Dana Investment Advisors Inc. lessened its stake in GATX Co. (NYSE:GATX - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,312 shares of the transportation company's stock after selling 2,835 shares during the quarter. Dana Investment Advisors Inc. owned approximately 0.14% of GATX worth $7,641,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Assetmark Inc. raised its stake 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. HighTower Advisors LLC grew its position 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 worth $1,418,000 after acquiring an additional 68 shares in the last quarter. Savant Capital LLC increased its holdings in shares of GATX by 4.6% in the 4th quarter. Savant Capital LLC now owns 1,584 shares of the transportation company's stock valued at $245,000 after acquiring an additional 69 shares during the last quarter. Principal Securities Inc. raised its position in shares of GATX by 9.0% during the 4th quarter. Principal Securities Inc. now owns 919 shares of the transportation company's stock valued at $142,000 after acquiring an additional 76 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in 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. Institutional investors own 93.14% of the company's stock.
Analysts Set New Price Targets
GATX has been the subject of several recent research reports. Sidoti lowered shares of GATX from a "buy" rating to a "neutral" rating and set a $158.00 target price for the company. in a research note on Wednesday, December 4th. The Goldman Sachs Group began coverage on shares of GATX in a research report on Monday, November 18th. They set a "buy" rating and a $185.00 price objective for the company.
Get Our Latest Stock Report on GATX
GATX Stock Performance
GATX traded down $2.00 during trading on Friday, reaching $154.78. 148,653 shares of the company were exchanged, compared to its average volume of 140,808. GATX Co. has a 52 week low of $122.00 and a 52 week high of $168.89. The company has a current ratio of 2.77, a quick ratio of 3.41 and a debt-to-equity ratio of 3.37. The firm has a 50 day moving average of $160.21 and a 200 day moving average of $150.46. The stock has a market cap of $5.51 billion, a P/E ratio of 19.92 and a beta of 1.00.
GATX (NYSE:GATX - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The transportation company reported $1.93 EPS for the quarter, topping 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 quarter last year, the company earned $1.74 earnings per share. On average, sell-side analysts forecast 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. Stockholders of record on Friday, February 28th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from GATX's previous quarterly dividend of $0.58. GATX's payout ratio is 31.40%.
Insider Transactions at GATX
In related news, SVP Jeffery R. Young sold 297 shares of GATX stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $164.63, for a total transaction of $48,895.11. Following the sale, the senior vice president now directly owns 7,362 shares in the company, valued at $1,212,006.06. The trade was a 3.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the vice president now owns 7,493 shares of the company's stock, valued at $1,227,578.19. This represents a 39.05 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.80% 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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