State of New Jersey Common Pension Fund D Buys 163 Shares of GATX Co. (NYSE:GATX)

State of New Jersey Common Pension Fund D boosted its stake in GATX Co. (NYSE:GATX) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,142 shares of the transportation company’s stock after purchasing an additional 163 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in GATX were worth $1,873,000 as of its most recent filing with the Securities & Exchange Commission.

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

GATX Stock Up 0.5 %

Shares of GATX opened at $152.33 on Tuesday. The firm has a market cap of $5.41 billion, a P/E ratio of 20.36 and a beta of 0.95. GATX Co. has a 1 year low of $106.92 and a 1 year high of $156.03. The stock has a 50 day simple moving average of $138.40 and a two-hundred day simple moving average of $136.76. The company has a debt-to-equity ratio of 3.41, a current ratio of 3.41 and a quick ratio of 3.41.

GATX (NYSE:GATX) last issued its 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 net margin of 17.76% and a return on equity of 11.98%. The company had revenue of $405.40 million for the quarter, compared to analysts’ expectations of $391.65 million. During the same quarter last year, the company earned $1.44 EPS. The firm’s revenue was up 12.6% compared to the same quarter last year. On average, analysts forecast 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 issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.52%. The ex-dividend date is Friday, December 13th. GATX’s dividend payout ratio is presently 31.02%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group started coverage on shares of GATX in a research report on Monday. They set a “buy” rating and a $185.00 target price for the company. Susquehanna upped their target price on shares of GATX from $122.00 to $140.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st.

Insider Buying and Selling

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 shares were acquired at an average price of $133.65 per share, with a total value of $1,200,711.60. Following the acquisition, the insider now directly owns 3,312,294 shares in the company, valued at approximately $442,688,093.10. The trade was a 0.27 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.80% of the stock is owned by corporate insiders.

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.