Virtu Financial LLC Takes Position in GATX Co. (NYSE:GATX)

Virtu Financial LLC acquired a new position in shares of GATX Co. (NYSE:GATX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,641 shares of the transportation company’s stock, valued at approximately $747,000.

Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC grew its stake in GATX by 108.4% in the second quarter. SG Americas Securities LLC now owns 5,751 shares of the transportation company’s stock valued at $761,000 after acquiring an additional 2,992 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of GATX by 2.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,528 shares of the transportation company’s stock valued at $335,000 after purchasing an additional 71 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in GATX by 8.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,144 shares of the transportation company’s stock worth $681,000 after purchasing an additional 395 shares in the last quarter. Blue Trust Inc. raised its holdings in GATX by 34.2% during the 2nd quarter. Blue Trust Inc. now owns 3,509 shares of the transportation company’s stock worth $470,000 after buying an additional 895 shares during the period. Finally, Gradient Investments LLC bought a new position in GATX in the second quarter valued at approximately $25,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

Analyst Upgrades and Downgrades

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

GATX Stock Down 0.3 %

GATX stock opened at $161.32 on Friday. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 3.41. GATX Co. has a 1-year low of $114.78 and a 1-year high of $167.74. The company has a fifty day simple moving average of $149.03 and a 200 day simple moving average of $140.51. The company has a market cap of $5.73 billion, a P/E ratio of 21.57 and a beta of 0.99.

GATX (NYSE:GATX) last announced its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.54. GATX had a return on equity of 11.98% and a net margin of 17.76%. The company had revenue of $405.40 million during the quarter, compared to analysts’ expectations of $391.65 million. During the same quarter last year, the company earned $1.44 EPS. GATX’s revenue for the quarter was up 12.6% compared to the same quarter last year. Research analysts anticipate that GATX Co. will post 7.6 earnings per share for the current fiscal 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 paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, December 13th. GATX’s dividend payout ratio is currently 31.02%.

Insider Activity

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