Balyasny Asset Management L.P. Purchases Shares of 4,600 GATX Co. (NYSE:GATX)

Balyasny Asset Management L.P. acquired a new position in shares of GATX Co. (NYSE:GATX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,600 shares of the transportation company’s stock, valued at approximately $713,000.

Several other hedge funds have also made changes to their positions in GATX. UMB Bank n.a. boosted its stake in GATX by 91.8% in the 4th quarter. UMB Bank n.a. now owns 163 shares of the transportation company’s stock worth $25,000 after buying an additional 78 shares during the last quarter. Assetmark Inc. boosted its position in shares of GATX by 60.4% in the fourth quarter. Assetmark Inc. now owns 178 shares of the transportation company’s stock worth $28,000 after acquiring an additional 67 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of GATX in the fourth quarter worth approximately $39,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of GATX in the fourth quarter worth approximately $46,000. Finally, Huntington National Bank increased its position in GATX by 54.3% during the fourth quarter. Huntington National Bank now owns 344 shares of the transportation company’s stock worth $53,000 after purchasing an additional 121 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GATX. Susquehanna decreased their price target on shares of GATX from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group restated a “buy” rating on shares of GATX in a report on Wednesday, April 23rd.

GATX Stock Performance

NYSE GATX opened at $149.56 on Thursday. The business’s 50-day simple moving average is $149.52 and its 200-day simple moving average is $155.07. The firm has a market capitalization of $5.34 billion, a P/E ratio of 19.25 and a beta of 1.18. GATX Co. has a 1-year low of $127.00 and a 1-year high of $168.89. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.77 and a quick ratio of 3.41.

GATX (NYSE:GATX) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.06. GATX had a net margin of 17.92% and a return on equity of 12.07%. The firm had revenue of $421.60 million for the quarter, compared to analysts’ expectations of $417.06 million. During the same period in the previous year, the company posted $2.01 earnings per share. GATX’s revenue was up 11.0% compared to the same quarter last year. Equities analysts predict that GATX Co. will post 8.5 EPS for the current year.

GATX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.61 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.44 annualized dividend and a yield of 1.63%. GATX’s dividend payout ratio is currently 30.93%.

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.