JPMorgan Chase & Co. Buys 15,092 Shares of GATX Co. (NYSE:GATX)

JPMorgan Chase & Co. boosted its position in GATX Co. (NYSE:GATXFree Report) by 19.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 92,861 shares of the transportation company’s stock after purchasing an additional 15,092 shares during the period. JPMorgan Chase & Co.’s holdings in GATX were worth $12,299,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of GATX. Wolff Wiese Magana LLC bought a new stake in shares of GATX in the third quarter valued at approximately $28,000. Quarry LP purchased a new position in GATX in the 2nd quarter valued at approximately $37,000. Canada Pension Plan Investment Board bought a new stake in GATX during the 2nd quarter valued at $53,000. CWM LLC lifted its position in shares of GATX by 20.2% during the third quarter. CWM LLC now owns 487 shares of the transportation company’s stock worth $65,000 after acquiring an additional 82 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of GATX by 872.4% in the third quarter. Farther Finance Advisors LLC now owns 564 shares of the transportation company’s stock worth $75,000 after acquiring an additional 506 shares during the period. 93.14% of the stock is owned by institutional investors.

GATX Price Performance

GATX stock opened at $150.26 on Friday. The business has a 50-day simple moving average of $156.67 and a 200 day simple moving average of $143.66. GATX Co. has a 52 week low of $114.78 and a 52 week high of $167.74. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 20.09 and a beta of 0.99. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 3.41.

GATX (NYSE:GATXGet Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.50 EPS for the quarter, topping the consensus estimate of $1.96 by $0.54. The company had revenue of $405.40 million during the quarter, compared to analyst estimates of $391.65 million. GATX had a return on equity of 11.98% and a net margin of 17.76%. GATX’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.44 earnings per share. On average, research analysts forecast that GATX Co. will post 7.6 earnings per share for the current fiscal year.

GATX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Friday, December 13th. GATX’s dividend payout ratio (DPR) is currently 31.02%.

Analysts Set New Price Targets

A number of research firms recently issued reports on GATX. The Goldman Sachs Group assumed coverage on GATX in a research note on Monday, November 18th. They set a “buy” rating and a $185.00 price objective on the stock. Susquehanna upped their price target on GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Finally, Sidoti lowered shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 price objective for the company. in a research report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $151.80.

Check Out Our Latest Research Report on GATX

About GATX

(Free Report)

GATX Corporation, together its subsidiaries, operates as railcar leasing company in the United States, Canada, Mexico, Europe, and India. It operates through three segments: Rail North America, Rail International, and Portfolio Management. The company leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.

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Institutional Ownership by Quarter for GATX (NYSE:GATX)

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