Xponance Inc. Acquires 237 Shares of GATX Co. (NYSE:GATX)

Xponance Inc. raised its stake in shares of GATX Co. (NYSE:GATX) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,058 shares of the transportation company’s stock after purchasing an additional 237 shares during the period. Xponance Inc.’s holdings in GATX were worth $784,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in shares of GATX in the fourth quarter worth approximately $5,391,000. Proficio Capital Partners LLC acquired a new position in shares of GATX in the 4th quarter worth approximately $4,562,000. EULAV Asset Management boosted its stake in shares of GATX by 125.0% in the 4th quarter. EULAV Asset Management now owns 37,800 shares of the transportation company’s stock valued at $5,857,000 after purchasing an additional 21,000 shares during the last quarter. Citigroup Inc. increased its position in shares of GATX by 209.7% during the third quarter. Citigroup Inc. now owns 29,602 shares of the transportation company’s stock worth $3,921,000 after buying an additional 20,045 shares during the period. Finally, NFJ Investment Group LLC bought a new position in GATX during the third quarter worth $2,479,000. 93.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Activity

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 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 approximately $1,212,006.06. The trade was a 3.88 % decrease in their position. 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 stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $163.83, for a total value 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. This trade represents a 39.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

GATX Stock Performance

NYSE:GATX opened at $158.00 on Tuesday. 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 Co. has a twelve month low of $122.00 and a twelve month high of $168.89. The company has a fifty day moving average of $160.49 and a 200-day moving average of $151.81. The firm has a market capitalization of $5.64 billion, a P/E ratio of 20.34 and a beta of 1.00.

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 the consensus estimate 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 period in the prior year, the company earned $1.74 earnings per share. As a group, sell-side analysts anticipate that GATX Co. will post 8.5 EPS for the current year.

GATX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.44 annualized dividend and a yield of 1.54%. This is a positive change from GATX’s previous quarterly dividend of $0.58. GATX’s dividend payout ratio is presently 31.40%.

GATX 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.