Schonfeld Strategic Advisors LLC Increases Stock Position in GATX Co. (NYSE:GATX)

Schonfeld Strategic Advisors LLC boosted its stake in shares of GATX Co. (NYSE:GATX) by 22.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,573 shares of the transportation company’s stock after buying an additional 470 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in GATX were worth $399,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in GATX by 19.4% during the third quarter. JPMorgan Chase & Co. now owns 92,861 shares of the transportation company’s stock worth $12,299,000 after buying an additional 15,092 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of GATX by 44.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 40,031 shares of the transportation company’s stock valued at $6,085,000 after purchasing an additional 12,342 shares during the period. Bradley Foster & Sargent Inc. CT purchased a new position in shares of GATX in the fourth quarter valued at approximately $252,000. Charles Schwab Investment Management Inc. boosted its stake in shares of GATX by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 478,214 shares of the transportation company’s stock valued at $74,104,000 after purchasing an additional 3,485 shares during the period. Finally, Legato Capital Management LLC purchased a new position in shares of GATX in the fourth quarter valued at approximately $595,000. Hedge funds and other institutional investors own 93.14% of the company’s stock.

GATX Stock Up 0.3%

Shares of NYSE:GATX opened at $145.99 on Monday. The firm’s 50 day moving average price is $149.99 and its 200 day moving average price is $155.08. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of 18.79 and a beta of 1.18. GATX Co. has a fifty-two week low of $127.00 and a fifty-two week high of $168.89. The company has a quick ratio of 3.41, a current ratio of 2.77 and a debt-to-equity ratio of 3.37.

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

GATX Announces Dividend

The company also recently announced 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 of this dividend is Friday, June 13th. This represents a $2.44 annualized dividend and a yield of 1.67%. GATX’s dividend payout ratio (DPR) is 30.93%.

Analyst Ratings Changes

GATX has been the subject of several recent research reports. Susquehanna lowered their price objective on shares of GATX from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. The Goldman Sachs Group reissued a “buy” rating on shares of GATX in a research note on Wednesday, April 23rd.

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.