Charles Schwab Investment Management Inc. Buys 3,485 Shares of GATX Co. (NYSE:GATX)

Charles Schwab Investment Management Inc. boosted its stake in GATX Co. (NYSE:GATX) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 478,214 shares of the transportation company’s stock after purchasing an additional 3,485 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.35% of GATX worth $74,104,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GATX. UMB Bank n.a. increased its holdings in 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 purchasing an additional 78 shares during the last quarter. Versant Capital Management Inc increased its holdings in GATX by 184.6% in the fourth quarter. Versant Capital Management Inc now owns 259 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 168 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new stake in GATX in the fourth quarter valued at about $46,000. Mather Group LLC. increased its holdings in GATX by 36.0% in the fourth quarter. Mather Group LLC. now owns 423 shares of the transportation company’s stock valued at $66,000 after purchasing an additional 112 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in GATX by 872.4% in the third 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 last quarter. Institutional investors own 93.14% of the company’s stock.

Insider Transactions at GATX

In other news, VP Robert Zmudka sold 4,800 shares of the company’s 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 directly owns 7,493 shares of the company’s stock, valued at $1,227,578.19. This represents a 39.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jeffery R. Young sold 297 shares of the stock in a transaction that occurred on 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 directly owns 7,362 shares of the company’s stock, valued at $1,212,006.06. This trade represents a 3.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

GATX Stock Down 2.1 %

Shares of GATX stock opened at $151.49 on Tuesday. GATX Co. has a 1 year low of $122.00 and a 1 year high of $168.89. The business has a 50-day moving average of $160.21 and a two-hundred day moving average of $150.62. The company has a market capitalization of $5.39 billion, a P/E ratio of 19.50 and a beta of 1.00. 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) last posted its quarterly earnings data on Thursday, January 23rd. The transportation company reported $1.93 earnings per share for the quarter, topping the consensus estimate 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. As a group, equities analysts predict that GATX Co. will post 8.5 EPS for the current year.

GATX Increases Dividend

The company also recently disclosed 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 is a boost from GATX’s previous quarterly dividend of $0.58. This represents a $2.44 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, February 28th. GATX’s dividend payout ratio is currently 31.40%.

Analysts Set New Price Targets

GATX has been the subject of several recent analyst reports. The Goldman Sachs Group initiated coverage on GATX in a report on Monday, November 18th. They issued a “buy” rating and a $185.00 price target for the company. Sidoti downgraded GATX from a “buy” rating to a “neutral” rating and set a $158.00 price target for the company. in a report on Wednesday, December 4th.

GATX 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.