Bank of New York Mellon Corp Sells 4,453 Shares of GATX Co. (NYSE:GATX)

Bank of New York Mellon Corp cut its position in GATX Co. (NYSE:GATX - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 314,583 shares of the transportation company's stock after selling 4,453 shares during the period. Bank of New York Mellon Corp owned about 0.89% of GATX worth $48,748,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bradley Foster & Sargent Inc. CT acquired a new stake in shares of GATX during the fourth quarter worth $252,000. Handelsbanken Fonder AB raised its holdings in shares of GATX by 8.4% during the fourth quarter. Handelsbanken Fonder AB now owns 9,030 shares of the transportation company's stock worth $1,399,000 after acquiring an additional 700 shares during the period. New York State Common Retirement Fund raised its holdings in shares of GATX by 2.9% during the fourth quarter. New York State Common Retirement Fund now owns 183,722 shares of the transportation company's stock worth $28,470,000 after acquiring an additional 5,163 shares during the period. Venturi Wealth Management LLC acquired a new stake in shares of GATX during the fourth quarter worth $241,000. Finally, Pinnacle Wealth Management Advisory Group LLC acquired a new stake in shares of GATX during the fourth quarter worth $217,000. 93.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GATX has been the topic of a number of research analyst reports. The Goldman Sachs Group initiated coverage on shares of GATX in a report on Monday, November 18th. They set a "buy" rating and a $185.00 price objective on the stock. Sidoti lowered 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.

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GATX Stock Down 1.3 %

GATX stock traded down $2.00 during mid-day trading on Friday, reaching $154.78. The company's stock had a trading volume of 148,653 shares, compared to its average volume of 140,808. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of 19.92 and a beta of 1.00. GATX Co. has a 12 month low of $122.00 and a 12 month high of $168.89. The business's 50 day simple moving average is $160.21 and its 200 day simple moving average is $150.46. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.41 and a current ratio of 2.77.

GATX (NYSE:GATX - Get Free Report) last released its earnings results on Thursday, January 23rd. The transportation company reported $1.93 earnings per share 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 company earned $1.74 earnings per share. As a group, research analysts anticipate that GATX Co. will post 8.5 earnings per share for the current year.

GATX Increases Dividend

The company also recently disclosed 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 represents a $2.44 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Friday, February 28th. This is an increase from GATX's previous quarterly dividend of $0.58. GATX's dividend payout ratio (DPR) is 31.40%.

Insider Activity

In related news, SVP Jeffery R. Young sold 297 shares of GATX stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $164.63, for a total transaction of $48,895.11. Following the completion of the sale, the senior vice president now owns 7,362 shares of the company's stock, valued at approximately $1,212,006.06. The trade was a 3.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Robert Zmudka sold 4,800 shares of GATX stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $163.83, for a total transaction of $786,384.00. Following the sale, the vice president now directly owns 7,493 shares of the company's stock, valued at $1,227,578.19. The trade was a 39.05 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

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.