1,625 Shares in GATX Co. (NYSE:GATX) Acquired by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT bought a new position in GATX Co. (NYSE:GATX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,625 shares of the transportation company’s stock, valued at approximately $252,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in GATX by 0.6% in the third quarter. State Street Corp now owns 1,294,895 shares of the transportation company’s stock worth $171,509,000 after purchasing an additional 7,585 shares during the last quarter. Geode Capital Management LLC boosted its holdings in GATX by 1.5% in the third quarter. Geode Capital Management LLC now owns 849,603 shares of the transportation company’s stock worth $112,550,000 after purchasing an additional 12,571 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in GATX by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 474,729 shares of the transportation company’s stock worth $62,878,000 after acquiring an additional 17,255 shares during the period. New York State Common Retirement Fund raised its position in GATX by 2.9% in the fourth quarter. New York State Common Retirement Fund now owns 183,722 shares of the transportation company’s stock worth $28,470,000 after acquiring an additional 5,163 shares during the period. Finally, Natixis Advisors LLC raised its position in GATX by 2.2% in the third quarter. Natixis Advisors LLC now owns 167,651 shares of the transportation company’s stock worth $22,206,000 after acquiring an additional 3,580 shares during the period. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, SVP Jeffery R. Young sold 297 shares of the firm’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 of the company’s stock, valued at approximately $1,212,006.06. This trade represents a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $786,384.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

GATX Stock Down 1.4 %

Shares of GATX stock opened at $161.89 on Monday. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 20.84 and a beta of 0.99. GATX Co. has a one year low of $122.00 and a one year high of $168.89. The company’s fifty day moving average price is $159.39 and its 200-day moving average price is $148.95. 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 announced its quarterly earnings data on Thursday, January 23rd. The transportation company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.68 by $0.25. GATX had a net margin of 17.92% and a return on equity of 12.07%. During the same quarter in the prior year, the business posted $1.74 EPS. Sell-side analysts expect that GATX Co. will post 8.5 EPS for the current fiscal year.

GATX Increases Dividend

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

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.