Dynamic Technology Lab Private Ltd Takes $1.41 Million Position in GATX Co. (NYSE:GATX)

Dynamic Technology Lab Private Ltd acquired a new position in GATX Co. (NYSE:GATX) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 10,649 shares of the transportation company’s stock, valued at approximately $1,410,000.

Other hedge funds also recently bought and sold shares of the company. Gradient Investments LLC purchased a new stake in GATX during the second quarter valued at approximately $25,000. Wolff Wiese Magana LLC purchased a new stake in shares of GATX in the 3rd quarter worth $28,000. Quarry LP bought a new position in GATX in the 2nd quarter worth $37,000. Canada Pension Plan Investment Board purchased a new position in GATX during the second quarter valued at $53,000. Finally, CWM LLC grew its holdings in GATX by 20.2% during the third quarter. CWM LLC now owns 487 shares of the transportation company’s stock valued at $65,000 after purchasing an additional 82 shares during the period. Hedge funds and other institutional investors own 93.14% of the company’s stock.

GATX Price Performance

Shares of GATX stock opened at $163.78 on Wednesday. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of 21.88 and a beta of 0.95. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 3.41. The stock’s 50-day simple moving average is $141.06 and its 200-day simple moving average is $137.94. GATX Co. has a 52 week low of $106.92 and a 52 week high of $167.25.

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

GATX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.58 per share. The ex-dividend date is Friday, December 13th. This represents a $2.32 annualized dividend and a yield of 1.42%. GATX’s payout ratio is 31.02%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Susquehanna raised their price objective on GATX from $122.00 to $140.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. The Goldman Sachs Group initiated coverage on shares of GATX in a research note on Monday, November 18th. They set a “buy” rating and a $185.00 target price on the stock.

Insider Buying and Selling at GATX

In other news, major shareholder Farm Mutual Automobile I. State purchased 8,984 shares of the business’s stock in a transaction on Wednesday, October 9th. The stock was acquired at an average price 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 represents a 0.27 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.99% of the stock is currently owned by insiders.

About GATX

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.