Gabelli Funds LLC Sells 19,750 Shares of GATX Co. (NYSE:GATX)

Gabelli Funds LLC cut its holdings in GATX Co. (NYSE:GATX - Free Report) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,007,150 shares of the transportation company's stock after selling 19,750 shares during the quarter. GATX makes up 1.2% of Gabelli Funds LLC's holdings, making the stock its 9th biggest holding. Gabelli Funds LLC owned approximately 2.84% of GATX worth $156,068,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. boosted its stake in shares of GATX by 91.8% in the 4th quarter. UMB Bank n.a. now owns 163 shares of the transportation company's stock worth $25,000 after buying an additional 78 shares during the last quarter. Assetmark Inc. grew its position in GATX by 60.4% during the fourth quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock worth $28,000 after buying an additional 67 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of GATX in the fourth quarter worth approximately $39,000. Versant Capital Management Inc lifted its holdings in shares of GATX by 184.6% during the 4th quarter. Versant Capital Management Inc now owns 259 shares of the transportation company's stock worth $40,000 after acquiring an additional 168 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA purchased a new position in shares of GATX in the 4th quarter worth about $46,000. Institutional investors and hedge funds own 93.14% of the company's stock.

GATX Trading Down 0.7 %

GATX stock traded down $1.01 during midday trading on Friday, hitting $147.00. The company had a trading volume of 188,495 shares, compared to its average volume of 162,535. The stock's 50 day moving average price is $155.98 and its 200 day moving average price is $153.46. GATX Co. has a 52 week low of $122.00 and a 52 week high of $168.89. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 18.92 and a beta of 1.00. 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 (NYSE:GATX - Get Free Report) last posted its quarterly earnings results 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 period last year, the firm posted $1.74 earnings per share. As a group, equities research analysts expect that GATX Co. will post 8.5 earnings per share for the current fiscal year.

GATX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.66%. This is a boost from GATX's previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Friday, February 28th. GATX's payout ratio is 31.40%.

Insider Activity at GATX

In other GATX news, VP Robert Zmudka sold 4,800 shares of the 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 completion of the sale, the vice president now directly 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 hyperlink. Also, SVP Jeffery R. Young sold 297 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $164.63, for a total value 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. This represents a 3.88 % decrease in their position. The disclosure for this sale can be found here. 2.17% of the stock is owned by insiders.

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.