Steward Partners Investment Advisory LLC Trims Holdings in GATX Co. (NYSE:GATX)

Steward Partners Investment Advisory LLC trimmed its position in GATX Co. (NYSE:GATX) by 30.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 307 shares of the transportation company’s stock after selling 137 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in GATX were worth $48,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its holdings in GATX by 91.8% in the 4th quarter. UMB Bank n.a. now owns 163 shares of the transportation company’s stock worth $25,000 after acquiring an additional 78 shares in the last quarter. Versant Capital Management Inc boosted its stake 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 purchasing an additional 168 shares during the period. Compagnie Lombard Odier SCmA bought a new position in GATX in the 4th quarter worth approximately $46,000. Mather Group LLC. boosted its stake in GATX by 36.0% in the 4th quarter. Mather Group LLC. now owns 423 shares of the transportation company’s stock worth $66,000 after purchasing an additional 112 shares during the period. Finally, GAMMA Investing LLC boosted its stake in GATX by 63.2% in the 4th quarter. GAMMA Investing LLC now owns 524 shares of the transportation company’s stock worth $81,000 after purchasing an additional 203 shares during the period. 93.14% of the stock is owned by hedge funds and other institutional investors.

GATX Trading Down 1.5 %

GATX stock opened at $152.99 on Wednesday. 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 company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 19.69 and a beta of 1.00. GATX Co. has a 1-year low of $122.00 and a 1-year high of $168.89. The business has a 50 day simple moving average of $160.07 and a two-hundred day simple moving average of $151.24.

GATX (NYSE:GATX) last posted its earnings results 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 return on equity of 12.07% and a net margin of 17.92%. During the same quarter in the prior year, the company posted $1.74 earnings per share. Research analysts anticipate that GATX Co. will post 8.5 EPS for the current fiscal year.

GATX Increases Dividend

The company also recently announced 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 an increase from GATX’s previous quarterly dividend of $0.58. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, February 28th. GATX’s dividend payout ratio is currently 31.40%.

Wall Street Analysts Forecast Growth

Separately, Sidoti downgraded GATX from a “buy” rating to a “neutral” rating and set a $158.00 price target for the company. in a research note on Wednesday, December 4th.

Insider Activity

In other GATX news, VP Robert Zmudka sold 4,800 shares of GATX stock in a transaction on Tuesday, February 4th. The shares were 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. The trade was 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 through this hyperlink. Also, SVP Jeffery R. Young sold 297 shares of GATX stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $164.63, for a total transaction 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. 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 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.