JPMorgan Chase & Co. Has $26.15 Million Position in GATX Co. (NYSE:GATX)

JPMorgan Chase & Co. raised its stake in shares of GATX Co. (NYSE:GATX) by 81.7% during the 4th quarter, HoldingsChannel reports. The firm owned 168,747 shares of the transportation company’s stock after purchasing an additional 75,886 shares during the quarter. JPMorgan Chase & Co.’s holdings in GATX were worth $26,149,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of GATX. Vanguard Group Inc. boosted its holdings in shares of GATX by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 3,949,889 shares of the transportation company’s stock worth $612,075,000 after buying an additional 17,885 shares during the period. State Street Corp lifted its position in GATX by 0.6% during the 3rd quarter. State Street Corp now owns 1,294,895 shares of the transportation company’s stock worth $171,509,000 after acquiring an additional 7,585 shares during the last quarter. American Century Companies Inc. boosted its holdings in GATX by 12.1% during the fourth quarter. American Century Companies Inc. now owns 1,099,447 shares of the transportation company’s stock valued at $170,370,000 after acquiring an additional 118,306 shares during the period. Sei Investments Co. grew its position in shares of GATX by 6.6% in the fourth quarter. Sei Investments Co. now owns 902,691 shares of the transportation company’s stock valued at $139,881,000 after purchasing an additional 56,041 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of GATX by 1.5% in the third quarter. Geode Capital Management LLC now owns 849,603 shares of the transportation company’s stock worth $112,550,000 after purchasing an additional 12,571 shares during the period. Institutional investors own 93.14% of the company’s stock.

Insider Activity

In other GATX news, VP Robert Zmudka sold 4,800 shares of GATX 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 sale, the vice president now owns 7,493 shares in the company, valued at $1,227,578.19. The trade was a 39.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jeffery R. Young sold 297 shares of the 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 transaction, the senior vice president now owns 7,362 shares of the company’s stock, valued at approximately $1,212,006.06. This represents a 3.88 % decrease in their position. The disclosure for this sale can be found here. 2.17% of the stock is owned by company insiders.

GATX Price Performance

NYSE GATX opened at $141.03 on Wednesday. The stock has a market capitalization of $5.03 billion, a PE ratio of 18.15 and a beta of 1.00. The stock has a 50-day simple moving average of $158.79 and a 200 day simple moving average of $153.01. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.41 and a current ratio of 2.77. GATX Co. has a twelve month low of $122.00 and a twelve month high of $168.89.

GATX (NYSE:GATX) last posted its quarterly earnings data on Thursday, January 23rd. The transportation company reported $1.93 earnings per share for the quarter, beating the consensus estimate 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 business earned $1.74 earnings per share. Research analysts anticipate that GATX Co. will post 8.5 EPS for the current year.

GATX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were issued a dividend of $0.61 per share. This is an increase from GATX’s previous quarterly dividend of $0.58. The ex-dividend date was Friday, February 28th. This represents a $2.44 annualized dividend and a dividend yield of 1.73%. GATX’s payout ratio is presently 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.