Burney Co. Purchases 715 Shares of GATX Co. (NYSE:GATX)

Burney Co. raised its position in GATX Co. (NYSE:GATX) by 22.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,945 shares of the transportation company’s stock after buying an additional 715 shares during the quarter. Burney Co.’s holdings in GATX were worth $611,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Earnest Partners LLC increased its stake in GATX by 2.2% in the second quarter. Earnest Partners LLC now owns 3,118,084 shares of the transportation company’s stock valued at $412,710,000 after acquiring an additional 68,243 shares during the last quarter. State Street Corp boosted its holdings in shares of GATX by 0.6% in the 3rd quarter. State Street Corp now owns 1,294,895 shares of the transportation company’s stock valued at $171,509,000 after purchasing an additional 7,585 shares in the last quarter. Sei Investments Co. increased its stake in shares of GATX by 4.9% in the 2nd quarter. Sei Investments Co. now owns 869,643 shares of the transportation company’s stock valued at $115,106,000 after purchasing an additional 40,924 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of GATX by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 849,603 shares of the transportation company’s stock worth $112,550,000 after buying an additional 12,571 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of GATX by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 474,729 shares of the transportation company’s stock worth $62,878,000 after buying an additional 17,255 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors and hedge funds.

GATX Trading Up 0.5 %

Shares of NYSE GATX opened at $154.93 on Friday. The firm has a 50 day moving average price of $157.19 and a two-hundred day moving average price of $144.34. The stock has a market cap of $5.50 billion, a P/E ratio of 20.71 and a beta of 0.99. GATX Co. has a 52-week low of $115.28 and a 52-week high of $167.74. The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.41 and a current ratio of 3.41.

GATX (NYSE:GATX) last posted its quarterly earnings data 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 analyst estimates of $391.65 million. During the same period in the previous year, the firm earned $1.44 earnings per share. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. As a group, equities analysts forecast that GATX Co. will post 7.6 EPS for the current year.

GATX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.50%. The ex-dividend date was Friday, December 13th. GATX’s dividend payout ratio (DPR) is presently 31.02%.

Wall Street Analyst Weigh In

GATX has been the subject of several research analyst reports. 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 target price for the company. Sidoti cut 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. Finally, Susquehanna raised 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. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, GATX has an average rating of “Hold” and a consensus target price of $151.80.

GATX Company 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.