GATX Co. (NYSE:GATX) Stock Holdings Trimmed by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. trimmed its position in GATX Co. (NYSE:GATX) by 9.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 264,885 shares of the transportation company’s stock after selling 26,481 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in GATX were worth $41,047,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp boosted its stake in GATX by 0.6% during the 3rd quarter. State Street Corp now owns 1,294,895 shares of the transportation company’s stock valued at $171,509,000 after purchasing an additional 7,585 shares during the period. Geode Capital Management LLC raised its holdings in shares of GATX by 1.5% during the third quarter. Geode Capital Management LLC now owns 849,603 shares of the transportation company’s stock valued at $112,550,000 after buying an additional 12,571 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of GATX by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 474,729 shares of the transportation company’s stock worth $62,878,000 after buying an additional 17,255 shares during the period. Natixis Advisors LLC grew its holdings in GATX by 2.2% in the 3rd quarter. Natixis Advisors LLC now owns 167,651 shares of the transportation company’s stock worth $22,206,000 after buying an additional 3,580 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in GATX by 19.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 92,861 shares of the transportation company’s stock valued at $12,299,000 after acquiring an additional 15,092 shares during the period. 93.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GATX. Sidoti lowered GATX from a “buy” rating to a “neutral” rating and set a $158.00 price target for the company. in a research report on Wednesday, December 4th. Susquehanna upped their price objective on shares of GATX from $122.00 to $140.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Finally, The Goldman Sachs Group began coverage on shares of GATX in a research note on Monday, November 18th. They set a “buy” rating and a $185.00 target price on the stock.

GATX Trading Down 0.6 %

Shares of GATX stock opened at $165.52 on Friday. The business has a fifty day simple moving average of $158.87 and a 200-day simple moving average of $146.73. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 21.30 and a beta of 0.99. GATX Co. has a fifty-two week low of $122.00 and a fifty-two week high of $168.29. The company has a quick ratio of 3.41, a current ratio of 2.77 and a debt-to-equity ratio of 3.37.

GATX (NYSE:GATX) last issued its earnings results on Thursday, January 23rd. The transportation company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the business earned $1.74 earnings per share. On average, equities analysts forecast that GATX Co. will post 8.5 EPS for the current fiscal year.

GATX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 represents a $2.44 dividend on an annualized basis and a yield of 1.47%. This is a boost from GATX’s previous quarterly dividend of $0.58. GATX’s dividend payout ratio (DPR) is currently 29.86%.

Insider Buying and Selling at GATX

In related news, SVP Jeffery R. Young sold 297 shares of GATX stock in a transaction on 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 sale, the senior vice president now owns 7,362 shares of the company’s stock, valued at approximately $1,212,006.06. This trade represents 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 the SEC website. Also, VP Robert Zmudka sold 4,800 shares of the firm’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 sale, the vice president now directly owns 7,493 shares of the company’s stock, valued at $1,227,578.19. This trade represents a 39.05 % 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.

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.