Atria Wealth Solutions Inc. Has $340,000 Stock Holdings in GATX Co. (NYSE:GATX)

Atria Wealth Solutions Inc. decreased its position in shares of GATX Co. (NYSE:GATX) by 4.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,197 shares of the transportation company’s stock after selling 96 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in GATX were worth $340,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of GATX. International Assets Investment Management LLC acquired a new position in shares of GATX in the 3rd quarter valued at $3,922,000. State of Alaska Department of Revenue lifted its stake in shares of GATX by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 4,114 shares of the transportation company’s stock valued at $544,000 after purchasing an additional 280 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of GATX by 1.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 10,511 shares of the transportation company’s stock valued at $1,392,000 after purchasing an additional 193 shares during the period. US Bancorp DE lifted its stake in shares of GATX by 1.6% in the 3rd quarter. US Bancorp DE now owns 29,965 shares of the transportation company’s stock valued at $3,969,000 after purchasing an additional 463 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in shares of GATX by 872.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 564 shares of the transportation company’s stock valued at $75,000 after purchasing an additional 506 shares during the period. Institutional investors and hedge funds own 93.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group assumed coverage on GATX in a research note on Monday, November 18th. They issued a “buy” rating and a $185.00 price target on the stock. Sidoti cut shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 price objective for the company. in a research report on Wednesday, December 4th.

GATX Price Performance

GATX opened at $167.11 on Friday. The company has a quick ratio of 3.41, a current ratio of 2.77 and a debt-to-equity ratio of 3.37. GATX Co. has a 12 month low of $122.00 and a 12 month high of $168.89. The company has a fifty day simple moving average of $159.74 and a 200 day simple moving average of $149.51. The stock has a market cap of $5.95 billion, a P/E ratio of 21.51 and a beta of 0.99.

GATX (NYSE:GATX) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $1.93 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 in the previous year, the company 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 company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from GATX’s previous quarterly dividend of $0.58. GATX’s dividend payout ratio is 31.40%.

Insiders Place Their Bets

In other GATX news, VP Robert Zmudka sold 4,800 shares of the stock in a transaction dated 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeffery R. Young sold 297 shares of the firm’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 completion of the transaction, the senior vice president now owns 7,362 shares of the company’s stock, valued at $1,212,006.06. The trade was a 3.88 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

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.