Sei Investments Co. Purchases 56,041 Shares of GATX Co. (NYSE:GATX)

Sei Investments Co. raised its holdings in shares of GATX Co. (NYSE:GATX - Free Report) by 6.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 902,691 shares of the transportation company's stock after purchasing an additional 56,041 shares during the quarter. Sei Investments Co. owned 2.54% of GATX worth $139,881,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GATX. American Century Companies Inc. raised its holdings in shares of GATX by 12.1% during the 4th quarter. American Century Companies Inc. now owns 1,099,447 shares of the transportation company's stock valued at $170,370,000 after buying an additional 118,306 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of GATX during the fourth quarter worth about $5,391,000. Proficio Capital Partners LLC purchased a new stake in shares of GATX in the fourth quarter worth about $4,562,000. EULAV Asset Management increased its stake in GATX by 125.0% during the fourth quarter. EULAV Asset Management now owns 37,800 shares of the transportation company's stock worth $5,857,000 after acquiring an additional 21,000 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in shares of GATX by 209.7% during the 3rd quarter. Citigroup Inc. now owns 29,602 shares of the transportation company's stock worth $3,921,000 after purchasing an additional 20,045 shares during the period. 93.14% of the stock is owned by hedge funds and other institutional investors.

GATX Stock Down 0.4 %

GATX stock traded down $0.59 during mid-day trading on Wednesday, reaching $158.43. The company had a trading volume of 131,465 shares, compared to its average volume of 148,675. GATX Co. has a fifty-two week low of $122.00 and a fifty-two week high of $168.89. The firm has a fifty day simple moving average of $160.69 and a 200 day simple moving average of $152.04. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.41 and a current ratio of 2.77. The company has a market capitalization of $5.65 billion, a price-to-earnings ratio of 20.39 and a beta of 1.00.

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GATX (NYSE:GATX - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The transportation company reported $1.93 earnings per share (EPS) for the quarter, beating 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 company posted $1.74 EPS. Analysts forecast that GATX Co. will post 8.5 earnings per share for the current fiscal year.

GATX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from GATX's previous quarterly dividend of $0.58. GATX's payout ratio is currently 31.40%.

Wall Street Analyst Weigh In

Separately, Sidoti downgraded shares of GATX from a "buy" rating to a "neutral" rating and set a $158.00 target price for the company. in a research note on Wednesday, December 4th.

Insider Activity

In related news, SVP Jeffery R. Young sold 297 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were 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 owns 7,362 shares in the company, valued at approximately $1,212,006.06. This represents a 3.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the vice president now directly owns 7,493 shares in the company, valued at approximately $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 2.17% of the company's stock.

GATX 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.