GATX Co. (NYSE:GATX) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. boosted its stake in shares of GATX Co. (NYSE:GATX - Free Report) by 12.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,099,447 shares of the transportation company's stock after purchasing an additional 118,306 shares during the period. American Century Companies Inc. owned approximately 3.10% of GATX worth $170,370,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. UMB Bank n.a. grew its holdings in shares of GATX by 91.8% during the 4th quarter. UMB Bank n.a. now owns 163 shares of the transportation company's stock worth $25,000 after purchasing an additional 78 shares during the period. Assetmark Inc. lifted its position in GATX by 60.4% during the fourth quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock valued at $28,000 after buying an additional 67 shares in the last quarter. Versant Capital Management Inc grew its stake in GATX by 184.6% during the fourth quarter. Versant Capital Management Inc now owns 259 shares of the transportation company's stock worth $40,000 after buying an additional 168 shares during the period. Compagnie Lombard Odier SCmA acquired a new stake in shares of GATX in the fourth quarter worth $46,000. Finally, Mather Group LLC. raised its stake in shares of GATX by 36.0% in the 4th quarter. Mather Group LLC. now owns 423 shares of the transportation company's stock valued at $66,000 after acquiring an additional 112 shares during the period. Institutional investors and hedge funds own 93.14% of the company's stock.

Insider Activity at GATX

In related 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 value of $786,384.00. Following the sale, the vice president now directly owns 7,493 shares of the company's stock, valued at $1,227,578.19. This represents a 39.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jeffery R. Young sold 297 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $164.63, for a total transaction of $48,895.11. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 2.17% of the stock is currently owned by company insiders.

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Analysts Set New Price Targets

Separately, Sidoti cut shares of GATX from a "buy" rating to a "neutral" rating and set a $158.00 price target for the company. in a research report on Wednesday, December 4th.

GATX Stock Down 0.4 %

GATX stock traded down $0.59 during midday trading on Wednesday, hitting $158.43. 131,465 shares of the company were exchanged, compared to its average volume of 148,662. 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 fifty-two week low of $122.00 and a fifty-two week high of $168.89. The company's fifty day moving average price is $160.69 and its 200-day moving average price is $152.04. The company has a market cap of $5.65 billion, a PE ratio of 20.39 and a beta of 1.00.

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. On average, research analysts predict that GATX Co. will post 8.5 EPS for the current fiscal year.

GATX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a $0.61 dividend. This is a boost from GATX's previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.44 annualized dividend and a dividend yield of 1.54%. GATX's payout ratio is 31.40%.

GATX Company 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.