GATX Co. (NYSE:GATX) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. decreased its position in shares of GATX Co. (NYSE:GATX - Free Report) by 34.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,568 shares of the transportation company's stock after selling 1,892 shares during the period. Prudential Financial Inc.'s holdings in GATX were worth $553,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in GATX. Vanguard Group Inc. increased its position in shares of GATX by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 3,949,889 shares of the transportation company's stock worth $612,075,000 after acquiring an additional 17,885 shares during the last quarter. LPL Financial LLC increased its holdings in GATX by 13.8% during the 4th quarter. LPL Financial LLC now owns 13,831 shares of the transportation company's stock worth $2,143,000 after purchasing an additional 1,679 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of GATX in the 4th quarter valued at approximately $1,100,000. Sei Investments Co. boosted its stake in shares of GATX by 6.6% during the 4th quarter. Sei Investments Co. now owns 902,691 shares of the transportation company's stock valued at $139,881,000 after buying an additional 56,041 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of GATX by 12.1% during the fourth quarter. American Century Companies Inc. now owns 1,099,447 shares of the transportation company's stock worth $170,370,000 after buying an additional 118,306 shares in the last quarter. Institutional investors and hedge funds own 93.14% of the company's stock.

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Insider Transactions at GATX

In other news, VP Robert Zmudka sold 4,800 shares of GATX 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 completion of the transaction, the vice president now directly owns 7,493 shares of the company's stock, valued at approximately $1,227,578.19. The trade was a 39.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Jeffery R. Young sold 297 shares of the stock in a transaction dated Wednesday, February 5th. The stock was 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 approximately $1,212,006.06. This trade represents a 3.88 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.17% of the company's stock.

GATX Stock Up 0.9 %

Shares of NYSE:GATX traded up $1.27 during midday trading on Friday, reaching $147.97. The company had a trading volume of 179,537 shares, compared to its average volume of 161,103. GATX Co. has a one year low of $122.00 and a one year high of $168.89. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.77 and a quick ratio of 3.41. The stock has a market capitalization of $5.28 billion, a P/E ratio of 19.04 and a beta of 1.00. The stock's fifty day moving average price is $157.39 and its 200-day moving average price is $153.33.

GATX (NYSE:GATX - Get Free Report) last released its earnings results on Thursday, January 23rd. The transportation company reported $1.93 earnings per share 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 prior year, the company posted $1.74 earnings per share. Equities research analysts expect that GATX Co. will post 8.5 earnings per share for the current fiscal year.

GATX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from GATX's previous quarterly dividend of $0.58. GATX's dividend payout ratio (DPR) is currently 31.40%.

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.