Raymond James Financial Inc. Makes New Investment in GATX Co. (NYSE:GATX)

Raymond James Financial Inc. bought a new position in GATX Co. (NYSE:GATX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 34,788 shares of the transportation company's stock, valued at approximately $5,391,000. Raymond James Financial Inc. owned 0.10% of GATX as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of GATX. Arizona State Retirement System grew its holdings in GATX by 0.8% in the 4th quarter. Arizona State Retirement System now owns 9,816 shares of the transportation company's stock valued at $1,521,000 after buying an additional 77 shares during the period. Proficio Capital Partners LLC purchased a new stake in GATX in the fourth quarter valued at approximately $4,562,000. M&T Bank Corp increased its position in GATX by 7.7% during the fourth quarter. M&T Bank Corp now owns 2,497 shares of the transportation company's stock worth $387,000 after purchasing an additional 178 shares during the last quarter. Atria Investments Inc raised its stake in GATX by 1.2% during the fourth quarter. Atria Investments Inc now owns 15,429 shares of the transportation company's stock worth $2,391,000 after purchasing an additional 181 shares during the period. Finally, Assetmark Inc. boosted its holdings in shares of GATX by 60.4% in the 4th quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock valued at $28,000 after purchasing an additional 67 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other GATX news, VP Robert Zmudka sold 4,800 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $163.83, for a total value of $786,384.00. Following the completion of the transaction, the vice president now directly owns 7,493 shares of the company's stock, valued at $1,227,578.19. This represents a 39.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jeffery R. Young sold 297 shares of GATX stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $164.63, for a total value of $48,895.11. Following the sale, the senior vice president now directly owns 7,362 shares in the company, valued at approximately $1,212,006.06. The trade was a 3.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.17% of the company's stock.

Remove Ads

GATX Trading Down 2.1 %

NYSE GATX traded down $3.27 during mid-day trading on Friday, hitting $155.94. The company's stock had a trading volume of 103,391 shares, compared to its average volume of 156,033. The firm has a market capitalization of $5.56 billion, a P/E ratio of 20.07 and a beta of 1.00. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.77 and a quick ratio of 3.41. GATX Co. has a 52-week low of $122.00 and a 52-week high of $168.89. The stock's fifty day simple moving average is $160.81 and its two-hundred day simple moving average is $152.39.

GATX (NYSE:GATX - Get Free Report) last issued its earnings results on Thursday, January 23rd. The transportation company reported $1.93 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.25. GATX had a net margin of 17.92% and a return on equity of 12.07%. During the same period in the prior year, the firm posted $1.74 EPS. Research analysts expect that GATX Co. will post 8.5 EPS for the current year.

GATX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a $0.61 dividend. This is an increase from GATX's previous quarterly dividend of $0.58. The ex-dividend date is Friday, February 28th. This represents a $2.44 annualized dividend and a dividend yield of 1.56%. GATX's dividend payout ratio is presently 31.40%.

Wall Street Analysts Forecast Growth

Separately, Sidoti lowered GATX from a "buy" rating to a "neutral" rating and set a $158.00 target price on the stock. in a research report on Wednesday, December 4th.

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.