Chesapeake Capital Corp IL Grows Stock Position in GATX Co. (NYSE:GATX)

Chesapeake Capital Corp IL increased its position in shares of GATX Co. (NYSE:GATX) by 27.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,234 shares of the transportation company’s stock after purchasing an additional 1,142 shares during the quarter. Chesapeake Capital Corp IL’s holdings in GATX were worth $698,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Earnest Partners LLC raised its position in shares of GATX by 2.2% during the 2nd quarter. Earnest Partners LLC now owns 3,118,084 shares of the transportation company’s stock valued at $412,710,000 after buying an additional 68,243 shares during the period. Sei Investments Co. increased its holdings in GATX by 4.9% in the 2nd quarter. Sei Investments Co. now owns 869,643 shares of the transportation company’s stock valued at $115,106,000 after purchasing an additional 40,924 shares during the last quarter. American Century Companies Inc. increased its holdings in GATX by 16.9% in the 2nd quarter. American Century Companies Inc. now owns 831,625 shares of the transportation company’s stock valued at $110,074,000 after purchasing an additional 120,149 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in GATX by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 378,274 shares of the transportation company’s stock valued at $50,068,000 after purchasing an additional 5,686 shares during the last quarter. Finally, Clearbridge Investments LLC increased its holdings in GATX by 0.3% in the 1st quarter. Clearbridge Investments LLC now owns 370,308 shares of the transportation company’s stock valued at $49,632,000 after purchasing an additional 977 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Farm Mutual Automobile I. State bought 8,984 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was purchased at an average price of $133.65 per share, for a total transaction of $1,200,711.60. Following the completion of the purchase, the insider now owns 3,312,294 shares in the company, valued at approximately $442,688,093.10. This trade represents a 0.27 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Separately, Susquehanna lifted their target price on shares of GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a report on Monday, October 21st.

GATX Stock Performance

NYSE:GATX opened at $151.53 on Friday. The company has a fifty day simple moving average of $138.40 and a two-hundred day simple moving average of $136.67. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 20.26 and a beta of 0.95. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 3.41. GATX Co. has a 52 week low of $106.92 and a 52 week high of $156.03.

GATX (NYSE:GATX) last posted its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $2.50 EPS for the quarter, topping the consensus estimate of $1.96 by $0.54. The business had revenue of $405.40 million during the quarter, compared to the consensus estimate of $391.65 million. GATX had a net margin of 17.76% and a return on equity of 11.98%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.44 earnings per share. As a group, equities analysts anticipate that GATX Co. will post 7.6 earnings per share for the current fiscal year.

GATX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.58 per share. The ex-dividend date is Friday, December 13th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.53%. GATX’s payout ratio is currently 31.02%.

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.