GATX Co. (NYSE:GATX) Stock Holdings Lessened by Fifth Third Bancorp

Fifth Third Bancorp lowered its holdings in shares of GATX Co. (NYSE:GATX - Free Report) by 22.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,438 shares of the transportation company's stock after selling 7,522 shares during the period. Fifth Third Bancorp owned about 0.07% of GATX worth $4,097,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. HighTower Advisors LLC grew its holdings in GATX by 0.6% in the third quarter. HighTower Advisors LLC now owns 10,692 shares of the transportation company's stock valued at $1,418,000 after purchasing an additional 68 shares during the period. UMB Bank n.a. grew its holdings in GATX by 91.8% in the fourth quarter. UMB Bank n.a. now owns 163 shares of the transportation company's stock valued at $25,000 after purchasing an additional 78 shares during the period. CWM LLC grew its holdings in GATX by 20.2% in the third quarter. CWM LLC now owns 487 shares of the transportation company's stock valued at $65,000 after purchasing an additional 82 shares during the period. Integrated Investment Consultants LLC grew its holdings in GATX by 2.1% in the fourth quarter. Integrated Investment Consultants LLC now owns 3,907 shares of the transportation company's stock valued at $605,000 after purchasing an additional 82 shares during the period. Finally, Franklin Resources Inc. grew its holdings in GATX by 5.9% in the third quarter. Franklin Resources Inc. now owns 2,846 shares of the transportation company's stock valued at $385,000 after purchasing an additional 158 shares during the period. Institutional investors and hedge funds own 93.14% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of GATX in a report on Monday, November 18th. They issued a "buy" rating and a $185.00 target price for the company. Sidoti downgraded shares of GATX from a "buy" rating to a "neutral" rating and set a $158.00 price objective for the company. in a research note on Wednesday, December 4th. Finally, Susquehanna boosted their price objective on shares of GATX from $122.00 to $140.00 and gave the stock a "neutral" rating in a research note on Monday, October 21st.

GATX Stock Down 0.8 %

Shares of GATX stock traded down $1.34 on Friday, hitting $165.40. The stock had a trading volume of 146,939 shares, compared to its average volume of 152,937. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of 21.29 and a beta of 0.99. The stock's 50 day moving average is $158.68 and its 200-day moving average is $145.94. 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 Co. has a 52-week low of $120.14 and a 52-week high of $168.29.

GATX (NYSE:GATX - Get Free Report) last announced its 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 period in the prior year, the firm earned $1.74 earnings per share. As a group, research analysts expect that GATX Co. will post 8.5 earnings per share 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 issued a $0.61 dividend. This is a boost from GATX's previous quarterly dividend of $0.58. This represents a $2.44 annualized dividend and a yield of 1.48%. GATX's dividend payout ratio is currently 29.86%.

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.