Norges Bank Invests $55.50 Million in GATX Co. (NYSE:GATX)

Norges Bank bought a new stake in GATX Co. (NYSE:GATX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 358,129 shares of the transportation company's stock, valued at approximately $55,496,000. Norges Bank owned 1.01% of GATX at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in GATX. UMB Bank n.a. raised its position in 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 period. Assetmark Inc. raised its holdings in shares of GATX by 60.4% during the 4th quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock valued at $28,000 after buying an additional 67 shares during the period. Versant Capital Management Inc raised its holdings in shares of GATX by 184.6% during 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 period. Compagnie Lombard Odier SCmA acquired a new position in GATX during the 4th quarter worth approximately $46,000. Finally, Mather Group LLC. boosted its holdings in 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 acquiring an additional 112 shares during the period. Hedge funds and other institutional investors own 93.14% of the company's stock.

GATX Stock Down 0.9 %

Shares of GATX traded down $1.33 during mid-day trading on Tuesday, reaching $141.03. 277,592 shares of the stock traded hands, compared to its average volume of 159,233. The stock has a fifty day simple moving average of $158.79 and a 200 day simple moving average of $153.01. GATX Co. has a 12-month low of $122.00 and a 12-month high of $168.89. The company has a quick ratio of 3.41, a current ratio of 2.77 and a debt-to-equity ratio of 3.37. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 18.15 and a beta of 1.00.

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GATX (NYSE:GATX - Get Free Report) last released its quarterly 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 quarter in the prior year, the business posted $1.74 EPS. Sell-side analysts expect that GATX Co. will post 8.5 EPS for the current fiscal 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 paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from GATX's previous quarterly dividend of $0.58. GATX's dividend payout ratio (DPR) is 31.40%.

Insiders Place Their Bets

In other news, VP Robert Zmudka sold 4,800 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $163.83, for a total value of $786,384.00. Following the sale, the vice president now owns 7,493 shares in the company, valued at approximately $1,227,578.19. This represents a 39.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $48,895.11. Following the completion of the transaction, the senior vice president now owns 7,362 shares of the company's stock, valued at $1,212,006.06. This trade represents a 3.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.17% of the stock is owned by company insiders.

GATX 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.