Xponance Inc. Acquires 237 Shares of GATX Co. (NYSE:GATX)

Xponance Inc. raised its holdings in GATX Co. (NYSE:GATX) by 4.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,058 shares of the transportation company’s stock after purchasing an additional 237 shares during the period. Xponance Inc.’s holdings in GATX were worth $784,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GATX. Intech Investment Management LLC grew its position in GATX by 150.8% during the fourth quarter. Intech Investment Management LLC now owns 14,425 shares of the transportation company’s stock worth $2,235,000 after buying an additional 8,673 shares in the last quarter. Cibc World Markets Corp acquired a new position in GATX in the 4th quarter valued at $517,000. Natixis Advisors LLC lifted its position in shares of GATX by 7.3% during the 4th quarter. Natixis Advisors LLC now owns 179,892 shares of the transportation company’s stock valued at $27,876,000 after acquiring an additional 12,241 shares during the period. Swiss National Bank grew its holdings in shares of GATX by 0.8% during the 4th quarter. Swiss National Bank now owns 66,500 shares of the transportation company’s stock worth $10,305,000 after purchasing an additional 500 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of GATX in the fourth quarter worth $816,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Stock Up 2.0 %

NYSE GATX opened at $158.00 on Tuesday. The business has a fifty day moving average price of $160.49 and a two-hundred day moving average price of $151.81. The stock has a market capitalization of $5.64 billion, a PE ratio of 20.34 and a beta of 1.00. GATX Co. has a fifty-two week low of $122.00 and a fifty-two week high of $168.89. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.77 and a quick ratio of 3.41.

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

GATX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.54%. This is a boost from GATX’s previous quarterly dividend of $0.58. The ex-dividend date is Friday, February 28th. GATX’s dividend payout ratio is currently 31.40%.

Insider Activity at GATX

In other news, SVP Jeffery R. Young sold 297 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $164.63, for a total transaction of $48,895.11. Following the completion of the transaction, the senior vice president now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert Zmudka sold 4,800 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $163.83, for a total value of $786,384.00. Following the sale, 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 position. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, 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.

GATX 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.