Elevated Capital Advisors LLC Takes Position in GATX Co. (NYSE:GATX)

Elevated Capital Advisors LLC purchased a new stake in shares of GATX Co. (NYSE:GATX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,951 shares of the transportation company’s stock, valued at approximately $302,000.

A number of other hedge funds have also recently added to or reduced their stakes in GATX. Commonwealth Equity Services LLC lifted its position in shares of GATX by 1.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 4,560 shares of the transportation company’s stock worth $604,000 after buying an additional 78 shares during the last quarter. Johnson Investment Counsel Inc. raised its stake in GATX by 5.3% during the second quarter. Johnson Investment Counsel Inc. now owns 1,843 shares of the transportation company’s stock worth $244,000 after acquiring an additional 93 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in GATX by 27.2% in the second quarter. Oppenheimer Asset Management Inc. now owns 34,375 shares of the transportation company’s stock worth $4,550,000 after acquiring an additional 7,350 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in GATX by 3.6% in the second quarter. Envestnet Asset Management Inc. now owns 208,765 shares of the transportation company’s stock valued at $27,632,000 after acquiring an additional 7,232 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in shares of GATX by 7.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,104 shares of the transportation company’s stock valued at $542,000 after purchasing an additional 298 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GATX. Susquehanna boosted their price objective on GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. The Goldman Sachs Group initiated coverage on shares of GATX in a report on Monday, November 18th. They issued a “buy” rating and a $185.00 price objective on the stock. Finally, Sidoti lowered shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 target price for the company. in a research note on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, GATX has a consensus rating of “Hold” and an average target price of $151.80.

GATX Price Performance

Shares of GATX opened at $150.58 on Tuesday. GATX Co. has a one year low of $114.78 and a one year high of $167.74. The stock’s fifty day moving average is $156.67 and its 200-day moving average is $143.75. The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.41 and a current ratio of 3.41. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 20.13 and a beta of 0.99.

GATX (NYSE:GATX) last released its earnings results on Tuesday, October 22nd. The transportation company reported $2.50 EPS for the quarter, beating the consensus estimate of $1.96 by $0.54. The firm 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%. GATX’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the company earned $1.44 EPS. Equities analysts anticipate that GATX Co. will post 7.6 EPS for the current year.

GATX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.58 dividend. The ex-dividend date was Friday, December 13th. This represents a $2.32 annualized dividend and a dividend yield of 1.54%. GATX’s dividend payout ratio (DPR) is 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.