Proficio Capital Partners LLC Takes $4.56 Million Position in GATX Co. (NYSE:GATX)

Proficio Capital Partners LLC purchased a new position in shares of GATX Co. (NYSE:GATX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of GATX. UMB Bank n.a. boosted its holdings 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 acquiring an additional 78 shares during the last quarter. Versant Capital Management Inc increased its position in shares of GATX by 184.6% during the fourth quarter. Versant Capital Management Inc now owns 259 shares of the transportation company's stock worth $40,000 after acquiring an additional 168 shares during the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in shares of GATX during the fourth quarter worth about $46,000. Mather Group LLC. increased its position in shares of GATX by 36.0% during the fourth 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 last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of GATX by 872.4% during the third quarter. Farther Finance Advisors LLC now owns 564 shares of the transportation company's stock worth $75,000 after acquiring an additional 506 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company's stock.

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Insider Transactions at GATX

In other GATX news, SVP Jeffery R. Young sold 297 shares of the company's stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 7,362 shares in the company, valued at $1,212,006.06. This represents a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Robert Zmudka sold 4,800 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 $1,227,578.19. This trade represents a 39.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. The Goldman Sachs Group assumed coverage on GATX in a research report on Monday, November 18th. They set a "buy" rating and a $185.00 target price on the stock. Sidoti lowered GATX from a "buy" rating to a "neutral" rating and set a $158.00 target price on the stock. in a research report on Wednesday, December 4th.

GATX Stock Down 1.3 %

GATX stock traded down $2.00 during midday trading on Friday, hitting $154.78. The stock had a trading volume of 148,653 shares, compared to its average volume of 140,808. The company has a current ratio of 2.77, a quick ratio of 3.41 and a debt-to-equity ratio of 3.37. The stock has a market cap of $5.51 billion, a P/E ratio of 19.92 and a beta of 1.00. GATX Co. has a 12 month low of $122.00 and a 12 month high of $168.89. The business has a fifty day moving average price of $160.21 and a 200 day moving average price of $150.46.

GATX (NYSE:GATX - Get Free Report) last issued its earnings results on Thursday, January 23rd. The transportation company reported $1.93 EPS for the quarter, beating analysts' consensus estimates 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 period in the prior year, the company earned $1.74 earnings per share. Research 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 dividend of $0.61 per share. The ex-dividend date is Friday, February 28th. This is an increase from GATX's previous quarterly dividend of $0.58. This represents a $2.44 annualized dividend and a dividend yield of 1.58%. GATX's payout ratio is currently 31.40%.

About GATX

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.