GATX Co. (NYSE:GATX) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lowered its position in shares of GATX Co. (NYSE:GATX - Free Report) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,321,265 shares of the transportation company's stock after selling 40,540 shares during the quarter. GATX accounts for about 2.1% of Gamco Investors INC. ET AL's investment portfolio, making the stock its 3rd largest position. Gamco Investors INC. ET AL owned approximately 3.72% of GATX worth $204,743,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of GATX. XTX Topco Ltd bought a new stake in GATX during the 4th quarter valued at about $417,000. Barclays PLC grew its holdings in GATX by 24.0% in the fourth quarter. Barclays PLC now owns 83,645 shares of the transportation company's stock worth $12,961,000 after purchasing an additional 16,194 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of GATX by 826.8% during the fourth quarter. Sterling Capital Management LLC now owns 1,140 shares of the transportation company's stock worth $177,000 after acquiring an additional 1,017 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of GATX during the fourth quarter worth $5,391,000. Finally, Shelton Capital Management purchased a new position in shares of GATX in the fourth quarter worth about $220,000. Hedge funds and other institutional investors own 93.14% of the company's stock.

GATX Stock Performance

GATX stock traded down $1.01 during midday trading on Friday, hitting $147.00. 188,495 shares of the company were exchanged, compared to its average volume of 162,528. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.41 and a current ratio of 2.77. The business has a fifty day simple moving average of $155.98 and a two-hundred day simple moving average of $153.46. GATX Co. has a fifty-two week low of $122.00 and a fifty-two week high of $168.89. The firm has a market capitalization of $5.24 billion, a PE ratio of 18.92 and a beta of 1.00.

GATX (NYSE:GATX - Get Free Report) last released its earnings results on Thursday, January 23rd. The transportation company reported $1.93 earnings per share (EPS) for the quarter, topping 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 quarter last year, the business earned $1.74 earnings per share. On average, sell-side analysts forecast 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 was paid on Monday, March 31st. Investors of record on Friday, February 28th were given a $0.61 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from GATX's previous quarterly dividend of $0.58. This represents a $2.44 dividend on an annualized basis and a yield of 1.66%. GATX's payout ratio is 31.40%.

Insider Activity at GATX

In related news, 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 transaction, the senior vice president now owns 7,362 shares in the company, valued at approximately $1,212,006.06. This trade represents a 3.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert Zmudka sold 4,800 shares of the stock in a transaction 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 completion of the sale, the vice president now directly owns 7,493 shares of the company's stock, valued at $1,227,578.19. The trade was a 39.05 % decrease in their position. The disclosure for this sale can be found here. 2.17% of the stock is owned by insiders.

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.