Kingswood Wealth Advisors LLC Invests $1.25 Million in GATX Co. (NYSE:GATX)

Kingswood Wealth Advisors LLC acquired a new stake in shares of GATX Co. (NYSE:GATX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,073 shares of the transportation company’s stock, valued at approximately $1,251,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. State Street Corp increased its position in GATX by 0.6% in the 3rd quarter. State Street Corp now owns 1,294,895 shares of the transportation company’s stock valued at $171,509,000 after buying an additional 7,585 shares in the last quarter. Geode Capital Management LLC grew its stake in GATX by 1.5% in the third quarter. Geode Capital Management LLC now owns 849,603 shares of the transportation company’s stock valued at $112,550,000 after acquiring an additional 12,571 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of GATX by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 474,729 shares of the transportation company’s stock valued at $62,878,000 after acquiring an additional 17,255 shares in the last quarter. Natixis Advisors LLC raised its position in shares of GATX by 2.2% during the third quarter. Natixis Advisors LLC now owns 167,651 shares of the transportation company’s stock worth $22,206,000 after purchasing an additional 3,580 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of GATX by 19.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 92,861 shares of the transportation company’s stock worth $12,299,000 after purchasing an additional 15,092 shares in the last quarter. Institutional investors own 93.14% of the company’s stock.

GATX Trading Down 1.2 %

NYSE GATX opened at $165.36 on Tuesday. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 3.41. The business has a fifty day simple moving average of $158.06 and a 200 day simple moving average of $145.51. GATX Co. has a 12 month low of $120.14 and a 12 month high of $168.29. The firm has a market capitalization of $5.87 billion, a P/E ratio of 22.11 and a beta of 0.99.

GATX (NYSE:GATX) last announced its earnings results on Thursday, January 23rd. The transportation company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.68 by $0.25. GATX had a net margin of 17.76% and a return on equity of 11.98%. During the same period in the prior year, the company earned $1.74 earnings per share. On average, analysts predict that GATX Co. will post 7.6 EPS for the current fiscal year.

Analysts Set New Price Targets

GATX has been the topic of several research reports. Sidoti downgraded shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 price objective on the stock. in a report on Wednesday, December 4th. Susquehanna upped their target price on shares of GATX from $122.00 to $140.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Finally, The Goldman Sachs Group assumed coverage on shares of GATX in a research report on Monday, November 18th. They issued a “buy” rating and a $185.00 price target on the stock.

About GATX

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.