GATX Co. (NYSE:GATX) Shares Purchased by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL increased its holdings in shares of GATX Co. (NYSE:GATX) by 27.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,234 shares of the transportation company’s stock after acquiring an additional 1,142 shares during the period. Chesapeake Capital Corp IL’s holdings in GATX were worth $698,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Kingswood Wealth Advisors LLC grew its position in shares of GATX by 89.2% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 8,273 shares of the transportation company’s stock valued at $1,095,000 after acquiring an additional 3,900 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in shares of GATX by 6.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 347,451 shares of the transportation company’s stock valued at $45,989,000 after acquiring an additional 20,985 shares during the period. American Century Companies Inc. grew its position in shares of GATX by 16.9% during the 2nd quarter. American Century Companies Inc. now owns 831,625 shares of the transportation company’s stock valued at $110,074,000 after acquiring an additional 120,149 shares during the period. Atria Investments Inc acquired a new stake in shares of GATX during the 1st quarter valued at about $1,747,000. Finally, Seven Eight Capital LP acquired a new stake in shares of GATX during the 2nd quarter valued at about $487,000. 93.14% of the stock is currently owned by institutional investors and hedge funds.

GATX Trading Up 0.2 %

GATX stock opened at $151.53 on Friday. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 3.41. GATX Co. has a 12-month low of $106.92 and a 12-month high of $156.03. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of 20.26 and a beta of 0.95. The business’s 50-day moving average is $138.40 and its 200 day moving average is $136.67.

GATX (NYSE:GATX) last posted its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate 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 posted $1.44 EPS. GATX’s revenue was up 12.6% compared to the same quarter last year. On average, sell-side analysts anticipate that GATX Co. will post 7.6 EPS for the current fiscal year.

GATX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Friday, December 13th. GATX’s payout ratio is 31.02%.

Insider Buying and Selling

In other GATX news, major shareholder Farm Mutual Automobile I. State bought 8,984 shares of the firm’s stock in a transaction on Wednesday, October 9th. The shares were acquired at an average cost of $133.65 per share, with a total value of $1,200,711.60. Following the purchase, the insider now directly owns 3,312,294 shares of the company’s stock, valued at $442,688,093.10. This trade represents a 0.27 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Susquehanna raised their target price on 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.