Pacer Advisors Inc. lessened its holdings in GATX Co. (NYSE:GATX - Free Report) by 23.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,605 shares of the transportation company's stock after selling 2,335 shares during the quarter. Pacer Advisors Inc.'s holdings in GATX were worth $1,178,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. UMB Bank n.a. raised its stake in shares of GATX by 91.8% during the 4th quarter. UMB Bank n.a. now owns 163 shares of the transportation company's stock worth $25,000 after buying an additional 78 shares during the last quarter. Wolff Wiese Magana LLC acquired a new position in GATX during the third quarter worth about $28,000. Quarry LP purchased a new stake in shares of GATX in the second quarter valued at about $37,000. Versant Capital Management Inc grew its position in shares of GATX by 184.6% in the fourth quarter. Versant Capital Management Inc now owns 259 shares of the transportation company's stock valued at $40,000 after purchasing an additional 168 shares during the last quarter. Finally, CWM LLC raised its position in shares of GATX by 20.2% during the 3rd quarter. CWM LLC now owns 487 shares of the transportation company's stock worth $65,000 after purchasing an additional 82 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company's stock.
Insider Buying and Selling at GATX
In related news, SVP Jeffery R. Young sold 297 shares of GATX stock in a transaction on Wednesday, February 5th. The shares were 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 approximately $1,212,006.06. The trade was a 3.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Robert Zmudka sold 4,800 shares of the 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 of the company's stock, valued at approximately $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. 1.99% of the stock is owned by company insiders.
GATX Trading Up 0.4 %
Shares of NYSE:GATX traded up $0.73 during midday trading on Thursday, reaching $166.22. The company's stock had a trading volume of 100,481 shares, compared to its average volume of 148,208. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of 21.39 and a beta of 0.99. The business has a 50 day moving average price of $158.85 and a 200 day moving average price of $146.59. GATX Co. has a 1 year low of $122.00 and a 1 year high of $168.29. The company has a quick ratio of 3.41, a current ratio of 2.77 and a debt-to-equity ratio of 3.37.
GATX (NYSE:GATX - Get Free Report) last released 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 earned $1.74 EPS. Research analysts forecast that GATX Co. will post 8.5 EPS for the current year.
GATX Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a $0.61 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.44 dividend on an annualized basis and a yield of 1.47%. This is a boost from GATX's previous quarterly dividend of $0.58. GATX's dividend payout ratio (DPR) is presently 29.86%.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. The Goldman Sachs Group began coverage on GATX in a research report on Monday, November 18th. They set a "buy" rating and a $185.00 price target for the company. Sidoti cut GATX from a "buy" rating to a "neutral" rating and set a $158.00 price objective for the company. in a research report on Wednesday, December 4th. Finally, Susquehanna upped their target price on shares of GATX from $122.00 to $140.00 and gave the company a "neutral" rating in a report on Monday, October 21st.
View Our Latest Research Report on GATX
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.
See Also
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