Innealta Capital LLC Acquires New Stake in GATX Co. (NYSE:GATX)

Innealta Capital LLC acquired a new stake in shares of GATX Co. (NYSE:GATX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 616 shares of the transportation company’s stock, valued at approximately $82,000.

Several other large investors also recently added to or reduced their stakes in GATX. Handelsbanken Fonder AB boosted its stake in GATX by 29.5% during the fourth quarter. Handelsbanken Fonder AB now owns 7,030 shares of the transportation company’s stock valued at $845,000 after buying an additional 1,600 shares during the period. GAMMA Investing LLC bought a new stake in GATX during the fourth quarter worth about $32,000. Yousif Capital Management LLC lifted its stake in GATX by 0.6% during the fourth quarter. Yousif Capital Management LLC now owns 16,574 shares of the transportation company’s stock worth $1,993,000 after purchasing an additional 96 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in GATX by 12.1% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 23,309 shares of the transportation company’s stock worth $2,802,000 after purchasing an additional 2,510 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its stake in GATX by 0.6% during the fourth quarter. Retirement Systems of Alabama now owns 44,462 shares of the transportation company’s stock worth $5,345,000 after purchasing an additional 262 shares during the last quarter. Institutional investors own 93.14% of the company’s stock.

GATX Price Performance

GATX stock traded up $1.13 during mid-day trading on Friday, hitting $141.10. 120,659 shares of the stock were exchanged, compared to its average volume of 151,798. The company has a debt-to-equity ratio of 3.52, a current ratio of 4.97 and a quick ratio of 4.97. The business has a fifty day moving average price of $137.42 and a 200 day moving average price of $133.19. GATX Co. has a 12 month low of $97.21 and a 12 month high of $151.33. The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of 19.81 and a beta of 0.96.

GATX (NYSE:GATX) last released its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.43 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.39). The company had revenue of $386.70 million during the quarter, compared to analysts’ expectations of $385.45 million. GATX had a return on equity of 10.61% and a net margin of 15.86%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.73 EPS. On average, sell-side analysts anticipate that GATX Co. will post 7.5 EPS for the current year.

GATX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.58 dividend. The ex-dividend date is Friday, September 13th. This represents a $2.32 annualized dividend and a dividend yield of 1.64%. GATX’s dividend payout ratio is currently 33.05%.

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.