Intech Investment Management LLC Has $2.24 Million Position in GATX Co. (NYSE:GATX)

Intech Investment Management LLC lifted its holdings in shares of GATX Co. (NYSE:GATX) by 150.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,425 shares of the transportation company’s stock after purchasing an additional 8,673 shares during the quarter. Intech Investment Management LLC’s holdings in GATX were worth $2,235,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. State Street Corp raised its position in shares of GATX by 0.6% during 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 period. Geode Capital Management LLC raised its position in GATX by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 849,603 shares of the transportation company’s stock valued at $112,550,000 after buying an additional 12,571 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in GATX by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 478,214 shares of the transportation company’s stock valued at $74,104,000 after buying an additional 3,485 shares during the last quarter. New York State Common Retirement Fund raised its position in GATX by 2.9% in the 4th quarter. New York State Common Retirement Fund now owns 183,722 shares of the transportation company’s stock valued at $28,470,000 after buying an additional 5,163 shares during the last quarter. Finally, Natixis Advisors LLC raised its position in GATX by 7.3% in the 4th quarter. Natixis Advisors LLC now owns 179,892 shares of the transportation company’s stock valued at $27,876,000 after buying an additional 12,241 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Stock Down 0.3 %

Shares of GATX stock opened at $155.97 on Friday. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.41 and a current ratio of 2.77. The business’s 50 day simple moving average is $160.25 and its 200 day simple moving average is $151.31. The firm has a market cap of $5.55 billion, a PE ratio of 20.07 and a beta of 1.00. GATX Co. has a 52-week low of $122.00 and a 52-week high of $168.89.

GATX (NYSE:GATX) last posted its quarterly earnings results on Thursday, January 23rd. The transportation company reported $1.93 earnings per share 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 prior year, the business earned $1.74 earnings per share. On average, analysts predict that GATX Co. will post 8.5 earnings per share for the current fiscal year.

GATX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.56%. 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 currently 31.40%.

Insider Buying and Selling at GATX

In other news, SVP Jeffery R. Young sold 297 shares of GATX stock in a transaction that occurred on Wednesday, February 5th. The stock was 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. The trade was a 3.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Robert Zmudka sold 4,800 shares of GATX stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $163.83, for a total value of $786,384.00. Following the transaction, the vice president now owns 7,493 shares of the company’s stock, valued at $1,227,578.19. This represents a 39.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Sidoti lowered GATX from a “buy” rating to a “neutral” rating and set a $158.00 target price on the stock. in a research report on Wednesday, December 4th.

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.