GATX Co. (NYSE:GATX) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC trimmed its position in GATX Co. (NYSE:GATX) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,641 shares of the transportation company’s stock after selling 146 shares during the period. Rice Hall James & Associates LLC owned about 0.07% of GATX worth $3,818,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GATX. International Assets Investment Management LLC acquired a new stake in GATX in the 3rd quarter worth about $3,922,000. EULAV Asset Management boosted its holdings in shares of GATX by 125.0% during the 4th quarter. EULAV Asset Management now owns 37,800 shares of the transportation company’s stock worth $5,857,000 after purchasing an additional 21,000 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of GATX by 209.7% during the 3rd quarter. Citigroup Inc. now owns 29,602 shares of the transportation company’s stock worth $3,921,000 after purchasing an additional 20,045 shares during the last quarter. NFJ Investment Group LLC acquired a new position in shares of GATX during the 3rd quarter worth approximately $2,479,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of GATX by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 474,729 shares of the transportation company’s stock worth $62,878,000 after purchasing an additional 17,255 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on GATX shares. Sidoti cut GATX from a “buy” rating to a “neutral” rating and set a $158.00 target price on the stock. in a report on Wednesday, December 4th. The Goldman Sachs Group started coverage on GATX in a report on Monday, November 18th. They set a “buy” rating and a $185.00 target price on the stock.

GATX Trading Up 1.0 %

GATX opened at $167.01 on Wednesday. GATX Co. has a one year low of $122.00 and a one year high of $168.89. The stock has a market capitalization of $5.93 billion, a PE ratio of 21.49 and a beta of 0.99. The business’s 50 day moving average price is $159.28 and its 200 day moving average price is $148.06. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.41 and a current ratio of 2.77.

GATX (NYSE:GATX) last released its quarterly earnings data 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. As a group, equities research analysts expect that GATX Co. will post 8.5 EPS for the current year.

GATX Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a $0.61 dividend. The ex-dividend date is Friday, February 28th. This is a boost from GATX’s previous quarterly dividend of $0.58. This represents a $2.44 dividend on an annualized basis and a yield of 1.46%. GATX’s dividend payout ratio is currently 29.86%.

Insider Activity at GATX

In other GATX news, SVP Jeffery R. Young sold 297 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $1,212,006.06. The trade was a 3.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Robert Zmudka sold 4,800 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $1,227,578.19. The trade was 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.

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.