18,714 Shares in GATX Co. (NYSE:GATX) Purchased by NFJ Investment Group LLC

NFJ Investment Group LLC bought a new position in GATX Co. (NYSE:GATX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,714 shares of the transportation company’s stock, valued at approximately $2,479,000. NFJ Investment Group LLC owned about 0.05% of GATX as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Gradient Investments LLC bought a new position in GATX in the 2nd quarter worth about $25,000. Wolff Wiese Magana LLC acquired a new position in shares of GATX during the third quarter worth approximately $28,000. Quarry LP bought a new position in GATX in the 2nd quarter worth approximately $37,000. Canada Pension Plan Investment Board acquired a new stake in GATX in the 2nd quarter valued at approximately $53,000. Finally, CWM LLC increased its position in GATX by 20.2% in the 3rd quarter. CWM LLC now owns 487 shares of the transportation company’s stock valued at $65,000 after acquiring an additional 82 shares during the period. 93.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Susquehanna upped their price objective on shares of GATX from $122.00 to $140.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. The Goldman Sachs Group assumed coverage on shares of GATX in a research note on Monday, November 18th. They issued a “buy” rating and a $185.00 price target for the company.

GATX Price Performance

GATX stock opened at $162.44 on Wednesday. GATX Co. has a one year low of $110.94 and a one year high of $167.25. The firm has a 50-day moving average of $144.15 and a two-hundred day moving average of $139.13. The firm has a market capitalization of $5.77 billion, a PE ratio of 21.72 and a beta of 0.99. 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 (NYSE:GATX) last issued its quarterly earnings results 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 the consensus estimate of $391.65 million. GATX had a return on equity of 11.98% and a net margin of 17.76%. GATX’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 earnings per share. On average, analysts forecast that GATX Co. will post 7.6 earnings per share for the current year.

GATX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.43%. The ex-dividend date is Friday, December 13th. GATX’s dividend payout ratio is 31.02%.

Insider Transactions at GATX

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 acquired at an average cost of $133.65 per share, for a total transaction of $1,200,711.60. Following the purchase, the insider now owns 3,312,294 shares of the company’s stock, valued at $442,688,093.10. This represents a 0.27 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.99% of the stock is currently owned by company 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.