Proficio Capital Partners LLC Invests $4.56 Million in GATX Co. (NYSE:GATX)

Proficio Capital Partners LLC bought a new position in shares of GATX Co. (NYSE:GATX) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 29,442 shares of the transportation company’s stock, valued at approximately $4,562,000. Proficio Capital Partners LLC owned 0.08% of GATX as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GATX. UMB Bank n.a. lifted its position in shares of GATX by 91.8% during the fourth quarter. UMB Bank n.a. now owns 163 shares of the transportation company’s stock worth $25,000 after purchasing an additional 78 shares in the last quarter. Assetmark Inc. increased its stake in GATX by 60.4% during the 4th quarter. Assetmark Inc. now owns 178 shares of the transportation company’s stock worth $28,000 after buying an additional 67 shares during the period. Versant Capital Management Inc lifted its holdings in GATX by 184.6% in the 4th 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. Compagnie Lombard Odier SCmA purchased a new position in GATX in the 4th quarter valued at about $46,000. Finally, Mather Group LLC. grew its stake in shares of GATX by 36.0% during the fourth quarter. Mather Group LLC. now owns 423 shares of the transportation company’s stock valued at $66,000 after acquiring an additional 112 shares in the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

Insider Activity

In other GATX news, VP Robert Zmudka sold 4,800 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 in the company, valued at $1,227,578.19. This trade represents a 39.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Jeffery R. Young sold 297 shares of the firm’s 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 completion of the transaction, the senior vice president now owns 7,362 shares in the company, valued at $1,212,006.06. The trade was a 3.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

GATX Stock Up 0.8 %

GATX opened at $155.13 on Tuesday. The stock’s 50 day moving average price is $160.02 and its 200 day moving average price is $151.15. 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 stock has a market cap of $5.52 billion, a P/E ratio of 19.96 and a beta of 1.00. GATX Co. has a 12 month low of $122.00 and a 12 month high of $168.89.

GATX (NYSE:GATX) last released its earnings results on Thursday, January 23rd. The transportation company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the business earned $1.74 earnings per share. As a group, research analysts predict that GATX Co. will post 8.5 earnings per share 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 paid a dividend of $0.61 per share. This is an increase from GATX’s previous quarterly dividend of $0.58. This represents a $2.44 annualized dividend and a yield of 1.57%. The ex-dividend date is Friday, February 28th. GATX’s payout ratio is 31.40%.

Wall Street Analyst Weigh In

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

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.