Bank of New York Mellon Corp reduced its position in shares of GATX Co. (NYSE:GATX - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 314,583 shares of the transportation company's stock after selling 4,453 shares during the quarter. Bank of New York Mellon Corp owned 0.89% of GATX worth $48,748,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of GATX. State of Alaska Department of Revenue raised its position in GATX by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 4,114 shares of the transportation company's stock worth $544,000 after acquiring an additional 280 shares during the period. Farther Finance Advisors LLC raised its position in shares of GATX by 872.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 564 shares of the transportation company's stock worth $75,000 after purchasing an additional 506 shares during the last quarter. Atria Investments Inc boosted its holdings in GATX by 1.5% in the 3rd quarter. Atria Investments Inc now owns 15,248 shares of the transportation company's stock worth $2,020,000 after buying an additional 225 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of GATX by 32.9% during the third quarter. Crossmark Global Holdings Inc. now owns 2,711 shares of the transportation company's stock valued at $360,000 after acquiring an additional 671 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its position in shares of GATX by 1.2% in the third quarter. State of New Jersey Common Pension Fund D now owns 14,142 shares of the transportation company's stock valued at $1,873,000 after acquiring an additional 163 shares in the last quarter. 93.14% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently commented on GATX shares. Sidoti downgraded GATX from a "buy" rating to a "neutral" rating and set a $158.00 price objective for the company. in a research note on Wednesday, December 4th. The Goldman Sachs Group assumed coverage on shares of GATX in a research report on Monday, November 18th. They set a "buy" rating and a $185.00 price target on the stock.
Check Out Our Latest Report on GATX
In other GATX news, SVP Jeffery R. Young sold 297 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $164.63, for a total value of $48,895.11. Following the transaction, the senior vice president now owns 7,362 shares of the company's stock, valued at $1,212,006.06. This represents a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Robert Zmudka sold 4,800 shares of GATX stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $163.83, for a total transaction of $786,384.00. Following the sale, the vice president now owns 7,493 shares of the company's stock, valued at approximately $1,227,578.19. This represents a 39.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.
NYSE GATX traded down $2.83 on Thursday, reaching $156.64. 222,462 shares of the company were exchanged, compared to its average volume of 140,627. GATX Co. has a fifty-two week low of $122.00 and a fifty-two week high of $168.89. The stock has a market capitalization of $5.58 billion, a P/E ratio of 20.16 and a beta of 0.99. The business's fifty day moving average price is $160.25 and its 200 day moving average price is $150.32. The company has a current ratio of 2.77, a quick ratio of 3.41 and a debt-to-equity ratio of 3.37.
GATX (NYSE:GATX - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The transportation company reported $1.93 earnings per share (EPS) for the quarter, beating 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 period last year, the company earned $1.74 earnings per share. Analysts forecast that GATX Co. will post 8.5 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Friday, February 28th. This is a positive change from GATX's previous quarterly dividend of $0.58. GATX's payout ratio is presently 31.40%.
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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