Vanguard Group Inc. grew its position in GATX Co. (NYSE:GATX - Free Report) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,949,889 shares of the transportation company's stock after purchasing an additional 17,885 shares during the period. Vanguard Group Inc. owned approximately 11.13% of GATX worth $612,075,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Assetmark Inc. increased its holdings in GATX by 60.4% in the 4th quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock worth $28,000 after buying an additional 67 shares during the period. HighTower Advisors LLC boosted its holdings in shares of GATX by 0.6% in the 3rd quarter. HighTower Advisors LLC now owns 10,692 shares of the transportation company's stock valued at $1,418,000 after acquiring an additional 68 shares during the last quarter. Savant Capital LLC increased its stake in shares of GATX by 4.6% in the fourth quarter. Savant Capital LLC now owns 1,584 shares of the transportation company's stock worth $245,000 after acquiring an additional 69 shares during the period. Principal Securities Inc. increased its stake in shares of GATX by 9.0% in the fourth quarter. Principal Securities Inc. now owns 919 shares of the transportation company's stock worth $142,000 after acquiring an additional 76 shares during the period. Finally, Arizona State Retirement System raised its holdings in shares of GATX by 0.8% during the fourth quarter. Arizona State Retirement System now owns 9,816 shares of the transportation company's stock worth $1,521,000 after purchasing an additional 77 shares during the last quarter. 93.14% of the stock is currently owned by hedge funds and other institutional investors.
GATX Stock Performance
NYSE:GATX traded down $2.79 during mid-day trading on Friday, hitting $145.66. The company's stock had a trading volume of 435,828 shares, compared to its average volume of 157,773. The business's fifty day moving average is $160.21 and its two-hundred day moving average is $152.84. The stock 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 debt-to-equity ratio of 3.37, a current ratio of 2.77 and a quick ratio of 3.41. GATX Co. has a 1 year low of $122.00 and a 1 year high of $168.89.
GATX (NYSE:GATX - Get Free Report) last issued its earnings results on Thursday, January 23rd. The transportation company reported $1.93 EPS for the quarter, topping 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 period in the prior year, the business earned $1.74 EPS. Analysts anticipate 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. Stockholders of record on Friday, February 28th were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.68%. This is a positive change 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 related news, VP Robert Zmudka sold 4,800 shares of GATX stock in a transaction dated Tuesday, February 4th. The stock was 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 in the company, valued at $1,227,578.19. The trade was a 39.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeffery R. Young sold 297 shares of the company'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 transaction, the senior vice president now directly owns 7,362 shares of the company's stock, valued at $1,212,006.06. The trade was a 3.88 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.17% of the company's stock.
About GATX
(
Free Report)
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.
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