Legato Capital Management LLC Makes New Investment in GATX Co. (NYSE:GATX)

Legato Capital Management LLC acquired a new stake in GATX Co. (NYSE:GATX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,839 shares of the transportation company's stock, valued at approximately $595,000.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of GATX by 19.4% in the third quarter. JPMorgan Chase & Co. now owns 92,861 shares of the transportation company's stock valued at $12,299,000 after buying an additional 15,092 shares in the last quarter. Natixis Advisors LLC boosted its holdings in GATX by 2.2% in the third quarter. Natixis Advisors LLC now owns 167,651 shares of the transportation company's stock valued at $22,206,000 after acquiring an additional 3,580 shares during the last quarter. State Street Corp boosted its holdings in GATX by 0.6% in the third quarter. State Street Corp now owns 1,294,895 shares of the transportation company's stock valued at $171,509,000 after acquiring an additional 7,585 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in GATX by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 474,729 shares of the transportation company's stock valued at $62,878,000 after acquiring an additional 17,255 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in GATX by 1.5% in the third quarter. Geode Capital Management LLC now owns 849,603 shares of the transportation company's stock valued at $112,550,000 after acquiring an additional 12,571 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Jeffery R. Young sold 297 shares of GATX stock in a transaction dated 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 $1,212,006.06. The trade was a 3.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Robert Zmudka sold 4,800 shares of GATX stock in a transaction that occurred 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 completion of the sale, 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 position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GATX shares. Sidoti cut GATX from a "buy" rating to a "neutral" rating and set a $158.00 price target on the stock. in a report on Wednesday, December 4th. The Goldman Sachs Group started coverage on GATX in a report on Monday, November 18th. They issued a "buy" rating and a $185.00 price target on the stock. Finally, Susquehanna raised their price target on GATX from $122.00 to $140.00 and gave the company a "neutral" rating in a report on Monday, October 21st.

GATX Trading Up 1.4 %

GATX traded up $2.39 during midday trading on Tuesday, reaching $167.78. 41,967 shares of the company were exchanged, compared to its average volume of 139,798. 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 one year low of $122.00 and a one year high of $168.89. The stock has a market capitalization of $5.96 billion, a P/E ratio of 21.59 and a beta of 0.99. The stock's 50-day simple moving average is $159.28 and its 200 day simple moving average is $148.06.

GATX (NYSE:GATX - Get Free Report) last issued its earnings results on Thursday, January 23rd. The transportation company reported $1.93 earnings per share (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 quarter in the previous year, the company earned $1.74 EPS. As a group, analysts forecast that GATX Co. will post 8.5 earnings per share for the current fiscal year.

GATX Increases Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 1.45%. 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 29.86%.

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.