Atria Investments Inc Grows Stake in GATX Co. (NYSE:GATX)

Atria Investments Inc grew its holdings in shares of GATX Co. (NYSE:GATX) by 1.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 15,248 shares of the transportation company’s stock after purchasing an additional 225 shares during the quarter. Atria Investments Inc’s holdings in GATX were worth $2,020,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in GATX by 872.4% in the third quarter. Farther Finance Advisors LLC now owns 564 shares of the transportation company’s stock worth $75,000 after acquiring an additional 506 shares in the last quarter. US Bancorp DE grew its position in GATX by 1.6% during the 3rd quarter. US Bancorp DE now owns 29,965 shares of the transportation company’s stock worth $3,969,000 after purchasing an additional 463 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in GATX by 1.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 10,511 shares of the transportation company’s stock valued at $1,392,000 after purchasing an additional 193 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of GATX by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 4,114 shares of the transportation company’s stock worth $544,000 after buying an additional 280 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of GATX during the third quarter worth $3,922,000. 93.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Susquehanna upped 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.

Insider Transactions at GATX

In other news, major shareholder Farm Mutual Automobile I. State purchased 8,984 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were purchased at an average cost of $133.65 per share, with a total value of $1,200,711.60. Following the completion of the acquisition, the insider now owns 3,312,294 shares of the company’s stock, valued at approximately $442,688,093.10. This represents a 0.27 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.80% of the company’s stock.

GATX Price Performance

Shares of NYSE:GATX opened at $151.32 on Friday. GATX Co. has a twelve month low of $106.92 and a twelve month high of $156.03. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 3.41. The company has a market cap of $5.37 billion, a PE ratio of 20.23 and a beta of 0.95. The company’s 50 day moving average is $138.02 and its 200 day moving average is $136.39.

GATX (NYSE:GATX) last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.54. GATX had a net margin of 17.76% and a return on equity of 11.98%. The firm had revenue of $405.40 million for the quarter, compared to analyst estimates of $391.65 million. During the same quarter in the prior year, the business earned $1.44 earnings per share. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. On average, sell-side analysts forecast that GATX Co. will post 7.6 EPS for the current year.

GATX Dividend Announcement

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

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.