EntryPoint Capital LLC Trims Position in GATX Co. (NYSE:GATX)

EntryPoint Capital LLC reduced its position in GATX Co. (NYSE:GATX) by 31.9% in the 4th quarter, Holdings Channel reports. The fund owned 1,634 shares of the transportation company’s stock after selling 765 shares during the period. EntryPoint Capital LLC’s holdings in GATX were worth $253,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GATX. JPMorgan Chase & Co. lifted its holdings in shares of GATX by 19.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 92,861 shares of the transportation company’s stock worth $12,299,000 after acquiring an additional 15,092 shares during the period. State Street Corp grew 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 valued at $171,509,000 after purchasing an additional 7,585 shares during the period. Allspring Global Investments Holdings LLC increased its position in GATX by 44.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 40,031 shares of the transportation company’s stock worth $6,085,000 after purchasing an additional 12,342 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in GATX by 3.8% during the third 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 period. Finally, Bradley Foster & Sargent Inc. CT acquired a new position in shares of GATX in the 4th quarter valued at $252,000. 93.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at GATX

In other news, SVP Jeffery R. Young sold 297 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $164.63, for a total transaction of $48,895.11. Following the transaction, the senior vice president now 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Robert Zmudka sold 4,800 shares of the business’s stock in a transaction dated 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 approximately $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. Company insiders own 2.17% of the company’s stock.

GATX Stock Down 2.1 %

GATX opened at $155.94 on Friday. GATX Co. has a 1 year low of $122.00 and a 1 year high of $168.89. The firm has a 50 day moving average price of $160.81 and a 200 day moving average price of $152.25. 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 company has a market cap of $5.56 billion, a PE ratio of 20.07 and a beta of 1.00.

GATX (NYSE:GATX) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $1.93 earnings per share (EPS) for the quarter, topping 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 period last year, the company earned $1.74 earnings per share. Sell-side analysts expect that GATX Co. will post 8.5 earnings per share for the current year.

GATX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from GATX’s previous quarterly dividend of $0.58. GATX’s payout ratio is currently 31.40%.

Analysts Set New Price Targets

Separately, Sidoti downgraded GATX from a “buy” rating to a “neutral” rating and set a $158.00 price objective for the company. in a 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.