Level Four Advisory Services LLC acquired a new stake in GATX Co. (NYSE:GATX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 25,763 shares of the transportation company's stock, valued at approximately $3,992,000. Level Four Advisory Services LLC owned about 0.07% of GATX as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Pictet Asset Management Holding SA lifted its stake in GATX by 10.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 4,834 shares of the transportation company's stock worth $749,000 after acquiring an additional 464 shares during the period. New Age Alpha Advisors LLC bought a new stake in GATX during the 4th quarter valued at $518,000. Norges Bank purchased a new position in shares of GATX in the 4th quarter valued at $55,496,000. JPMorgan Chase & Co. lifted its stake in shares of GATX by 81.7% during the 4th quarter. JPMorgan Chase & Co. now owns 168,747 shares of the transportation company's stock worth $26,149,000 after purchasing an additional 75,886 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in GATX by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 3,949,889 shares of the transportation company's stock valued at $612,075,000 after purchasing an additional 17,885 shares in the last quarter. Hedge funds and other institutional investors own 93.14% of the company's stock.
GATX Stock Up 1.0 %
Shares of GATX stock traded up $1.49 during trading hours on Wednesday, reaching $157.87. 29,885 shares of the company's stock were exchanged, compared to its average volume of 155,406. The stock has a market cap of $5.63 billion, a PE ratio of 20.32 and a beta of 1.00. 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 stock's fifty day moving average price is $160.84 and its two-hundred day moving average price is $152.79. GATX Co. has a 1 year low of $122.00 and a 1 year high of $168.89.
GATX (NYSE:GATX - Get Free Report) last posted its quarterly 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 net margin of 17.92% and a return on equity of 12.07%. During the same period in the previous year, the company earned $1.74 earnings per share. Research analysts predict that GATX Co. will post 8.5 EPS for the current year.
GATX Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from GATX's previous quarterly dividend of $0.58. GATX's payout ratio is 31.40%.
Analyst Upgrades and Downgrades
Separately, Sidoti lowered 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.
View Our Latest Analysis on GATX
Insider Activity at GATX
In other news, SVP Jeffery R. Young sold 297 shares of the firm's 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 sale, the senior vice president now directly owns 7,362 shares in the company, valued at $1,212,006.06. This trade represents a 3.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert Zmudka sold 4,800 shares of the stock in a transaction that occurred 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 transaction, the vice president now owns 7,493 shares in the company, valued at $1,227,578.19. This represents a 39.05 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.17% 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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