Clearbridge Investments LLC Cuts Position in GATX Co. (NYSE:GATX)

Clearbridge Investments LLC cut its position in shares of GATX Co. (NYSE:GATX - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 264,463 shares of the transportation company's stock after selling 8,137 shares during the quarter. Clearbridge Investments LLC owned 0.74% of GATX worth $40,981,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of GATX by 19.4% in the third 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. State Street Corp increased its holdings in GATX by 0.6% during the 3rd quarter. State Street Corp now owns 1,294,895 shares of the transportation company's stock valued at $171,509,000 after acquiring an additional 7,585 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in GATX by 44.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 40,031 shares of the transportation company's stock worth $6,085,000 after acquiring an additional 12,342 shares during the last quarter. Bradley Foster & Sargent Inc. CT acquired a new position in GATX during the fourth quarter worth about $252,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of GATX by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 478,214 shares of the transportation company's stock valued at $74,104,000 after purchasing an additional 3,485 shares in the last quarter. 93.14% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at GATX

In other GATX news, SVP Jeffery R. Young sold 297 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $164.63, for a total transaction of $48,895.11. Following the transaction, the senior vice president now owns 7,362 shares of the company's stock, valued at $1,212,006.06. This represents a 3.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Robert Zmudka sold 4,800 shares of the company's stock in a transaction on 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 owns 7,493 shares of the company's stock, valued at $1,227,578.19. The trade was a 39.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.17% of the stock is owned by insiders.

GATX Price Performance

Shares of GATX traded down $2.79 during mid-day trading on Friday, reaching $145.66. 435,828 shares of the company's stock were exchanged, compared to its average volume of 157,946. The company has a quick ratio of 3.41, a current ratio of 2.77 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 company has a market cap of $5.20 billion, a price-to-earnings ratio of 18.75 and a beta of 1.00. The company has a 50-day simple moving average of $160.21 and a two-hundred day simple moving average of $153.05.

GATX (NYSE:GATX - Get Free Report) last announced 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 return on equity of 12.07% and a net margin of 17.92%. During the same quarter in the previous year, the firm posted $1.74 EPS. On average, sell-side analysts predict that GATX Co. will post 8.5 EPS for the current fiscal year.

GATX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were paid a $0.61 dividend. This is an increase from GATX's previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.44 annualized dividend and a yield of 1.68%. GATX's payout ratio is presently 31.40%.

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.