Natixis Advisors LLC Purchases 3,580 Shares of GATX Co. (NYSE:GATX)

Natixis Advisors LLC raised its position in GATX Co. (NYSE:GATX) by 2.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 167,651 shares of the transportation company’s stock after purchasing an additional 3,580 shares during the period. Natixis Advisors LLC’s holdings in GATX were worth $22,206,000 as of its most recent SEC filing.

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

GATX Price Performance

Shares of GATX opened at $152.33 on Tuesday. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 3.41. The company’s fifty day simple moving average is $138.40 and its 200 day simple moving average is $136.76. GATX Co. has a 1-year low of $106.92 and a 1-year high of $156.03. The company has a market cap of $5.41 billion, a price-to-earnings ratio of 20.36 and a beta of 0.95.

GATX (NYSE:GATX) last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.54. GATX had a net margin of 17.76% and a return on equity of 11.98%. The company had revenue of $405.40 million for the quarter, compared to analyst estimates of $391.65 million. During the same period in the previous year, the business earned $1.44 EPS. GATX’s revenue for the quarter was up 12.6% compared to the same quarter last year. On average, research analysts forecast that GATX Co. will post 7.6 earnings per share for the current fiscal year.

GATX Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.32 annualized dividend and a dividend yield of 1.52%. GATX’s dividend payout ratio is currently 31.02%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GATX. The Goldman Sachs Group initiated coverage on shares of GATX in a research note on Monday. They issued a “buy” rating and a $185.00 price target on the stock. Susquehanna raised their price objective on GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a report on Monday, October 21st.

Insider Buying and Selling

In related news, major shareholder Farm Mutual Automobile I. State bought 8,984 shares of the business’s stock in a transaction dated Wednesday, October 9th. The stock was bought at an average price 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 in the company, 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 hyperlink. 1.80% of the stock is owned by insiders.

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.