JPMorgan Chase & Co. grew its position in GATX Co. (NYSE:GATX - Free Report) by 81.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 168,747 shares of the transportation company's stock after purchasing an additional 75,886 shares during the quarter. JPMorgan Chase & Co. owned about 0.48% of GATX worth $26,149,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of GATX by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 3,949,889 shares of the transportation company's stock valued at $612,075,000 after acquiring an additional 17,885 shares during the period. LPL Financial LLC raised its stake in GATX by 13.8% in the 4th quarter. LPL Financial LLC now owns 13,831 shares of the transportation company's stock worth $2,143,000 after purchasing an additional 1,679 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in GATX in the 4th quarter worth about $1,100,000. Sei Investments Co. boosted its holdings in GATX by 6.6% in the 4th quarter. Sei Investments Co. now owns 902,691 shares of the transportation company's stock valued at $139,881,000 after purchasing an additional 56,041 shares during the period. Finally, American Century Companies Inc. grew its position in shares of GATX by 12.1% during the 4th quarter. American Century Companies Inc. now owns 1,099,447 shares of the transportation company's stock worth $170,370,000 after purchasing an additional 118,306 shares in the last quarter. 93.14% of the stock is owned by institutional investors and hedge funds.
GATX Stock Performance
Shares of GATX traded up $1.27 during mid-day trading on Friday, hitting $147.97. 179,537 shares of the company's stock were exchanged, compared to its average volume of 161,103. The company has a quick ratio of 3.41, a current ratio of 2.77 and a debt-to-equity ratio of 3.37. GATX Co. has a 52 week low of $122.00 and a 52 week high of $168.89. The stock's 50-day simple moving average is $157.39 and its 200-day simple moving average is $153.33. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 19.04 and a beta of 1.00.
GATX (NYSE:GATX - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The transportation company reported $1.93 EPS for the quarter, beating 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 firm earned $1.74 earnings per share. On average, equities research analysts expect that GATX Co. will post 8.5 EPS for the current year.
GATX Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from GATX's previous quarterly dividend of $0.58. GATX's payout ratio is currently 31.40%.
Insiders Place Their Bets
In other news, VP Robert Zmudka sold 4,800 shares of the company's stock in a transaction on 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 transaction, the vice president now directly owns 7,493 shares in the company, valued at approximately $1,227,578.19. This represents a 39.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeffery R. Young sold 297 shares of the stock in a transaction on Wednesday, February 5th. The shares were 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 owns 7,362 shares of the company's stock, valued at $1,212,006.06. The trade was a 3.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.17% of the company's stock.
GATX Company Profile
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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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