Peregrine Capital Management LLC Has $6.69 Million Holdings in GATX Co. (NYSE:GATX)

Peregrine Capital Management LLC decreased its holdings in shares of GATX Co. (NYSE:GATX - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,154 shares of the transportation company's stock after selling 1,580 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.12% of GATX worth $6,687,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Venturi Wealth Management LLC bought a new stake in shares of GATX during the 4th quarter worth about $241,000. Pinnacle Wealth Management Advisory Group LLC bought a new stake in shares of GATX during the 4th quarter worth about $217,000. Principal Securities Inc. boosted its stake in shares of GATX by 9.0% during the 4th quarter. Principal Securities Inc. now owns 919 shares of the transportation company's stock worth $142,000 after acquiring an additional 76 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in shares of GATX in the fourth quarter worth $46,000. Finally, Legato Capital Management LLC acquired a new stake in shares of GATX in the fourth quarter worth $595,000. Institutional investors own 93.14% of the company's stock.

GATX Stock Performance

Shares of GATX stock traded down $2.37 during trading hours on Friday, reaching $161.89. 125,018 shares of the company's stock were exchanged, compared to its average volume of 140,945. 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 stock has a market capitalization of $5.75 billion, a P/E ratio of 20.84 and a beta of 0.99. The business has a fifty day moving average price of $159.38 and a 200-day moving average price of $148.52. GATX Co. has a fifty-two week low of $122.00 and a fifty-two week 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 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 last year, the business posted $1.74 EPS. Analysts predict that GATX Co. will post 8.5 EPS for the current fiscal year.

GATX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a $0.61 dividend. This is a boost from GATX's previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.44 annualized dividend and a yield of 1.51%. GATX's dividend payout ratio is 29.86%.

Analyst Upgrades and Downgrades

GATX has been the subject of a number of analyst reports. Sidoti cut shares of GATX from a "buy" rating to a "neutral" rating and set a $158.00 price objective for the company. in a research note on Wednesday, December 4th. The Goldman Sachs Group began coverage on GATX in a research report on Monday, November 18th. They issued a "buy" rating and a $185.00 price target on the stock.

Insider Buying and Selling at GATX

In other GATX 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Robert Zmudka sold 4,800 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $163.83, for a total transaction of $786,384.00. Following the completion of the transaction, the vice president now directly owns 7,493 shares of the company's stock, valued at $1,227,578.19. This trade represents a 39.05 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

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.