GATX Co. (NYSE:GATX) Shares Bought by Earnest Partners LLC

Earnest Partners LLC grew its holdings in shares of GATX Co. (NYSE:GATX) by 0.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,643,827 shares of the transportation company’s stock after acquiring an additional 11,355 shares during the quarter. GATX comprises approximately 1.2% of Earnest Partners LLC’s holdings, making the stock its 16th largest position. Earnest Partners LLC owned approximately 4.60% of GATX worth $130,339,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in GATX. BlackRock Inc. boosted its position in GATX by 2.8% during the 2nd quarter. BlackRock Inc. now owns 4,409,222 shares of the transportation company’s stock worth $349,607,000 after acquiring an additional 118,186 shares during the period. Northern Trust Corp lifted its holdings in shares of GATX by 8.4% in the second quarter. Northern Trust Corp now owns 1,170,765 shares of the transportation company’s stock valued at $92,829,000 after buying an additional 90,737 shares during the period. Federated Investors Inc. PA lifted its holdings in shares of GATX by 428.9% in the first quarter. Federated Investors Inc. PA now owns 61,356 shares of the transportation company’s stock valued at $4,686,000 after buying an additional 49,755 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of GATX in the second quarter valued at $3,108,000. Finally, Geode Capital Management LLC lifted its holdings in shares of GATX by 7.8% in the fourth quarter. Geode Capital Management LLC now owns 400,121 shares of the transportation company’s stock valued at $28,332,000 after buying an additional 29,097 shares during the period.

Shares of GATX stock opened at $80.66 on Friday. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 2.90. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 1.04 and a beta of 1.50. The business has a fifty day simple moving average of $75.06 and a 200-day simple moving average of $75.89. GATX Co. has a fifty-two week low of $67.46 and a fifty-two week high of $89.94.

GATX (NYSE:GATX) last announced its earnings results on Thursday, July 18th. The transportation company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.32 by $0.46. The business had revenue of $359.40 million during the quarter, compared to the consensus estimate of $355.00 million. GATX had a return on equity of 10.21% and a net margin of 14.88%. GATX’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.16 earnings per share. Analysts anticipate that GATX Co. will post 5.11 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Thursday, September 12th. GATX’s payout ratio is currently 35.25%.

In other news, VP James M. Conniff sold 1,240 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $75.15, for a total transaction of $93,186.00. Following the transaction, the vice president now owns 6,800 shares of the company’s stock, valued at approximately $511,020. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert C. Lyons sold 3,895 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $74.00, for a total value of $288,230.00. Following the transaction, the executive vice president now directly owns 66,663 shares in the company, valued at approximately $4,933,062. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,075 shares of company stock worth $996,108. Insiders own 3.72% of the company’s stock.

GATX Profile

GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets worldwide. The company operates through four segments: Rail North America, Rail International, Portfolio Management, and American Steamship Company (ASC). The Rail North America segment primarily leases railcars and locomotives.

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Institutional Ownership by Quarter for GATX (NYSE:GATX)

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