Handelsbanken Fonder AB Has $845,000 Holdings in GATX Co. (NYSE:GATX)

Handelsbanken Fonder AB grew its position in shares of GATX Co. (NYSE:GATX) by 29.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,030 shares of the transportation company’s stock after acquiring an additional 1,600 shares during the quarter. Handelsbanken Fonder AB’s holdings in GATX were worth $845,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in GATX during the 3rd quarter valued at $1,358,000. Linden Thomas Advisory Services LLC bought a new stake in shares of GATX during the third quarter worth about $647,000. Raymond James & Associates raised its holdings in shares of GATX by 4.3% in the 3rd quarter. Raymond James & Associates now owns 30,455 shares of the transportation company’s stock worth $3,314,000 after acquiring an additional 1,252 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in GATX by 8.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,743 shares of the transportation company’s stock valued at $734,000 after acquiring an additional 505 shares in the last quarter. Finally, Park Avenue Securities LLC bought a new position in GATX in the 3rd quarter valued at about $568,000. 93.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other GATX news, CEO Robert C. Lyons sold 19,300 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $125.70, for a total transaction of $2,426,010.00. Following the completion of the transaction, the chief executive officer now directly owns 44,710 shares of the company’s stock, valued at $5,620,047. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other GATX news, CEO Robert C. Lyons sold 19,300 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $125.70, for a total transaction of $2,426,010.00. Following the completion of the transaction, the chief executive officer now owns 44,710 shares in the company, valued at $5,620,047. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kevin Hillesland sold 2,200 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $133.83, for a total transaction of $294,426.00. Following the completion of the sale, the senior vice president now directly owns 7,711 shares in the company, valued at approximately $1,031,963.13. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,694 shares of company stock valued at $2,744,936. 1.99% of the stock is owned by company insiders.

GATX Stock Performance

GATX stock opened at $125.75 on Tuesday. The business has a 50 day moving average of $129.77 and a 200-day moving average of $120.45. The firm has a market cap of $4.47 billion, a PE ratio of 17.91 and a beta of 0.98. GATX Co. has a 12-month low of $97.21 and a 12-month high of $135.65. The company has a quick ratio of 2.79, a current ratio of 3.39 and a debt-to-equity ratio of 3.28.

GATX (NYSE:GATX) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.29. The firm had revenue of $379.90 million during the quarter, compared to analyst estimates of $375.80 million. GATX had a return on equity of 11.29% and a net margin of 17.64%. The business’s revenue was up 12.1% compared to the same quarter last year. During the same period last year, the firm posted $2.20 EPS. As a group, sell-side analysts expect that GATX Co. will post 7.55 earnings per share for the current year.

GATX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 30th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.32 annualized dividend and a dividend yield of 1.85%. GATX’s payout ratio is currently 33.05%.

Analyst Ratings Changes

Several analysts have recently commented on the company. TD Cowen increased their price objective on GATX from $122.00 to $136.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 24th. Susquehanna raised their price objective on GATX from $120.00 to $122.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Finally, Wells Fargo & Company upped their target price on shares of GATX from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th.

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.