Bridgewater Associates LP bought a new position in GATX Corporation (NYSE:GATX) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,822 shares of the transportation company’s stock, valued at approximately $246,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in GATX. Bank of Montreal Can raised its stake in shares of GATX Corporation by 19.4% in the first quarter. Bank of Montreal Can now owns 2,525 shares of the transportation company’s stock worth $154,000 after acquiring an additional 410 shares during the last quarter. Capstone Asset Management Co. bought a new position in shares of GATX Corporation in the first quarter worth about $200,000. Russell Investments Group Ltd. raised its stake in shares of GATX Corporation by 281.2% in the first quarter. Russell Investments Group Ltd. now owns 6,904 shares of the transportation company’s stock worth $421,000 after acquiring an additional 5,093 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of GATX Corporation by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 14,155 shares of the transportation company’s stock worth $863,000 after acquiring an additional 200 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in shares of GATX Corporation by 3.3% in the first quarter. Great West Life Assurance Co. Can now owns 22,254 shares of the transportation company’s stock worth $1,357,000 after acquiring an additional 706 shares during the last quarter.

Shares of GATX Corporation (NYSE GATX) opened at 59.16 on Tuesday. The company’s 50 day moving average is $60.97 and its 200-day moving average is $60.97. GATX Corporation has a 1-year low of $40.92 and a 1-year high of $66.30. The company has a market capitalization of $2.29 billion, a P/E ratio of 9.97 and a beta of 1.20.

GATX Corporation (NYSE:GATX) last posted its quarterly earnings results on Thursday, July 20th. The transportation company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.21. GATX Corporation had a net margin of 17.09% and a return on equity of 17.83%. The company had revenue of $348.40 million for the quarter, compared to the consensus estimate of $352.64 million. During the same period last year, the company posted $1.49 EPS. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, equities research analysts forecast that GATX Corporation will post $4.60 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, September 30th. Stockholders of record on Friday, September 15th will be paid a $0.42 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.84%. GATX Corporation’s payout ratio is currently 28.38%.

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A number of equities analysts have weighed in on the stock. Zacks Investment Research raised shares of GATX Corporation from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research note on Monday, July 24th. Citigroup Inc. dropped their target price on shares of GATX Corporation from $73.00 to $71.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Stifel Nicolaus raised shares of GATX Corporation from a “sell” rating to a “hold” rating and boosted their target price for the stock from $50.00 to $54.00 in a research note on Monday, July 17th. Buckingham Research assumed coverage on shares of GATX Corporation in a research note on Wednesday, June 21st. They issued a “neutral” rating and a $64.00 target price for the company. Finally, ValuEngine raised shares of GATX Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $55.71.

In related news, VP Jeffery R. Young sold 2,910 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $58.70, for a total value of $170,817.00. Following the completion of the transaction, the vice president now owns 6,881 shares in the company, valued at approximately $403,914.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 3.50% of the company’s stock.

GATX Corporation Profile

GATX Corporation is a global railcar lessor, owning fleets in North America, Europe, and Asia. In addition, the Company operates fleet of the United States-flagged vessels on the Great Lakes and jointly with Rolls-Royce plc, it owns aircraft spare engine lease portfolios in the world. It operates through four business segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management.

Institutional Ownership by Quarter for GATX Corporation (NYSE:GATX)

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