GATX Co. (NYSE:GATX) Stock Position Reduced by SG Americas Securities LLC

SG Americas Securities LLC reduced its stake in GATX Co. (NYSE:GATX - Free Report) by 87.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,574 shares of the transportation company's stock after selling 10,908 shares during the quarter. SG Americas Securities LLC's holdings in GATX were worth $189,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GATX. Orion Capital Management LLC purchased a new stake in GATX in the 3rd quarter valued at $27,000. Headinvest LLC acquired a new position in shares of GATX in the 3rd quarter valued at $33,000. Bruce G. Allen Investments LLC acquired a new position in shares of GATX in the 4th quarter valued at $42,000. Adirondack Trust Co. acquired a new position in shares of GATX in the 3rd quarter valued at $44,000. Finally, Lazard Asset Management LLC acquired a new position in shares of GATX in the 2nd quarter valued at $57,000. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at GATX

In other GATX news, CFO Thomas A. Ellman sold 18,000 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $127.54, for a total value of $2,295,720.00. Following the sale, the chief financial officer now owns 35,429 shares of the company's stock, valued at approximately $4,518,614.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Thomas A. Ellman sold 18,000 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $127.54, for a total value of $2,295,720.00. Following the transaction, the chief financial officer now owns 35,429 shares in the company, valued at approximately $4,518,614.66. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Kevin Hillesland sold 2,200 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $133.83, for a total value of $294,426.00. Following the completion of the transaction, the senior vice president now owns 7,711 shares in the company, valued at approximately $1,031,963.13. The disclosure for this sale can be found here. Insiders have sold 39,694 shares of company stock valued at $5,040,656 in the last quarter. Corporate insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on GATX shares. Susquehanna upped their price target on GATX from $115.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday, January 24th. TD Cowen upped their price target on GATX from $122.00 to $136.00 and gave the company a "market perform" rating in a research note on Wednesday, January 24th. Finally, Wells Fargo & Company upped their price target on GATX from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, January 24th.

GATX Trading Down 1.2 %

GATX traded down $1.57 during mid-day trading on Friday, hitting $129.65. 81,934 shares of the stock were exchanged, compared to its average volume of 134,555. The firm's fifty day moving average is $129.40 and its two-hundred day moving average is $118.93. GATX Co. has a 1-year low of $97.21 and a 1-year high of $135.65. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 3.26. The company has a market cap of $4.61 billion, a PE ratio of 18.13 and a beta of 0.98.

GATX (NYSE:GATX - Get Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.58 by $0.16. The company had revenue of $368.70 million for the quarter, compared to analyst estimates of $365.32 million. GATX had a return on equity of 11.81% and a net margin of 18.37%. GATX's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.54 EPS. Equities analysts forecast that GATX Co. will post 7.53 earnings per share for the current fiscal year.

GATX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, March 31st. Shareholders of record on Friday, March 1st were given a $0.58 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.32 dividend on an annualized basis and a yield of 1.79%. This is a positive change from GATX's previous quarterly dividend of $0.55. GATX's dividend payout ratio (DPR) is currently 32.45%.

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.