Synovus Financial Corp Decreases Stock Holdings in GATX Co. (NYSE:GATX)

Synovus Financial Corp lessened its stake in GATX Co. (NYSE:GATX) by 50.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,522 shares of the transportation company’s stock after selling 1,522 shares during the period. Synovus Financial Corp’s holdings in GATX were worth $236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. lifted its position in GATX by 91.8% during the fourth quarter. UMB Bank n.a. now owns 163 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 78 shares during the last quarter. Assetmark Inc. boosted its position in shares of GATX by 60.4% in the 4th quarter. Assetmark Inc. now owns 178 shares of the transportation company’s stock worth $28,000 after purchasing an additional 67 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in GATX during the 4th quarter worth $39,000. Versant Capital Management Inc grew its stake in shares of GATX by 184.6% during the fourth quarter. Versant Capital Management Inc now owns 259 shares of the transportation company’s stock worth $40,000 after acquiring an additional 168 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA acquired a new stake in shares of GATX during the fourth quarter worth about $46,000. 93.14% of the stock is currently owned by institutional investors.

Insider Transactions at GATX

In other news, VP Robert Zmudka sold 4,800 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $163.83, for a total transaction of $786,384.00. Following the transaction, the vice president now owns 7,493 shares in the company, valued at $1,227,578.19. This trade represents a 39.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jeffery R. Young sold 297 shares of GATX 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 sale, the senior vice president now directly owns 7,362 shares in the company, valued at $1,212,006.06. This represents a 3.88 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.17% of the company’s stock.

GATX Stock Performance

Shares of NYSE GATX opened at $147.00 on Friday. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 18.92 and a beta of 1.00. GATX Co. has a 12 month low of $122.00 and a 12 month high of $168.89. The company has a 50 day simple moving average of $155.98 and a two-hundred day simple moving average of $153.46. The company has a current ratio of 2.77, a quick ratio of 3.41 and a debt-to-equity ratio of 3.37.

GATX (NYSE:GATX) last posted its quarterly earnings results 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 period last year, the business earned $1.74 EPS. As a group, analysts predict that GATX Co. will post 8.5 earnings per share for the current year.

GATX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were issued a $0.61 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from GATX’s previous quarterly dividend of $0.58. This represents a $2.44 dividend on an annualized basis and a yield of 1.66%. GATX’s payout ratio is presently 31.40%.

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.