KBC Group NV Acquires 160 Shares of GATX Co. (NYSE:GATX)

KBC Group NV grew its holdings in GATX Co. (NYSE:GATX) by 3.0% in the 3rd quarter, Holdings Channel reports. The fund owned 5,534 shares of the transportation company’s stock after purchasing an additional 160 shares during the quarter. KBC Group NV’s holdings in GATX were worth $733,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Janney Montgomery Scott LLC acquired a new stake in GATX in the 1st quarter worth $341,000. SG Americas Securities LLC grew its position in GATX by 75.3% during the first quarter. SG Americas Securities LLC now owns 2,759 shares of the transportation company’s stock worth $370,000 after buying an additional 1,185 shares in the last quarter. Clearbridge Investments LLC increased its stake in GATX by 0.3% during the first quarter. Clearbridge Investments LLC now owns 370,308 shares of the transportation company’s stock valued at $49,632,000 after acquiring an additional 977 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in GATX by 2.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 38,676 shares of the transportation company’s stock valued at $5,182,000 after acquiring an additional 795 shares in the last quarter. Finally, Linscomb Wealth Inc. bought a new stake in shares of GATX in the 1st quarter worth approximately $202,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Farm Mutual Automobile I. State purchased 8,984 shares of GATX stock in a transaction that occurred on Wednesday, October 9th. The shares were acquired at an average price of $133.65 per share, for a total transaction of $1,200,711.60. Following the transaction, the insider now directly owns 3,312,294 shares in the company, valued at approximately $442,688,093.10. This represents a 0.27 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on GATX shares. Susquehanna boosted their price objective on GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. The Goldman Sachs Group assumed coverage on shares of GATX in a report on Monday. They set a “buy” rating and a $185.00 price objective for the company.

GATX Price Performance

Shares of GATX stock opened at $152.33 on Tuesday. The company has a debt-to-equity ratio of 3.41, a current ratio of 3.41 and a quick ratio of 3.41. The stock’s fifty day simple moving average is $138.40 and its 200 day simple moving average is $136.76. GATX Co. has a one year low of $106.92 and a one year high of $156.03. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 20.36 and a beta of 0.95.

GATX (NYSE:GATX) last issued its earnings results on Tuesday, October 22nd. The transportation company reported $2.50 EPS for the quarter, beating the consensus estimate of $1.96 by $0.54. The company had revenue of $405.40 million for 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 firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.44 EPS. On average, analysts expect that GATX Co. will post 7.6 earnings per share for the current fiscal year.

GATX Dividend Announcement

The firm also recently announced 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 1.52%. The ex-dividend date is Friday, December 13th. GATX’s payout ratio is currently 31.02%.

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.