Burney Co. Has $611,000 Position in GATX Co. (NYSE:GATX)

Burney Co. boosted its holdings in shares of GATX Co. (NYSE:GATX) by 22.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,945 shares of the transportation company’s stock after acquiring an additional 715 shares during the period. Burney Co.’s holdings in GATX were worth $611,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in GATX. Earnest Partners LLC boosted its stake in GATX by 2.2% during the 2nd quarter. Earnest Partners LLC now owns 3,118,084 shares of the transportation company’s stock worth $412,710,000 after acquiring an additional 68,243 shares during the last quarter. State Street Corp boosted its position in shares of GATX by 0.6% during the third quarter. State Street Corp now owns 1,294,895 shares of the transportation company’s stock worth $171,509,000 after purchasing an additional 7,585 shares in the last quarter. Sei Investments Co. boosted its position in shares of GATX by 4.9% during the second quarter. Sei Investments Co. now owns 869,643 shares of the transportation company’s stock worth $115,106,000 after purchasing an additional 40,924 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of GATX by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 849,603 shares of the transportation company’s stock valued at $112,550,000 after buying an additional 12,571 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of GATX by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 474,729 shares of the transportation company’s stock valued at $62,878,000 after buying an additional 17,255 shares in the last quarter. Institutional investors own 93.14% of the company’s stock.

Wall Street Analysts Forecast Growth

GATX has been the subject of a number of research analyst reports. Sidoti cut GATX from a “buy” rating to a “neutral” rating and set a $158.00 target price for the company. in a research note on Wednesday, December 4th. Susquehanna lifted their price objective on GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Finally, The Goldman Sachs Group initiated coverage on GATX in a research note on Monday, November 18th. They set a “buy” rating and a $185.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $151.80.

GATX Stock Performance

Shares of GATX stock opened at $154.93 on Friday. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 20.71 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. GATX Co. has a 52 week low of $115.28 and a 52 week high of $167.74. The company has a 50-day simple moving average of $157.19 and a 200 day simple moving average of $144.34.

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

GATX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Friday, December 13th. GATX’s dividend 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.