Geode Capital Management LLC Decreases Position in GATX Co. (NYSE:GATX)

Geode Capital Management LLC lessened its stake in shares of GATX Co. (NYSE:GATX - Free Report) by 0.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 844,434 shares of the transportation company's stock after selling 5,169 shares during the quarter. Geode Capital Management LLC owned about 2.38% of GATX worth $130,883,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake in GATX by 91.8% during the fourth quarter. UMB Bank n.a. now owns 163 shares of the transportation company's stock valued at $25,000 after buying an additional 78 shares during the period. Assetmark Inc. lifted its position 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 last quarter. Brown Brothers Harriman & Co. purchased a new stake in GATX in the fourth quarter worth approximately $39,000. Versant Capital Management Inc grew its position in GATX by 184.6% during the fourth quarter. Versant Capital Management Inc now owns 259 shares of the transportation company's stock valued at $40,000 after acquiring an additional 168 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA purchased a new position in shares of GATX during the fourth quarter worth approximately $46,000. Hedge funds and other institutional investors own 93.14% of the company's stock.

Insider Transactions at GATX

In other GATX news, SVP Jeffery R. Young sold 297 shares of the company's stock in a transaction that occurred 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 owns 7,362 shares in the company, valued at approximately $1,212,006.06. This represents a 3.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert Zmudka sold 4,800 shares of the company's stock in a transaction on 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 sale, the vice president now directly owns 7,493 shares in the company, valued at approximately $1,227,578.19. The trade was a 39.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.17% of the company's stock.

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GATX Trading Up 0.5 %

GATX stock traded up $0.74 during mid-day trading on Monday, hitting $148.75. The company's stock had a trading volume of 8,665 shares, compared to its average volume of 160,529. The business has a 50 day moving average price of $157.39 and a 200-day moving average price of $153.33. GATX Co. has a 12 month low of $122.00 and a 12 month high of $168.89. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 19.14 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 (NYSE:GATX - Get Free Report) last announced its quarterly 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 previous year, the company posted $1.74 EPS. As a group, analysts forecast that GATX Co. will post 8.5 EPS for the current year.

GATX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were issued a $0.61 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.44 annualized dividend and a yield of 1.64%. This is a boost from GATX's previous quarterly dividend of $0.58. GATX's dividend payout ratio (DPR) 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.