Swiss National Bank Has $10.31 Million Stake in GATX Co. (NYSE:GATX)

Swiss National Bank boosted its stake in GATX Co. (NYSE:GATX) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,500 shares of the transportation company’s stock after buying an additional 500 shares during the quarter. Swiss National Bank owned approximately 0.19% of GATX worth $10,305,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of GATX. UMB Bank n.a. boosted its stake in GATX by 91.8% in the 4th quarter. UMB Bank n.a. now owns 163 shares of the transportation company’s stock valued at $25,000 after buying an additional 78 shares in the last quarter. Assetmark Inc. boosted its stake in GATX by 60.4% in the 4th quarter. Assetmark Inc. now owns 178 shares of the transportation company’s stock valued at $28,000 after buying an additional 67 shares in the last quarter. Versant Capital Management Inc boosted its stake in GATX by 184.6% in the 4th quarter. Versant Capital Management Inc now owns 259 shares of the transportation company’s stock valued at $40,000 after buying an additional 168 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in GATX in the 4th quarter valued at $46,000. Finally, Mather Group LLC. boosted its stake in GATX by 36.0% in 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 in the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

Analyst Ratings Changes

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

GATX Price Performance

GATX stock opened at $155.97 on Friday. 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 firm has a market cap of $5.55 billion, a P/E ratio of 20.07 and a beta of 1.00. The business’s fifty day moving average is $160.25 and its two-hundred day moving average is $151.31. GATX Co. has a 52 week low of $122.00 and a 52 week high of $168.89.

GATX (NYSE:GATX) last posted its quarterly earnings data 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 return on equity of 12.07% and a net margin of 17.92%. During the same period last year, the company earned $1.74 EPS. Equities research analysts forecast that GATX Co. will post 8.5 earnings per share for the current fiscal year.

GATX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Friday, February 28th. This is a positive change from GATX’s previous quarterly dividend of $0.58. GATX’s dividend payout ratio is 31.40%.

Insider Activity

In related news, SVP Jeffery R. Young sold 297 shares of the company’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 completion of the sale, the senior vice president now owns 7,362 shares in the company, valued at approximately $1,212,006.06. This represents a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 value of $786,384.00. Following the completion of the sale, the vice president now owns 7,493 shares of the company’s stock, valued at $1,227,578.19. This represents a 39.05 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

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.