Handelsbanken Fonder AB Purchases 700 Shares of GATX Co. (NYSE:GATX)

Handelsbanken Fonder AB raised its position in GATX Co. (NYSE:GATX) by 8.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,030 shares of the transportation company’s stock after acquiring an additional 700 shares during the quarter. Handelsbanken Fonder AB’s holdings in GATX were worth $1,399,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. lifted its stake in shares of GATX by 91.8% in the 4th quarter. UMB Bank n.a. now owns 163 shares of the transportation company’s stock worth $25,000 after purchasing an additional 78 shares during the period. Versant Capital Management Inc raised its position in GATX by 184.6% in 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 period. Compagnie Lombard Odier SCmA purchased a new position in shares of GATX during the 4th quarter worth $46,000. Mather Group LLC. boosted its stake in shares of GATX by 36.0% during the 4th quarter. Mather Group LLC. now owns 423 shares of the transportation company’s stock worth $66,000 after acquiring an additional 112 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of GATX by 872.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 564 shares of the transportation company’s stock valued at $75,000 after acquiring an additional 506 shares during the period. 93.14% of the stock is owned by hedge funds and other institutional investors.

GATX Stock Up 0.4 %

Shares of GATX stock opened at $163.52 on Thursday. The company has a market capitalization of $5.82 billion, a price-to-earnings ratio of 21.05 and a beta of 0.99. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.77 and a quick ratio of 3.41. The company’s fifty day moving average price is $159.58 and its 200-day moving average price is $149.41. GATX Co. has a one year low of $122.00 and a one year high of $168.89.

GATX (NYSE:GATX) last posted its quarterly earnings results 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 quarter in the previous year, the firm earned $1.74 EPS. Sell-side analysts expect that GATX Co. will post 8.5 EPS for the current fiscal year.

GATX Increases Dividend

The business 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. The ex-dividend date is Friday, February 28th. This represents a $2.44 annualized dividend and a dividend yield of 1.49%. This is a boost from GATX’s previous quarterly dividend of $0.58. GATX’s dividend payout ratio (DPR) is presently 31.40%.

Insider Transactions at GATX

In other news, VP Robert Zmudka sold 4,800 shares of the business’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 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. The trade was a 39.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jeffery R. Young sold 297 shares of the company’s stock in a transaction dated 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 owns 7,362 shares in the company, valued at $1,212,006.06. This represents a 3.88 % 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.

Analyst Ratings Changes

GATX has been the topic of several analyst reports. The Goldman Sachs Group began coverage on GATX in a research report on Monday, November 18th. They set a “buy” rating and a $185.00 target price on the stock. Sidoti cut GATX from a “buy” rating to a “neutral” rating and set a $158.00 price objective 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.