Proficio Capital Partners LLC bought a new position in shares of GATX Co. (NYSE:GATX - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 29,442 shares of the transportation company's stock, valued at approximately $4,562,000. Proficio Capital Partners LLC owned approximately 0.08% of GATX as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the company. M&T Bank Corp raised its stake in shares of GATX by 7.7% in the fourth quarter. M&T Bank Corp now owns 2,497 shares of the transportation company's stock worth $387,000 after acquiring an additional 178 shares during the last quarter. Atria Investments Inc raised its stake in shares of GATX by 1.2% in the fourth quarter. Atria Investments Inc now owns 15,429 shares of the transportation company's stock worth $2,391,000 after acquiring an additional 181 shares during the last quarter. Assetmark Inc. raised its stake in shares of GATX by 60.4% in the fourth quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock worth $28,000 after acquiring an additional 67 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of GATX by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 478,214 shares of the transportation company's stock worth $74,104,000 after acquiring an additional 3,485 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of GATX by 1.7% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 34,729 shares of the transportation company's stock worth $5,382,000 after acquiring an additional 578 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company's stock.
GATX Trading Down 0.8 %
NYSE GATX traded down $1.27 during trading on Friday, reaching $154.68. 305,199 shares of the stock traded hands, compared to its average volume of 148,348. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 19.91 and a beta of 1.00. The stock's 50-day moving average price is $160.25 and its 200 day moving average price is $151.31. 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 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 announced its quarterly earnings results on Thursday, January 23rd. The transportation company reported $1.93 earnings per share for the quarter, beating 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 last year, the company earned $1.74 EPS. Analysts predict that GATX Co. will post 8.5 EPS for the current year.
GATX Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from GATX's previous quarterly dividend of $0.58. GATX's payout ratio is currently 31.40%.
Insider Transactions at GATX
In other GATX news, VP Robert Zmudka sold 4,800 shares of the company'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 transaction, the vice president now directly owns 7,493 shares in the company, valued at $1,227,578.19. The trade was a 39.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jeffery R. Young sold 297 shares of the company's 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 completion of the transaction, the senior vice president now owns 7,362 shares in the company, valued at approximately $1,212,006.06. This represents a 3.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Separately, Sidoti cut 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.
Get Our Latest Stock 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.
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