Connor Clark & Lunn Investment Management Ltd. Invests $816,000 in GATX Co. (NYSE:GATX)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in GATX Co. (NYSE:GATX) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,269 shares of the transportation company’s stock, valued at approximately $816,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GATX. Intech Investment Management LLC purchased a new position in GATX in the third quarter valued at $762,000. Charles Schwab Investment Management Inc. boosted its holdings 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 valued at $62,878,000 after purchasing an additional 17,255 shares during the period. Citigroup Inc. boosted its holdings in GATX by 209.7% in the third quarter. Citigroup Inc. now owns 29,602 shares of the transportation company’s stock valued at $3,921,000 after purchasing an additional 20,045 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in GATX in the third quarter valued at $1,410,000. Finally, Boston Family Office LLC boosted its holdings in GATX by 12.2% in the third quarter. Boston Family Office LLC now owns 7,078 shares of the transportation company’s stock valued at $937,000 after purchasing an additional 767 shares during the period. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Transactions at GATX

In other news, SVP Jeffery R. Young sold 297 shares of GATX 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 sale, the senior vice president now owns 7,362 shares in the company, valued at approximately $1,212,006.06. The trade was a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert Zmudka sold 4,800 shares of GATX stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $163.83, for a total value of $786,384.00. Following the sale, 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 disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

GATX Stock Down 0.8 %

GATX stock opened at $154.68 on Friday. GATX Co. has a 1-year low of $122.00 and a 1-year high of $168.89. 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 stock has a market cap of $5.52 billion, a PE ratio of 19.91 and a beta of 1.00. The stock’s fifty day moving average is $160.34 and its two-hundred day moving average is $151.40.

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 previous year, the firm earned $1.74 EPS. On average, sell-side analysts expect that GATX Co. will post 8.5 EPS for the current fiscal year.

GATX Increases Dividend

The firm 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. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from GATX’s previous quarterly dividend of $0.58. This represents a $2.44 dividend on an annualized basis and a yield of 1.58%. GATX’s dividend payout ratio (DPR) is currently 31.40%.

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.