Point72 DIFC Ltd Takes Position in GATX Co. (NYSE:GATX)

Point72 DIFC Ltd acquired a new position in shares of GATX Co. (NYSE:GATX) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 610 shares of the transportation company’s stock, valued at approximately $81,000.

A number of other institutional investors and hedge funds have also bought and sold shares of GATX. Millburn Ridgefield Corp purchased a new position in shares of GATX during the third quarter valued at $90,000. NFJ Investment Group LLC purchased a new position in GATX during the 3rd quarter valued at about $2,479,000. HighTower Advisors LLC lifted its position in shares of GATX by 0.6% in the 3rd quarter. HighTower Advisors LLC now owns 10,692 shares of the transportation company’s stock worth $1,418,000 after purchasing an additional 68 shares during the period. ClearAlpha Technologies LP bought a new position in shares of GATX during the third quarter valued at approximately $248,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in GATX in the third quarter worth approximately $122,000. 93.14% of the stock is owned by institutional investors.

GATX Trading Up 1.0 %

GATX stock opened at $160.83 on Monday. GATX Co. has a one year low of $111.13 and a one year high of $167.25. The stock has a market cap of $5.71 billion, a PE ratio of 21.50 and a beta of 0.99. The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.41 and a current ratio of 3.41. The stock has a 50-day moving average of $145.72 and a two-hundred day moving average of $139.58.

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 analysts’ consensus estimates of $1.96 by $0.54. GATX had a net margin of 17.76% and a return on equity of 11.98%. The firm 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 company earned $1.44 earnings per share. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. On average, research analysts anticipate that GATX Co. will post 7.6 EPS for the current fiscal year.

GATX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, December 13th. GATX’s dividend payout ratio (DPR) is currently 31.02%.

Insiders Place Their Bets

In other news, major shareholder Farm Mutual Automobile I. State purchased 8,984 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were purchased at an average cost of $133.65 per share, with a total value of $1,200,711.60. Following the completion of the acquisition, the insider now owns 3,312,294 shares of the company’s stock, valued at approximately $442,688,093.10. This represents a 0.27 % increase in their position. 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 owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GATX. Susquehanna increased their target price on GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Sidoti lowered GATX from a “buy” rating to a “neutral” rating and set a $158.00 target price on the stock. in a research note on Wednesday, December 4th. Finally, The Goldman Sachs Group assumed coverage on shares of GATX in a report on Monday, November 18th. They issued a “buy” rating and a $185.00 price target on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, GATX has an average rating of “Hold” and an average price target of $151.80.

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.