ClearAlpha Technologies LP Makes New $248,000 Investment in GATX Co. (NYSE:GATX)

ClearAlpha Technologies LP purchased a new stake in GATX Co. (NYSE:GATX) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 1,876 shares of the transportation company’s stock, valued at approximately $248,000.

Other hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in GATX by 5.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 24,125 shares of the transportation company’s stock worth $3,234,000 after purchasing an additional 1,328 shares in the last quarter. Tidal Investments LLC bought a new position in shares of GATX during the 1st quarter worth approximately $351,000. Atria Investments Inc acquired a new stake in GATX in the 1st quarter valued at $1,747,000. Kingswood Wealth Advisors LLC grew its position in GATX by 89.2% in the second quarter. Kingswood Wealth Advisors LLC now owns 8,273 shares of the transportation company’s stock valued at $1,095,000 after acquiring an additional 3,900 shares during the period. Finally, Park Avenue Securities LLC raised its stake in GATX by 3.3% during the second quarter. Park Avenue Securities LLC now owns 4,750 shares of the transportation company’s stock worth $629,000 after acquiring an additional 150 shares in the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Trading Up 0.1 %

Shares of GATX opened at $164.39 on Tuesday. 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 company has a market cap of $5.84 billion, a price-to-earnings ratio of 21.98 and a beta of 0.99. The stock has a fifty day moving average price of $143.66 and a two-hundred day moving average price of $138.95. GATX Co. has a 52-week low of $110.94 and a 52-week high of $167.25.

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

GATX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.41%. GATX’s payout ratio is 31.02%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GATX. The Goldman Sachs Group began coverage on shares of GATX in a research note on Monday, November 18th. They issued a “buy” rating and a $185.00 target price on the stock. Susquehanna boosted their price target on shares of GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a research report on Monday, October 21st.

Insider Transactions at GATX

In other news, major shareholder Farm Mutual Automobile I. State bought 8,984 shares of the company’s stock in a transaction dated Wednesday, October 9th. The stock was bought at an average price of $133.65 per share, for a total transaction of $1,200,711.60. Following the completion of the transaction, the insider now directly owns 3,312,294 shares in the company, valued at $442,688,093.10. The trade was a 0.27 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.99% of the stock is owned by company insiders.

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.