GATX Co. (NYSE:GATX) Position Decreased by Gabelli Funds LLC

Gabelli Funds LLC lessened its holdings in GATX Co. (NYSE:GATX - Free Report) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,007,150 shares of the transportation company's stock after selling 19,750 shares during the quarter. GATX makes up approximately 1.2% of Gabelli Funds LLC's investment portfolio, making the stock its 9th largest position. Gabelli Funds LLC owned 2.84% of GATX worth $156,068,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GATX. Assetmark Inc. raised its position in shares of GATX by 60.4% during the fourth quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock worth $28,000 after acquiring an additional 67 shares during the last quarter. HighTower Advisors LLC increased its position in GATX by 0.6% during the 3rd quarter. HighTower Advisors LLC now owns 10,692 shares of the transportation company's stock valued at $1,418,000 after purchasing an additional 68 shares during the period. Savant Capital LLC raised its holdings in GATX by 4.6% during the 4th quarter. Savant Capital LLC now owns 1,584 shares of the transportation company's stock worth $245,000 after purchasing an additional 69 shares during the last quarter. Principal Securities Inc. lifted its position in shares of GATX by 9.0% in the 4th quarter. Principal Securities Inc. now owns 919 shares of the transportation company's stock worth $142,000 after purchasing an additional 76 shares during the period. Finally, Arizona State Retirement System lifted its position in shares of GATX by 0.8% in the 4th quarter. Arizona State Retirement System now owns 9,816 shares of the transportation company's stock worth $1,521,000 after purchasing an additional 77 shares during the period. 93.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other GATX news, VP Robert Zmudka sold 4,800 shares of the 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 transaction, the vice president now owns 7,493 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, 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 transaction, the senior vice president now directly owns 7,362 shares in the company, valued at $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. Corporate insiders own 2.17% of the company's stock.

GATX Trading Down 0.7 %

Shares of GATX traded down $1.01 during trading hours on Friday, hitting $147.00. 188,495 shares of the stock were exchanged, compared to its average volume of 162,743. The firm has a market capitalization of $5.24 billion, a P/E ratio of 18.92 and a beta of 1.00. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.77 and a quick ratio of 3.41. GATX Co. has a fifty-two week low of $122.00 and a fifty-two week high of $168.89. The business has a 50-day moving average of $155.59 and a 200-day moving average of $153.74.

GATX (NYSE:GATX - Get Free Report) last posted its quarterly earnings data 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 return on equity of 12.07% and a net margin of 17.92%. During the same period last year, the firm posted $1.74 earnings per share. On average, research analysts expect that GATX Co. will post 8.5 EPS for the current year.

GATX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from GATX's previous quarterly dividend of $0.58. This represents a $2.44 annualized dividend and a yield of 1.66%. GATX's dividend payout ratio 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.