Ameritas Investment Partners Inc. Has $1.53 Million Stock Position in GATX Co. (NYSE:GATX)

Ameritas Investment Partners Inc. cut its stake in shares of GATX Co. (NYSE:GATX) by 1.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,407 shares of the transportation company’s stock after selling 211 shares during the period. Ameritas Investment Partners Inc.’s holdings in GATX were worth $1,529,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in GATX. Vanguard Group Inc. lifted its holdings in GATX by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,917,862 shares of the transportation company’s stock worth $471,005,000 after purchasing an additional 14,420 shares during the last quarter. Sei Investments Co. raised its stake in GATX by 5.7% in the 1st quarter. Sei Investments Co. now owns 828,719 shares of the transportation company’s stock worth $111,073,000 after purchasing an additional 44,517 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in GATX by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 447,361 shares of the transportation company’s stock valued at $53,782,000 after purchasing an additional 6,476 shares during the period. Norges Bank acquired a new stake in shares of GATX in the fourth quarter valued at approximately $41,112,000. Finally, Wells Fargo & Company MN boosted its stake in shares of GATX by 0.7% in the fourth quarter. Wells Fargo & Company MN now owns 139,680 shares of the transportation company’s stock valued at $16,792,000 after buying an additional 969 shares during the period. Institutional investors own 93.14% of the company’s stock.

Analysts Set New Price Targets

Separately, Susquehanna lifted their price objective on GATX from $120.00 to $122.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th.

GATX Price Performance

Shares of GATX stock traded up $0.26 on Wednesday, reaching $134.49. 128,740 shares of the stock were exchanged, compared to its average volume of 152,121. The firm’s 50 day moving average is $135.74 and its 200-day moving average is $130.38. The firm has a market cap of $4.79 billion, a PE ratio of 19.34 and a beta of 0.96. The company has a debt-to-equity ratio of 3.28, a quick ratio of 3.39 and a current ratio of 3.39. GATX Co. has a one year low of $97.21 and a one year high of $151.33.

GATX (NYSE:GATX) last issued its earnings results on Tuesday, July 23rd. The transportation company reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). GATX had a net margin of 17.64% and a return on equity of 11.29%. The business had revenue of $386.70 million during the quarter, compared to analyst estimates of $385.45 million. During the same period in the prior year, the business posted $1.73 EPS. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, analysts anticipate that GATX Co. will post 7.5 EPS for the current fiscal year.

GATX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, June 30th. Stockholders of record on Friday, June 14th were issued a $0.58 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.73%. GATX’s dividend payout ratio (DPR) is currently 33.05%.

Insider Activity

In other GATX news, VP Robert Zmudka sold 4,800 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $139.66, for a total value of $670,368.00. Following the sale, the vice president now owns 7,493 shares in the company, valued at $1,046,472.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Paul F. Titterton sold 9,000 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $139.37, for a total value of $1,254,330.00. Following the completion of the sale, the executive vice president now owns 11,373 shares of the company’s stock, valued at $1,585,055.01. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Robert Zmudka sold 4,800 shares of GATX stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $139.66, for a total value of $670,368.00. Following the completion of the transaction, the vice president now directly owns 7,493 shares in the company, valued at $1,046,472.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,800 shares of company stock worth $2,056,678. Corporate insiders own 1.80% of the company’s stock.

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.