Gamco Investors INC. ET AL trimmed its holdings in shares of GATX Co. (NYSE:GATX - Free Report) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,321,265 shares of the transportation company's stock after selling 40,540 shares during the period. GATX makes up about 2.1% of Gamco Investors INC. ET AL's holdings, making the stock its 3rd biggest position. Gamco Investors INC. ET AL owned approximately 3.72% of GATX worth $204,743,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of GATX. UMB Bank n.a. grew its stake in shares of GATX by 91.8% in the 4th quarter. UMB Bank n.a. now owns 163 shares of the transportation company's stock valued at $25,000 after buying an additional 78 shares in the last quarter. Assetmark Inc. lifted its stake in GATX by 60.4% in the fourth quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock valued at $28,000 after acquiring an additional 67 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in GATX in the fourth quarter worth approximately $39,000. Versant Capital Management Inc increased its stake in shares of GATX by 184.6% during the 4th quarter. Versant Capital Management Inc now owns 259 shares of the transportation company's stock worth $40,000 after purchasing an additional 168 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA bought a new position in shares of GATX during the 4th quarter valued at $46,000. 93.14% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, SVP Jeffery R. Young sold 297 shares of the 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 completion of the sale, the senior vice president now directly owns 7,362 shares of the company's stock, valued at approximately $1,212,006.06. This represents a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert Zmudka sold 4,800 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $163.83, for a total transaction of $786,384.00. Following the completion of the sale, the vice president now owns 7,493 shares in the company, valued at approximately $1,227,578.19. The trade was a 39.05 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.17% of the company's stock.
GATX Stock Down 0.7 %
NYSE:GATX traded down $1.01 during trading hours on Friday, reaching $147.00. The company's stock had a trading volume of 188,495 shares, compared to its average volume of 162,743. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 18.92 and a beta of 1.00. The business's 50-day moving average is $155.59 and its 200-day moving average is $153.74. 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.
GATX (NYSE:GATX - Get Free Report) last announced its earnings results on Thursday, January 23rd. The transportation company reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the company earned $1.74 earnings per share. Equities research analysts predict that GATX Co. will post 8.5 EPS for the current year.
GATX Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.66%. 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 31.40%.
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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