Kingswood Wealth Advisors LLC Acquires Shares of 8,073 GATX Co. (NYSE:GATX)

Kingswood Wealth Advisors LLC bought a new position in shares of GATX Co. (NYSE:GATX) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 8,073 shares of the transportation company’s stock, valued at approximately $1,251,000.

A number of other hedge funds also recently modified their holdings of GATX. International Assets Investment Management LLC acquired a new stake in GATX during the third quarter worth about $3,922,000. Creative Planning lifted its holdings in shares of GATX by 396.5% during the 2nd quarter. Creative Planning now owns 27,858 shares of the transportation company’s stock worth $3,687,000 after acquiring an additional 22,247 shares during the period. Citigroup Inc. boosted its position in shares of GATX by 209.7% during the 3rd quarter. Citigroup Inc. now owns 29,602 shares of the transportation company’s stock worth $3,921,000 after acquiring an additional 20,045 shares in the last quarter. NFJ Investment Group LLC bought a new position in GATX in the third quarter valued at approximately $2,479,000. Finally, Charles Schwab Investment Management Inc. raised its position in GATX by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 474,729 shares of the transportation company’s stock valued at $62,878,000 after purchasing an additional 17,255 shares in the last quarter. Institutional investors own 93.14% of the company’s stock.

GATX Stock Performance

NYSE GATX opened at $165.36 on Tuesday. GATX Co. has a fifty-two week low of $120.14 and a fifty-two week high of $168.29. The stock has a market cap of $5.87 billion, a PE ratio of 22.11 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 firm’s fifty day moving average price is $158.06 and its two-hundred day moving average price is $145.51.

GATX (NYSE:GATX) last posted its earnings results on Thursday, January 23rd. The transportation company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.68 by $0.25. GATX had a net margin of 17.76% and a return on equity of 11.98%. During the same quarter in the prior year, the firm posted $1.74 EPS. On average, equities analysts expect that GATX Co. will post 7.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Susquehanna raised their target price on GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Sidoti cut GATX from a “buy” rating to a “neutral” rating and set a $158.00 target price on the stock. in a research report on Wednesday, December 4th. Finally, The Goldman Sachs Group began coverage on shares of GATX in a report on Monday, November 18th. They issued a “buy” rating and a $185.00 target price for the company.

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.