Hilltop National Bank Boosts Stock Position in GATX Co. (NYSE:GATX)

Hilltop National Bank raised its stake in GATX Co. (NYSE:GATX) by 11.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 803 shares of the transportation company’s stock after acquiring an additional 81 shares during the period. Hilltop National Bank’s holdings in GATX were worth $106,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Versor Investments LP purchased a new stake in GATX in the 4th quarter valued at approximately $733,000. BNP Paribas Financial Markets boosted its stake in shares of GATX by 78.5% in the first quarter. BNP Paribas Financial Markets now owns 19,186 shares of the transportation company’s stock valued at $2,572,000 after buying an additional 8,435 shares in the last quarter. Norges Bank acquired a new position in GATX during the fourth quarter worth $41,112,000. Vanguard Group Inc. raised its position in GATX by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 3,917,862 shares of the transportation company’s stock worth $471,005,000 after acquiring an additional 14,420 shares in the last quarter. Finally, SageView Advisory Group LLC acquired a new stake in GATX in the fourth quarter valued at $772,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Price Performance

NYSE GATX traded down $0.90 during mid-day trading on Wednesday, hitting $132.61. The stock had a trading volume of 122,840 shares, compared to its average volume of 155,981. The company has a 50 day simple moving average of $135.59 and a 200 day simple moving average of $131.70. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 18.89 and a beta of 0.96. GATX Co. has a 52-week low of $97.21 and a 52-week high of $151.33. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 3.52.

GATX (NYSE:GATX) last released its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.43 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.39). GATX had a return on equity of 10.61% and a net margin of 15.86%. The business had revenue of $386.70 million during the quarter, compared to analysts’ expectations of $385.45 million. During the same quarter in the prior year, the firm earned $1.73 earnings per share. GATX’s quarterly revenue was up 12.7% on a year-over-year basis. Equities analysts forecast that GATX Co. will post 7.5 EPS for the current fiscal year.

GATX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a $0.58 dividend. The ex-dividend date is Friday, September 13th. This represents a $2.32 annualized dividend and a dividend yield of 1.75%. GATX’s dividend payout ratio is presently 33.05%.

Analyst Upgrades and Downgrades

Separately, Susquehanna upped their price target on shares of GATX from $120.00 to $122.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th.

Insider Buying and Selling

In related news, Director Anne L. Arvia sold 1,000 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $131.98, for a total transaction of $131,980.00. Following the sale, the director now owns 32,477 shares of the company’s stock, valued at $4,286,314.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Paul F. Titterton sold 9,000 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $139.37, for a total transaction of $1,254,330.00. Following the transaction, the executive vice president now directly owns 11,373 shares in the company, valued at $1,585,055.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anne L. Arvia sold 1,000 shares of GATX stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $131.98, for a total value of $131,980.00. Following the completion of the sale, the director now owns 32,477 shares of the company’s stock, valued at approximately $4,286,314.46. The disclosure for this sale can be found here. Insiders sold 14,800 shares of company stock worth $2,056,678 in the last ninety days. Insiders own 1.80% of the company’s stock.

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.