Cibc World Markets Corp Makes New Investment in GATX Co. (NYSE:GATX)

Cibc World Markets Corp acquired a new position in shares of GATX Co. (NYSE:GATX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,339 shares of the transportation company's stock, valued at approximately $517,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in GATX by 19.4% in the third 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 during the period. State Street Corp lifted its holdings in GATX by 0.6% during the third quarter. State Street Corp now owns 1,294,895 shares of the transportation company's stock worth $171,509,000 after acquiring an additional 7,585 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in GATX by 44.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 40,031 shares of the transportation company's stock valued at $6,085,000 after acquiring an additional 12,342 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of GATX by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 474,729 shares of the transportation company's stock worth $62,878,000 after acquiring an additional 17,255 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT acquired a new stake in shares of GATX during the fourth quarter worth about $252,000. 93.14% of the stock is owned by institutional investors.

Insider Buying and Selling at GATX

In other GATX news, VP Robert Zmudka sold 4,800 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $163.83, for a total value of $786,384.00. Following 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Jeffery R. Young sold 297 shares of the business's 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 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 position. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

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Analyst Upgrades and Downgrades

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

GATX Stock Down 0.4 %

NYSE:GATX traded down $0.59 on Wednesday, hitting $158.43. 131,465 shares of the company's stock were exchanged, compared to its average volume of 148,432. The firm has a 50-day moving average price of $160.60 and a 200-day moving average price of $151.99. GATX Co. has a 52 week low of $122.00 and a 52 week high of $168.89. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.77 and a quick ratio of 3.41. The company has a market cap of $5.65 billion, a P/E ratio of 20.39 and a beta of 1.00.

GATX (NYSE:GATX - Get Free Report) last announced its quarterly earnings data 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 earnings per share. As a group, analysts expect that GATX Co. will post 8.5 EPS for the current fiscal 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 paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from GATX's previous quarterly dividend of $0.58. GATX's dividend payout ratio is 31.40%.

GATX 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.