Sutton Place Investors LLC Acquires New Position in GATX Co. (NYSE:GATX)

Sutton Place Investors LLC acquired a new stake in GATX Co. (NYSE:GATX) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,760 shares of the transportation company’s stock, valued at approximately $236,000.

A number of other hedge funds have also added to or reduced their stakes in GATX. Orion Capital Management LLC bought a new position in GATX during the 3rd quarter worth about $27,000. GAMMA Investing LLC acquired a new stake in shares of GATX during the fourth quarter worth about $32,000. McGlone Suttner Wealth Management Inc. acquired a new position in GATX in the 4th quarter worth approximately $36,000. Headinvest LLC purchased a new position in GATX during the 3rd quarter worth approximately $33,000. Finally, CWM LLC increased its stake in shares of GATX by 155.7% in the first quarter. CWM LLC now owns 335 shares of the transportation company’s stock worth $45,000 after acquiring an additional 204 shares during the period. 93.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at GATX

In other news, CEO Robert C. Lyons sold 19,300 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $125.70, for a total value of $2,426,010.00. Following the sale, the chief executive officer now directly owns 44,710 shares of the company’s stock, valued at approximately $5,620,047. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other GATX news, CEO Robert C. Lyons sold 19,300 shares of GATX stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $125.70, for a total transaction of $2,426,010.00. Following the completion of the sale, the chief executive officer now directly owns 44,710 shares of the company’s stock, valued at approximately $5,620,047. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kevin Hillesland sold 2,200 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $133.83, for a total value of $294,426.00. Following the sale, the senior vice president now owns 7,711 shares of the company’s stock, valued at approximately $1,031,963.13. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,694 shares of company stock worth $2,744,936. Insiders own 1.99% of the company’s stock.

GATX Price Performance

NYSE GATX traded down $3.66 on Tuesday, hitting $122.23. The company had a trading volume of 175,339 shares, compared to its average volume of 141,688. The company has a debt-to-equity ratio of 3.28, a current ratio of 3.39 and a quick ratio of 2.79. The company has a market capitalization of $4.34 billion, a PE ratio of 17.41 and a beta of 0.98. GATX Co. has a 12-month low of $97.21 and a 12-month high of $135.65. The company’s fifty day moving average price is $129.70 and its 200-day moving average price is $120.55.

GATX (NYSE:GATX) last issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.29. GATX had a net margin of 17.64% and a return on equity of 11.29%. The firm had revenue of $379.90 million for the quarter, compared to analyst estimates of $375.80 million. During the same period last year, the company posted $2.20 EPS. GATX’s quarterly revenue was up 12.1% compared to the same quarter last year. As a group, analysts predict that GATX Co. will post 7.55 earnings per share for the current year.

GATX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 30th. Investors of record on Friday, June 14th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.32 annualized dividend and a yield of 1.90%. GATX’s dividend payout ratio is presently 33.05%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GATX. TD Cowen boosted their price objective on GATX from $122.00 to $136.00 and gave the company a “market perform” rating in a report on Wednesday, January 24th. Susquehanna lifted their target price on shares of GATX from $120.00 to $122.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Finally, Wells Fargo & Company boosted their target price on shares of GATX from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th.

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.