Charles Schwab Investment Management Inc. grew its stake in GATX Co. (NYSE:GATX - Free Report) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 478,214 shares of the transportation company's stock after buying an additional 3,485 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.35% of GATX worth $74,104,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Proficio Capital Partners LLC purchased a new position in GATX in the fourth quarter worth $4,562,000. EULAV Asset Management lifted its stake in GATX by 125.0% during the fourth quarter. EULAV Asset Management now owns 37,800 shares of the transportation company's stock worth $5,857,000 after purchasing an additional 21,000 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of GATX by 209.7% in the 3rd quarter. Citigroup Inc. now owns 29,602 shares of the transportation company's stock worth $3,921,000 after purchasing an additional 20,045 shares in the last quarter. NFJ Investment Group LLC bought a new position in shares of GATX during the 3rd quarter valued at about $2,479,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of GATX by 19.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 92,861 shares of the transportation company's stock valued at $12,299,000 after buying an additional 15,092 shares in the last quarter. Institutional investors own 93.14% of the company's stock.
Insider Buying and Selling at GATX
In other news, VP Robert Zmudka sold 4,800 shares of GATX stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $163.83, for a total transaction of $786,384.00. Following the sale, the vice president now owns 7,493 shares of the company's stock, valued at approximately $1,227,578.19. The trade was a 39.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jeffery R. Young sold 297 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $164.63, for a total transaction of $48,895.11. Following the completion of the transaction, the senior vice president now directly 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 ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.
GATX Trading Up 2.5 %
Shares of NYSE:GATX traded up $3.76 during trading on Friday, reaching $153.70. 146,157 shares of the company traded hands, compared to its average volume of 142,079. The company has a current ratio of 2.77, a quick ratio of 3.41 and a debt-to-equity ratio of 3.37. GATX Co. has a 52-week low of $122.00 and a 52-week high of $168.89. The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of 19.78 and a beta of 1.00. The business's fifty day moving average is $159.99 and its 200-day moving average is $150.80.
GATX (NYSE:GATX - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The transportation company reported $1.93 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the company posted $1.74 earnings per share. As a group, analysts forecast that GATX Co. will post 8.5 EPS for the current year.
GATX Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from GATX's previous quarterly dividend of $0.58. GATX's payout ratio is currently 31.40%.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on GATX shares. Sidoti lowered GATX from a "buy" rating to a "neutral" rating and set a $158.00 target price for the company. in a research note on Wednesday, December 4th. The Goldman Sachs Group began coverage on shares of GATX in a research report on Monday, November 18th. They set a "buy" rating and a $185.00 price target for the company.
Read Our Latest Stock Report on GATX
About GATX
(
Free Report)
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.
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