1,369 Shares in GATX Co. (NYSE:GATX) Bought by Longboard Asset Management LP

Longboard Asset Management LP acquired a new position in GATX Co. (NYSE:GATX) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,369 shares of the transportation company’s stock, valued at approximately $212,000.

Other large investors have also recently bought and sold shares of the company. Algert Global LLC acquired a new position in GATX during the 2nd quarter worth $450,000. Sanctuary Advisors LLC acquired a new position in GATX during the 2nd quarter worth $1,122,000. Handelsbanken Fonder AB lifted its position in GATX by 18.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 8,330 shares of the transportation company’s stock worth $1,103,000 after acquiring an additional 1,300 shares during the last quarter. CWM LLC lifted its position in GATX by 20.2% during the 3rd quarter. CWM LLC now owns 487 shares of the transportation company’s stock worth $65,000 after acquiring an additional 82 shares during the last quarter. Finally, Creative Planning lifted its position in GATX by 0.8% during the 3rd quarter. Creative Planning now owns 28,076 shares of the transportation company’s stock worth $3,719,000 after acquiring an additional 218 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors.

GATX Stock Up 0.1 %

Shares of GATX opened at $165.33 on Wednesday. The company has a 50-day simple moving average of $158.77 and a 200-day simple moving average of $146.32. The firm has a market capitalization of $5.87 billion, a P/E ratio of 21.28 and a beta of 0.99. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.41 and a current ratio of 2.77. GATX Co. has a 52 week low of $120.14 and a 52 week high of $168.29.

GATX (NYSE:GATX) last announced its quarterly earnings data on Thursday, January 23rd. The transportation company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.25. GATX had a net margin of 17.92% and a return on equity of 12.07%. During the same quarter last year, the company earned $1.74 earnings per share. On average, equities research analysts expect that GATX Co. will post 8.5 earnings per share for the current year.

GATX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.48%. The ex-dividend date is Friday, February 28th. This is a positive change from GATX’s previous quarterly dividend of $0.58. GATX’s dividend payout ratio is 31.40%.

Analyst Ratings Changes

GATX has been the subject of a number of research analyst reports. The Goldman Sachs Group initiated coverage on shares of GATX in a research report on Monday, November 18th. They set a “buy” rating and a $185.00 target price for the company. Susquehanna boosted 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. Finally, Sidoti lowered shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 price objective for the company. in a research report on Wednesday, December 4th.

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.