Winslow Asset Management Inc. Buys 1,666 Shares of GATX Co. (NYSE:GATX)

Winslow Asset Management Inc. raised its stake in GATX Co. (NYSE:GATX) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,428 shares of the transportation company’s stock after acquiring an additional 1,666 shares during the period. Winslow Asset Management Inc.’s holdings in GATX were worth $6,812,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. State of New Jersey Common Pension Fund D raised its holdings in shares of GATX by 1.2% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 14,142 shares of the transportation company’s stock worth $1,873,000 after acquiring an additional 163 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in GATX by 32.9% in the third quarter. Crossmark Global Holdings Inc. now owns 2,711 shares of the transportation company’s stock worth $360,000 after purchasing an additional 671 shares during the last quarter. Atria Investments Inc raised its stake in GATX by 1.5% during the third quarter. Atria Investments Inc now owns 15,248 shares of the transportation company’s stock valued at $2,020,000 after purchasing an additional 225 shares in the last quarter. Farther Finance Advisors LLC lifted its position in GATX by 872.4% during the third quarter. Farther Finance Advisors LLC now owns 564 shares of the transportation company’s stock valued at $75,000 after purchasing an additional 506 shares during the last quarter. Finally, US Bancorp DE grew its stake in shares of GATX by 1.6% in the 3rd quarter. US Bancorp DE now owns 29,965 shares of the transportation company’s stock worth $3,969,000 after buying an additional 463 shares in the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

GATX Stock Up 0.9 %

NYSE GATX opened at $154.36 on Tuesday. 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 Co. has a 52 week low of $106.45 and a 52 week high of $156.03. The firm has a market capitalization of $5.48 billion, a price-to-earnings ratio of 20.64 and a beta of 0.95. The company has a fifty day moving average of $136.93 and a two-hundred day moving average of $135.99.

GATX (NYSE:GATX) last issued its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $2.50 EPS for the quarter, beating the consensus estimate of $1.96 by $0.54. The company had revenue of $405.40 million for the quarter, compared to the consensus estimate of $391.65 million. GATX had a net margin of 17.76% and a return on equity of 11.98%. The firm’s revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.44 EPS. On average, analysts predict that GATX Co. will post 7.6 earnings per share for the current year.

GATX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.32 annualized dividend and a dividend yield of 1.50%. GATX’s dividend payout ratio (DPR) is 31.02%.

Insider Activity at GATX

In other news, major shareholder Farm Mutual Automobile I. State acquired 8,984 shares of GATX stock in a transaction on Wednesday, October 9th. The shares were bought at an average cost of $133.65 per share, for a total transaction of $1,200,711.60. Following the acquisition, the insider now directly owns 3,312,294 shares of the company’s stock, valued at $442,688,093.10. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Susquehanna upped their target price on shares of GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a research report on Monday, October 21st.

GATX Profile

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.