Profund Advisors LLC Invests $221,000 in GATX Co. (NYSE:GATX)

Posted by Defense World Staff on Apr 27th, 2023

Profund Advisors LLC acquired a new stake in GATX Co. (NYSE:GATX – Get Rating) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,076 shares of the transportation company’s stock, valued at approximately $221,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of GATX by 2.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 4,490 shares of the transportation company’s stock valued at $554,000 after purchasing an additional 114 shares in the last quarter. Bank of Montreal Can increased its position in GATX by 6.2% during the first quarter. Bank of Montreal Can now owns 17,266 shares of the transportation company’s stock worth $2,182,000 after buying an additional 1,004 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of GATX in the first quarter worth $219,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of GATX by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,010 shares of the transportation company’s stock valued at $1,605,000 after acquiring an additional 1,240 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in shares of GATX by 8.0% during the first quarter. Great West Life Assurance Co. Can now owns 19,808 shares of the transportation company’s stock valued at $2,513,000 after acquiring an additional 1,471 shares during the last quarter. 99.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GATX. Sidoti began coverage on shares of GATX in a report on Tuesday, March 14th. They issued a “buy” rating on the stock. Wells Fargo & Company raised their target price on shares of GATX from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 25th. StockNews.com upgraded GATX from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Susquehanna raised their price objective on GATX from $115.00 to $118.00 in a report on Wednesday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $118.33.

GATX Price Performance

GATX opened at $112.95 on Thursday. GATX Co. has a 1 year low of $84.96 and a 1 year high of $118.11. The company has a debt-to-equity ratio of 3.18, a quick ratio of 3.04 and a current ratio of 3.04. The company’s 50 day simple moving average is $108.36 and its 200 day simple moving average is $107.86. The stock has a market capitalization of $3.99 billion, a PE ratio of 26.03 and a beta of 1.05.

GATX (NYSE:GATX – Get Rating) last announced its quarterly earnings data on Tuesday, January 24th. The transportation company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.16. The company had revenue of $322.70 million during the quarter, compared to analysts’ expectations of $327.63 million. GATX had a net margin of 12.25% and a return on equity of 10.87%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.69 EPS. As a group, sell-side analysts expect that GATX Co. will post 6.71 EPS for the current year.

GATX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Friday, March 3rd were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Thursday, March 2nd. This is an increase from GATX’s previous quarterly dividend of $0.52. GATX’s payout ratio is 50.69%.

Insiders Place Their Bets

In other news, SVP Jeffery R. Young sold 216 shares of the business’s stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $117.10, for a total transaction of $25,293.60. Following the completion of the sale, the senior vice president now owns 6,871 shares in the company, valued at approximately $804,594.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other GATX news, CFO Thomas A. Ellman sold 18,900 shares of the firm’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $115.98, for a total value of $2,192,022.00. Following the transaction, the chief financial officer now directly owns 35,361 shares of the company’s stock, valued at $4,101,168.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeffery R. Young sold 216 shares of the company’s stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $117.10, for a total value of $25,293.60. Following the completion of the sale, the senior vice president now directly owns 6,871 shares of the company’s stock, valued at approximately $804,594.10. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

GATX Profile

(Get Rating)

GATX Corp. engages in leasing and owning railcar and fleets in North America, Europe and Asia. It operates through the following segments: Rail North America, Rail International, and Portfolio Management. The Rail North America segment provides railcars pursuant to full-service leases under which it maintains the railcars and provides other ancillary services.