GATX Co. (NYSE:GATX) Stock Holdings Increased by Assetmark Inc.

Assetmark Inc. lifted its stake in GATX Co. (NYSE:GATX) by 60.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 178 shares of the transportation company’s stock after purchasing an additional 67 shares during the quarter. Assetmark Inc.’s holdings in GATX were worth $28,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in GATX by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 478,214 shares of the transportation company’s stock worth $74,104,000 after buying an additional 3,485 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in GATX in the fourth quarter worth approximately $4,562,000. Oppenheimer Asset Management Inc. increased its holdings in GATX by 1.7% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 34,729 shares of the transportation company’s stock worth $5,382,000 after buying an additional 578 shares during the last quarter. Amalgamated Bank increased its holdings in GATX by 1.6% in the fourth quarter. Amalgamated Bank now owns 16,267 shares of the transportation company’s stock worth $2,521,000 after buying an additional 255 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT acquired a new position in GATX in the fourth quarter worth approximately $252,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GATX shares. Sidoti downgraded 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. The Goldman Sachs Group began coverage on GATX in a report on Monday, November 18th. They set a “buy” rating and a $185.00 price target on the stock.

Insider Activity

In related news, SVP Jeffery R. Young sold 297 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $164.63, for a total value of $48,895.11. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert Zmudka sold 4,800 shares of the firm’s stock in a transaction on 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 transaction, the vice president now directly owns 7,493 shares of the company’s stock, valued at approximately $1,227,578.19. This trade represents a 39.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

GATX Trading Up 2.5 %

Shares of GATX stock opened at $153.70 on Monday. GATX Co. has a 12 month low of $122.00 and a 12 month high of $168.89. 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 business’s 50 day moving average is $159.98 and its two-hundred day moving average is $151.05. The company has a market cap of $5.47 billion, a PE ratio of 19.78 and a beta of 1.00.

GATX (NYSE:GATX) last announced its quarterly earnings results on Thursday, January 23rd. The transportation company reported $1.93 EPS for the quarter, beating 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 prior year, the firm earned $1.74 EPS. Equities analysts predict that GATX Co. will post 8.5 EPS for the current year.

GATX Increases Dividend

The firm 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 $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.59%. This is a boost from GATX’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, February 28th. GATX’s dividend payout ratio is currently 31.40%.

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.