State Farm Mutual Automobile Insurance Co. Has $871.46 Million Holdings in GATX Co. (NYSE:GATX)

State Farm Mutual Automobile Insurance Co. lessened its holdings in GATX Co. (NYSE:GATX - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,623,742 shares of the transportation company's stock after selling 37,546 shares during the quarter. State Farm Mutual Automobile Insurance Co. owned 15.84% of GATX worth $871,455,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of GATX by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 3,949,889 shares of the transportation company's stock worth $612,075,000 after purchasing an additional 17,885 shares during the last quarter. State Street Corp lifted its holdings in GATX by 0.6% during the 3rd quarter. State Street Corp now owns 1,294,895 shares of the transportation company's stock valued at $171,509,000 after purchasing an additional 7,585 shares during the last quarter. American Century Companies Inc. boosted its position in 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 purchasing an additional 118,306 shares during the period. Sei Investments Co. increased its holdings in shares of GATX by 6.6% in the fourth quarter. Sei Investments Co. now owns 902,691 shares of the transportation company's stock valued at $139,881,000 after purchasing an additional 56,041 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of GATX by 1.5% in the third quarter. Geode Capital Management LLC now owns 849,603 shares of the transportation company's stock valued at $112,550,000 after purchasing an additional 12,571 shares during the period. Institutional investors and hedge funds own 93.14% of the company's stock.

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Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, VP Robert Zmudka sold 4,800 shares of the firm's stock in a transaction on Tuesday, February 4th. The shares were 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 owns 7,493 shares of the company's stock, valued at approximately $1,227,578.19. This trade represents a 39.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeffery R. Young sold 297 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $164.63, for a total transaction 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 approximately $1,212,006.06. This represents a 3.88 % decrease in their position. The disclosure for this sale can be found here. 2.17% of the stock is currently owned by corporate insiders.

GATX Price Performance

GATX stock traded up $1.45 during midday trading on Wednesday, reaching $157.83. The company's stock had a trading volume of 37,192 shares, compared to its average volume of 155,446. 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 $5.63 billion, a PE ratio of 20.31 and a beta of 1.00. GATX Co. has a 52 week low of $122.00 and a 52 week high of $168.89. The business has a 50-day moving average price of $160.84 and a 200-day moving average price of $152.79.

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 (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 quarter last year, the firm posted $1.74 EPS. On average, sell-side analysts predict that GATX Co. will post 8.5 EPS for the current year.

GATX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were issued a dividend of $0.61 per share. This is an increase from GATX's previous quarterly dividend of $0.58. The ex-dividend date was Friday, February 28th. This represents a $2.44 annualized dividend and a dividend yield of 1.55%. GATX's dividend payout ratio (DPR) is 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.