AQR Capital Management LLC Reduces Stock Position in GATX Co. (NYSE:GATX)

AQR Capital Management LLC cut its stake in GATX Co. (NYSE:GATX) by 11.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,937 shares of the transportation company’s stock after selling 775 shares during the quarter. AQR Capital Management LLC’s holdings in GATX were worth $786,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. SageView Advisory Group LLC bought a new stake in shares of GATX during the fourth quarter valued at about $772,000. Vanguard Group Inc. increased its holdings in GATX by 0.4% during the 4th 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 during the period. Quadrature Capital Ltd lifted its stake in GATX by 3.1% in the 4th quarter. Quadrature Capital Ltd now owns 2,969 shares of the transportation company’s stock worth $357,000 after purchasing an additional 90 shares in the last quarter. CWM LLC boosted its holdings in GATX by 155.7% in the 1st quarter. CWM LLC now owns 335 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 204 shares during the period. Finally, Mather Group LLC. purchased a new position in shares of GATX during the 1st quarter valued at $54,000. 93.14% of the stock is currently owned by institutional investors.

GATX Trading Up 0.2 %

Shares of GATX stock opened at $133.15 on Friday. The company has a market capitalization of $4.74 billion, a PE ratio of 18.97 and a beta of 0.95. GATX Co. has a 52-week low of $97.21 and a 52-week high of $151.33. The business’s fifty day moving average is $135.90 and its 200 day moving average is $134.50. The company has a debt-to-equity ratio of 3.52, a quick ratio of 4.97 and a current ratio of 4.97.

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

GATX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Friday, September 13th. GATX’s payout ratio is 33.05%.

Insider Activity

In other news, major shareholder Farm Mutual Automobile I. State bought 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, with a total value of $1,200,711.60. Following the completion of the purchase, the insider now directly owns 3,312,294 shares in the company, valued at $442,688,093.10. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

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.