5,269 Shares in GATX Co. (NYSE:GATX) Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of GATX Co. (NYSE:GATX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,269 shares of the transportation company's stock, valued at approximately $816,000.

Several other institutional investors also recently modified their holdings of the business. UMB Bank n.a. raised its stake in GATX by 91.8% during the 4th quarter. UMB Bank n.a. now owns 163 shares of the transportation company's stock valued at $25,000 after buying an additional 78 shares during the last quarter. Assetmark Inc. grew its holdings in shares of GATX by 60.4% in the fourth quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock worth $28,000 after acquiring an additional 67 shares during the period. Versant Capital Management Inc lifted its holdings in GATX by 184.6% in the fourth quarter. Versant Capital Management Inc now owns 259 shares of the transportation company's stock valued at $40,000 after acquiring an additional 168 shares during the period. Compagnie Lombard Odier SCmA purchased a new position in GATX in the fourth quarter worth about $46,000. Finally, Mather Group LLC. grew its stake in shares of GATX by 36.0% during the 4th quarter. Mather Group LLC. now owns 423 shares of the transportation company's stock valued at $66,000 after purchasing an additional 112 shares during the period. 93.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Robert Zmudka sold 4,800 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $163.83, for a total transaction of $786,384.00. Following the transaction, the vice president now owns 7,493 shares of the company's stock, valued at approximately $1,227,578.19. This represents a 39.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Jeffery R. Young sold 297 shares of GATX stock in a transaction on 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 owns 7,362 shares of the company's stock, valued at approximately $1,212,006.06. This trade represents 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 owned by insiders.

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Analysts Set New Price Targets

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

GATX Price Performance

Shares of GATX stock traded up $0.92 during trading on Tuesday, reaching $159.00. 147,686 shares of the stock traded hands, compared to its average volume of 148,310. 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 capitalization of $5.67 billion, a price-to-earnings ratio of 20.46 and a beta of 1.00. GATX Co. has a 52-week low of $122.00 and a 52-week high of $168.89. The business has a fifty day simple moving average of $160.49 and a two-hundred day simple moving average of $151.81.

GATX (NYSE:GATX - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The transportation company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business posted $1.74 EPS. Sell-side analysts expect that GATX Co. will post 8.5 EPS for the current year.

GATX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a $0.61 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from GATX's previous quarterly dividend of $0.58. This represents a $2.44 dividend on an annualized basis and a yield of 1.53%. GATX's dividend payout ratio (DPR) is currently 31.40%.

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.