1,553 Shares in GATX Co. (NYSE:GATX) Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC acquired a new position in shares of GATX Co. (NYSE:GATX) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,553 shares of the transportation company’s stock, valued at approximately $241,000.

Several other institutional investors have also recently modified their holdings of the stock. CWM LLC grew its stake in GATX by 20.2% in the 3rd quarter. CWM LLC now owns 487 shares of the transportation company’s stock worth $65,000 after acquiring an additional 82 shares during the period. Creative Planning grew its stake in GATX by 0.8% in the 3rd quarter. Creative Planning now owns 28,076 shares of the transportation company’s stock worth $3,719,000 after acquiring an additional 218 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of GATX during the 3rd quarter valued at $3,922,000. State of Alaska Department of Revenue grew its stake in shares of GATX by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 4,114 shares of the transportation company’s stock valued at $544,000 after buying an additional 280 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in shares of GATX by 1.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 10,511 shares of the transportation company’s stock valued at $1,392,000 after buying an additional 193 shares during the period. 93.14% of the stock is currently owned by institutional investors and hedge funds.

GATX Stock Down 1.4 %

Shares of NYSE GATX opened at $161.89 on Friday. 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 stock has a market capitalization of $5.75 billion, a PE ratio of 20.84 and a beta of 0.99. The firm has a fifty day moving average of $159.39 and a 200-day moving average of $148.73. GATX Co. has a 52-week low of $122.00 and a 52-week high of $168.89.

GATX (NYSE:GATX) last posted its earnings results on Thursday, January 23rd. The transportation company reported $1.93 earnings per share for the quarter, beating the consensus estimate 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 business posted $1.74 EPS. On average, analysts anticipate that GATX Co. will post 8.5 EPS for the current 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 issued a dividend of $0.61 per share. This is a positive change 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 dividend yield of 1.51%. GATX’s payout ratio is presently 29.86%.

Analyst Ratings Changes

Several 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 price objective for the company. Sidoti cut shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 price objective for the company. in a research note on Wednesday, December 4th.

Insider Activity at GATX

In other GATX news, SVP Jeffery R. Young sold 297 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $164.63, for a total value of $48,895.11. Following 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Robert Zmudka sold 4,800 shares of the company’s stock in a transaction dated 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 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. Company 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.