Tower Research Capital LLC TRC Trims Holdings in GATX Co. (NYSE:GATX)

Tower Research Capital LLC TRC reduced its stake in shares of GATX Co. (NYSE:GATX - Free Report) by 26.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,880 shares of the transportation company's stock after selling 1,765 shares during the period. Tower Research Capital LLC TRC's holdings in GATX were worth $756,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of GATX. UMB Bank n.a. boosted its position in shares of GATX by 91.8% in the fourth quarter. UMB Bank n.a. now owns 163 shares of the transportation company's stock valued at $25,000 after acquiring an additional 78 shares during the period. Assetmark Inc. boosted its holdings in GATX by 60.4% in the 4th quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock valued at $28,000 after purchasing an additional 67 shares during the period. Brown Brothers Harriman & Co. purchased a new position in shares of GATX during the 4th quarter valued at $39,000. Versant Capital Management Inc raised its position in shares of GATX by 184.6% in the fourth quarter. Versant Capital Management Inc now owns 259 shares of the transportation company's stock worth $40,000 after buying an additional 168 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA purchased a new stake in shares of GATX in the fourth quarter worth $46,000. Hedge funds and other institutional investors own 93.14% of the company's stock.

Insider Transactions at GATX

In other GATX news, VP Robert Zmudka sold 4,800 shares of GATX stock in a transaction that occurred 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 transaction, the vice president now owns 7,493 shares of the company's stock, valued at $1,227,578.19. The trade was a 39.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeffery R. Young sold 297 shares of GATX stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $164.63, for a total transaction of $48,895.11. Following the transaction, the senior vice president now owns 7,362 shares in the company, valued at approximately $1,212,006.06. This trade represents a 3.88 % 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 Up 3.1 %

GATX traded up $4.55 on Friday, hitting $149.58. The company had a trading volume of 32,756 shares, compared to its average volume of 167,399. The stock has a fifty day simple moving average of $152.06 and a 200-day simple moving average of $154.37. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.77 and a quick ratio of 3.41. The firm has a market capitalization of $5.34 billion, a P/E ratio of 19.25 and a beta of 1.00. GATX Co. has a 52-week low of $126.65 and a 52-week high of $168.89.

GATX (NYSE:GATX - Get Free Report) last released its earnings results on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $2.09 by $0.06. GATX had a net margin of 17.92% and a return on equity of 12.07%. The firm had revenue of $421.60 million for the quarter, compared to the consensus estimate of $417.06 million. During the same period in the prior year, the firm earned $2.01 EPS. The company's revenue was up 11.0% compared to the same quarter last year. As a group, equities analysts expect that GATX Co. will post 8.5 EPS for the current fiscal year.

GATX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Friday, June 13th. GATX's dividend payout ratio is currently 30.93%.

Analysts Set New Price Targets

GATX has been the subject of a number of research analyst reports. Susquehanna cut their price objective on GATX from $165.00 to $160.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of GATX in a research note on Wednesday, April 23rd.

About GATX

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.