Skylands Capital LLC Sells 1,000 Shares of GATX Co. (NYSE:GATX)

Skylands Capital LLC reduced its stake in GATX Co. (NYSE:GATX) by 23.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,245 shares of the transportation company’s stock after selling 1,000 shares during the period. Skylands Capital LLC’s holdings in GATX were worth $503,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GATX. HighTower Advisors LLC grew its stake in GATX by 0.6% during the third quarter. HighTower Advisors LLC now owns 10,692 shares of the transportation company’s stock valued at $1,418,000 after acquiring an additional 68 shares in the last quarter. 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 valued at $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% in 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, CWM LLC raised its position in shares of GATX by 20.2% in the third quarter. CWM LLC now owns 487 shares of the transportation company’s stock worth $65,000 after buying an additional 82 shares in the last quarter. 93.14% of the stock is owned by institutional investors.

GATX Price Performance

Shares of NYSE:GATX opened at $162.01 on Tuesday. The company’s fifty day moving average price is $159.38 and its 200-day moving average price is $149.13. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.77 and a quick ratio of 3.41. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 20.85 and a beta of 0.99. GATX Co. has a one year low of $122.00 and a one year high of $168.89.

GATX (NYSE:GATX) last released its earnings results on Thursday, January 23rd. The transportation company reported $1.93 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. On average, equities research analysts anticipate that GATX Co. will post 8.5 earnings per share for the current fiscal year.

GATX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a $0.61 dividend. This is an increase from GATX’s previous quarterly dividend of $0.58. The ex-dividend date is Friday, February 28th. This represents a $2.44 dividend on an annualized basis and a yield of 1.51%. GATX’s payout ratio is presently 29.86%.

Insiders Place Their Bets

In other GATX news, VP Robert Zmudka sold 4,800 shares of the business’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 completion of the sale, the vice president now directly owns 7,493 shares of the company’s stock, valued at $1,227,578.19. The trade was a 39.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Jeffery R. Young sold 297 shares of the firm’s stock in a transaction dated 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 directly owns 7,362 shares in the company, valued at $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. 1.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

GATX has been the subject of several recent analyst reports. The Goldman Sachs Group started coverage on GATX in a research report on Monday, November 18th. They set a “buy” rating and a $185.00 target price for the company. Sidoti downgraded GATX from a “buy” rating to a “neutral” rating and set a $158.00 price target for the company. in a research report on Wednesday, December 4th.

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.