Bank of New York Mellon Corp Lowers Position in GATX Co. (NYSE:GATX)

Bank of New York Mellon Corp lessened its stake in GATX Co. (NYSE:GATX) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 314,583 shares of the transportation company’s stock after selling 4,453 shares during the period. Bank of New York Mellon Corp owned 0.89% of GATX worth $48,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its stake in GATX by 91.8% during the 4th 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 grew its stake in GATX by 184.6% during the 4th 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 purchased a new position in shares of GATX during the 4th quarter valued at about $46,000. Mather Group LLC. raised its stake in shares of GATX by 36.0% during the 4th 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 last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of GATX by 872.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 564 shares of the transportation company’s stock valued at $75,000 after buying an additional 506 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

GATX Stock Up 0.1 %

GATX stock opened at $159.69 on Thursday. GATX Co. has a 52 week low of $122.00 and a 52 week high of $168.89. The stock has a market capitalization of $5.68 billion, a P/E ratio of 20.55 and a beta of 0.99. The company has a quick ratio of 3.41, a current ratio of 2.77 and a debt-to-equity ratio of 3.37. The firm has a 50-day simple moving average of $160.21 and a 200-day simple moving average of $150.25.

GATX (NYSE:GATX) last issued its earnings results on Thursday, January 23rd. The transportation company reported $1.93 EPS for the quarter, topping 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 in the prior year, the firm earned $1.74 EPS. Equities analysts forecast that GATX Co. will post 8.5 earnings per share for the current fiscal year.

GATX Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from GATX’s previous quarterly dividend of $0.58. This represents a $2.44 dividend on an annualized basis and a yield of 1.53%. GATX’s dividend payout ratio is 31.40%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of GATX in a research note on Monday, November 18th. They set a “buy” rating and a $185.00 target price on the stock. Sidoti cut shares of 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.

Insiders Place Their Bets

In other news, VP Robert Zmudka sold 4,800 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $163.83, for a total value of $786,384.00. Following the completion of the sale, the vice president now directly owns 7,493 shares of the company’s stock, valued at approximately $1,227,578.19. The trade was 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 business’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 sale, 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. 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.