GATX Co. (NYSE:GATX) Shares Purchased by Boston Family Office LLC

Boston Family Office LLC raised its stake in GATX Co. (NYSE:GATX) by 12.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 7,078 shares of the transportation company’s stock after buying an additional 767 shares during the quarter. Boston Family Office LLC’s holdings in GATX were worth $937,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Gradient Investments LLC bought a new stake in GATX in the second quarter valued at $25,000. Wolff Wiese Magana LLC bought a new stake in GATX in the third quarter valued at $28,000. Quarry LP bought a new stake in GATX in the second quarter valued at $37,000. Canada Pension Plan Investment Board bought a new stake in GATX in the second quarter valued at $53,000. Finally, CWM LLC lifted its stake in GATX by 20.2% in the third quarter. CWM LLC now owns 487 shares of the transportation company’s stock valued at $65,000 after buying an additional 82 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GATX has been the topic of a number of recent research reports. Susquehanna raised their target price on GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. The Goldman Sachs Group began coverage on shares of GATX in a research note on Monday, November 18th. They set a “buy” rating and a $185.00 price objective on the stock.

Insider Buying and Selling

In other news, major shareholder Farm Mutual Automobile I. State bought 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.99% of the stock is owned by corporate insiders.

GATX Price Performance

Shares of NYSE GATX opened at $165.79 on Tuesday. GATX Co. has a fifty-two week low of $106.92 and a fifty-two week high of $167.25. The firm’s 50-day simple moving average is $140.54 and its 200 day simple moving average is $137.70. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 3.41. The stock has a market cap of $5.89 billion, a P/E ratio of 22.16 and a beta of 0.95.

GATX (NYSE:GATX) last issued its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.54. The business had revenue of $405.40 million for the quarter, compared to analysts’ expectations of $391.65 million. GATX had a net margin of 17.76% and a return on equity of 11.98%. The company’s revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.44 earnings per share. Equities analysts expect that GATX Co. will post 7.6 EPS for the current year.

GATX Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Friday, December 13th. GATX’s payout ratio is currently 31.02%.

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.