Vaughan Nelson Investment Management L.P. cut its holdings in GATX Co. (NYSE:GATX - Free Report) by 9.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 264,885 shares of the transportation company's stock after selling 26,481 shares during the period. Vaughan Nelson Investment Management L.P. owned 0.75% of GATX worth $41,047,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC bought a new stake in GATX in the 3rd quarter valued at $3,922,000. EULAV Asset Management raised its holdings in shares of GATX by 125.0% in the 4th quarter. EULAV Asset Management now owns 37,800 shares of the transportation company's stock worth $5,857,000 after buying an additional 21,000 shares in the last quarter. Citigroup Inc. lifted its position 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 buying an additional 20,045 shares during the period. NFJ Investment Group LLC acquired a new stake in GATX in the 3rd quarter valued at $2,479,000. Finally, Charles Schwab Investment Management Inc. grew its position in GATX by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 474,729 shares of the transportation company's stock valued at $62,878,000 after acquiring an additional 17,255 shares during the period. Institutional investors and hedge funds own 93.14% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on GATX shares. Susquehanna lifted their price objective on GATX from $122.00 to $140.00 and gave the company a "neutral" rating in a report on Monday, October 21st. The Goldman Sachs Group initiated coverage on shares of GATX in a report on Monday, November 18th. They set a "buy" rating and a $185.00 price target for the company. Finally, Sidoti cut shares of GATX from a "buy" rating to a "neutral" rating and set a $158.00 price objective on the stock. in a research note on Wednesday, December 4th.
Check Out Our Latest Report on GATX
GATX Price Performance
GATX stock traded down $1.45 on Wednesday, reaching $165.45. The company's stock had a trading volume of 140,527 shares, compared to its average volume of 145,826. The business's fifty day moving average price is $159.04 and its 200 day moving average price is $147.42. 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 cap of $5.87 billion, a price-to-earnings ratio of 21.29 and a beta of 0.99. GATX Co. has a twelve month low of $122.00 and a twelve month high of $168.29.
GATX (NYSE:GATX - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The transportation company reported $1.93 EPS for the quarter, topping 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 quarter last year, the company posted $1.74 EPS. Equities analysts expect 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. Investors of record on Friday, February 28th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.47%. The ex-dividend date is Friday, February 28th. This is a boost from GATX's previous quarterly dividend of $0.58. GATX's payout ratio is 29.86%.
Insiders Place Their Bets
In other GATX news, VP Robert Zmudka sold 4,800 shares of the stock in a transaction dated 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 directly owns 7,493 shares in the company, valued at $1,227,578.19. This represents a 39.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeffery R. Young sold 297 shares of the firm'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 sale, the senior vice president now owns 7,362 shares in the company, valued at approximately $1,212,006.06. The trade was a 3.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.80% of the company's stock.
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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