Amalgamated Bank Purchases 255 Shares of GATX Co. (NYSE:GATX)

Amalgamated Bank lifted its position in shares of GATX Co. (NYSE:GATX) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,267 shares of the transportation company’s stock after purchasing an additional 255 shares during the period. Amalgamated Bank’s holdings in GATX were worth $2,521,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. HighTower Advisors LLC increased its position in GATX by 0.6% during the 3rd quarter. HighTower Advisors LLC now owns 10,692 shares of the transportation company’s stock worth $1,418,000 after buying an additional 68 shares during the period. Savant Capital LLC boosted its holdings in GATX by 4.6% in the 4th quarter. Savant Capital LLC now owns 1,584 shares of the transportation company’s stock valued at $245,000 after purchasing an additional 69 shares during the period. Principal Securities Inc. grew its position in shares of GATX by 9.0% during the 4th quarter. Principal Securities Inc. now owns 919 shares of the transportation company’s stock worth $142,000 after purchasing an additional 76 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of GATX by 91.8% during the fourth quarter. UMB Bank n.a. now owns 163 shares of the transportation company’s stock worth $25,000 after purchasing an additional 78 shares during the period. Finally, Integrated Investment Consultants LLC raised its position in shares of GATX by 2.1% in the fourth quarter. Integrated Investment Consultants LLC now owns 3,907 shares of the transportation company’s stock valued at $605,000 after buying an additional 82 shares in the last quarter. 93.14% of the stock is owned by institutional investors and hedge funds.

GATX Trading Up 1.6 %

Shares of GATX stock opened at $167.11 on Friday. GATX Co. has a fifty-two week low of $122.00 and a fifty-two week high of $168.89. The stock’s fifty day moving average price is $159.99 and its two-hundred day moving average price is $149.73. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.41 and a current ratio of 2.77. The company has a market cap of $5.95 billion, a PE ratio of 21.51 and a beta of 0.99.

GATX (NYSE:GATX) last released its 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 return on equity of 12.07% and a net margin of 17.92%. During the same period in the previous year, the firm earned $1.74 EPS. Equities analysts predict that GATX Co. will post 8.5 EPS for the current fiscal year.

GATX Increases Dividend

The business also recently announced 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. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from GATX’s previous quarterly dividend of $0.58. GATX’s payout ratio is presently 31.40%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on GATX shares. The Goldman Sachs Group began coverage on GATX in a research report on Monday, November 18th. They set a “buy” rating and a $185.00 price target on the stock. 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 report on Wednesday, December 4th.

Insider Transactions at GATX

In other GATX news, VP Robert Zmudka sold 4,800 shares of the 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 transaction, the vice president now directly owns 7,493 shares in the company, valued at approximately $1,227,578.19. This trade represents a 39.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jeffery R. Young sold 297 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $164.63, for a total value of $48,895.11. Following the sale, the senior vice president now owns 7,362 shares in the company, valued at approximately $1,212,006.06. This trade represents a 3.88 % 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.