New Age Alpha Advisors LLC purchased 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 firm purchased 3,343 shares of the transportation company's stock, valued at approximately $518,000.
Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in shares of GATX by 91.8% in the fourth quarter. UMB Bank n.a. now owns 163 shares of the transportation company's stock valued at $25,000 after purchasing an additional 78 shares during the last quarter. Assetmark Inc. grew 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 purchasing an additional 67 shares in the last quarter. Versant Capital Management Inc increased its stake in GATX by 184.6% in the 4th quarter. Versant Capital Management Inc now owns 259 shares of the transportation company's stock valued at $40,000 after buying an additional 168 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new position in shares of GATX during the 4th quarter worth approximately $46,000. Finally, Mather Group LLC. boosted its stake in shares of GATX by 36.0% in the 4th quarter. Mather Group LLC. now owns 423 shares of the transportation company's stock worth $66,000 after buying an additional 112 shares during the last quarter. Institutional investors own 93.14% of the company's stock.
GATX Stock Performance
Shares of GATX stock traded down $2.79 during trading on Friday, hitting $145.66. The company's stock had a trading volume of 435,828 shares, compared to its average volume of 157,946. The business has a fifty day moving average of $160.21 and a 200-day moving average of $153.05. The company has a market cap of $5.20 billion, a PE ratio of 18.75 and a beta of 1.00. 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.
GATX (NYSE:GATX - Get Free Report) last announced its earnings results on Thursday, January 23rd. The transportation company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the firm posted $1.74 earnings per share. As a group, research analysts anticipate that GATX Co. will post 8.5 earnings per share for the current year.
GATX Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.68%. This is a boost from GATX's previous quarterly dividend of $0.58. The ex-dividend date was Friday, February 28th. GATX's payout ratio is presently 31.40%.
Insider Activity
In other GATX news, SVP Jeffery R. Young sold 297 shares of the stock in a transaction 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 transaction, the senior vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert Zmudka sold 4,800 shares of the business's stock in a transaction 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 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. Insiders own 2.17% of the company's stock.
GATX Profile
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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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