Intech Investment Management LLC Buys 8,673 Shares of GATX Co. (NYSE:GATX)

Intech Investment Management LLC raised its position in shares of GATX Co. (NYSE:GATX - Free Report) by 150.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,425 shares of the transportation company's stock after purchasing an additional 8,673 shares during the period. Intech Investment Management LLC's holdings in GATX were worth $2,235,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of GATX. Raymond James Financial Inc. bought a new position in shares of GATX during the 4th quarter worth $5,391,000. Proficio Capital Partners LLC bought a new position in GATX during the fourth quarter worth about $4,562,000. EULAV Asset Management increased its stake in shares of GATX by 125.0% in the fourth quarter. EULAV Asset Management now owns 37,800 shares of the transportation company's stock worth $5,857,000 after purchasing an additional 21,000 shares in the last quarter. Citigroup Inc. raised its position in shares of GATX by 209.7% in the third quarter. Citigroup Inc. now owns 29,602 shares of the transportation company's stock valued at $3,921,000 after purchasing an additional 20,045 shares during the period. Finally, NFJ Investment Group LLC purchased a new stake in shares of GATX during the 3rd quarter valued at approximately $2,479,000. 93.14% of the stock is owned by hedge funds and other institutional investors.

GATX Price Performance

NYSE GATX traded up $0.92 during trading hours on Tuesday, hitting $159.00. The company had a trading volume of 147,686 shares, compared to its average volume of 148,310. The firm has a 50 day simple moving average of $160.49 and a 200 day simple moving average of $151.81. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.41 and a current ratio of 2.77. GATX Co. has a 52 week low of $122.00 and a 52 week high of $168.89. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 20.46 and a beta of 1.00.

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GATX (NYSE:GATX - Get Free Report) last posted its earnings results on Thursday, January 23rd. The transportation company reported $1.93 earnings per share (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 period in the previous year, the firm posted $1.74 EPS. Equities research analysts expect that GATX Co. will post 8.5 earnings per share for the current year.

GATX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Friday, February 28th. This is a boost from GATX's previous quarterly dividend of $0.58. GATX's payout ratio is currently 31.40%.

Insider Activity at GATX

In other news, SVP Jeffery R. Young sold 297 shares of the 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 completion of the sale, the senior vice president now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

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

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.