GATX Co. (NYSE:GATX) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC cut its position in GATX Co. (NYSE:GATX) by 33.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,119 shares of the transportation company’s stock after selling 1,056 shares during the quarter. Corient Private Wealth LLC’s holdings in GATX were worth $328,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew 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. Assetmark Inc. increased its stake in shares of GATX by 60.4% during the 4th quarter. Assetmark Inc. now owns 178 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 67 shares during the last quarter. Versant Capital Management Inc raised its stake in GATX by 184.6% during the fourth 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 acquired a new position in GATX in the fourth quarter valued at $46,000. Finally, Mather Group LLC. raised 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 buying an additional 112 shares during the period. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Insider Activity

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 transaction of $48,895.11. Following the transaction, the senior vice president now directly owns 7,362 shares in the company, valued at approximately $1,212,006.06. This represents a 3.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Robert Zmudka sold 4,800 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $1,227,578.19. The trade was a 39.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.17% of the stock is owned by company insiders.

GATX Price Performance

Shares of NYSE GATX opened at $155.94 on Monday. The firm has a 50-day moving average of $160.81 and a two-hundred day moving average of $152.53. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 20.07 and a beta of 1.00. 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 Co. has a twelve month low of $122.00 and a twelve month high of $168.89.

GATX (NYSE:GATX) last released its quarterly earnings results 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 quarter last year, the company earned $1.74 EPS. As a group, analysts expect that GATX Co. will post 8.5 earnings per share for the current fiscal year.

GATX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.44 annualized dividend and a yield of 1.56%. GATX’s dividend payout ratio is presently 31.40%.

Analyst Ratings Changes

Separately, Sidoti lowered shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 price objective on the stock. in a report on Wednesday, December 4th.

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.