Mariner LLC Reduces Stock Position in GATX Co. (NYSE:GATX)

Mariner LLC cut its stake in GATX Co. (NYSE:GATX) by 6.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,926 shares of the transportation company’s stock after selling 377 shares during the period. Mariner LLC’s holdings in GATX were worth $918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in GATX by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 3,949,889 shares of the transportation company’s stock worth $612,075,000 after acquiring an additional 17,885 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of GATX by 12.1% during the 4th quarter. American Century Companies Inc. now owns 1,099,447 shares of the transportation company’s stock worth $170,370,000 after purchasing an additional 118,306 shares during the period. Wellington Management Group LLP increased its position in shares of GATX by 1.7% during the 4th quarter. Wellington Management Group LLP now owns 1,021,743 shares of the transportation company’s stock worth $158,329,000 after purchasing an additional 17,273 shares during the last quarter. Sei Investments Co. increased its position in shares of GATX by 6.6% during the 4th quarter. Sei Investments Co. now owns 902,691 shares of the transportation company’s stock worth $139,881,000 after purchasing an additional 56,041 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of GATX by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 478,214 shares of the transportation company’s stock worth $74,104,000 after purchasing an additional 3,485 shares during the last quarter. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at GATX

In other GATX 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 value of $48,895.11. Following the completion of the transaction, the senior vice president now directly owns 7,362 shares of the company’s stock, valued at $1,212,006.06. The trade was a 3.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Robert Zmudka sold 4,800 shares of the business’s 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 transaction, 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. 2.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GATX has been the subject of a number of recent analyst reports. The Goldman Sachs Group reissued a “buy” rating on shares of GATX in a research report on Wednesday. Susquehanna cut their price objective on GATX from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Thursday.

GATX Stock Performance

NYSE GATX opened at $144.88 on Monday. The company has a market cap of $5.17 billion, a P/E ratio of 18.65 and a beta of 1.00. 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 50-day moving average of $153.53 and a two-hundred day moving average of $154.35. GATX Co. has a 1-year low of $122.00 and a 1-year high of $168.89.

GATX (NYSE:GATX) last released its earnings results on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.06. The company had revenue of $421.60 million during the quarter, compared to the consensus estimate of $417.06 million. 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 company posted $2.01 EPS. As a group, analysts anticipate that GATX Co. will post 8.5 EPS for the current year.

GATX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.68%. GATX’s dividend payout ratio is currently 30.93%.

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.