US Bancorp DE Lowers Holdings in GATX Co. (NYSE:GATX)

US Bancorp DE decreased its holdings in GATX Co. (NYSE:GATX) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,128 shares of the transportation company’s stock after selling 837 shares during the quarter. US Bancorp DE owned 0.08% of GATX worth $4,514,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new stake in GATX in the fourth quarter valued at approximately $4,562,000. Oppenheimer Asset Management Inc. raised its holdings in GATX by 1.7% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 34,729 shares of the transportation company’s stock valued at $5,382,000 after acquiring an additional 578 shares in the last quarter. Amalgamated Bank raised its holdings in GATX by 1.6% in the fourth quarter. Amalgamated Bank now owns 16,267 shares of the transportation company’s stock valued at $2,521,000 after acquiring an additional 255 shares in the last quarter. Bradley Foster & Sargent Inc. CT acquired a new stake in GATX in the fourth quarter valued at approximately $252,000. Finally, Handelsbanken Fonder AB raised its holdings in GATX by 8.4% in the fourth quarter. Handelsbanken Fonder AB now owns 9,030 shares of the transportation company’s stock valued at $1,399,000 after acquiring an additional 700 shares in the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

Insider Activity

In related news, SVP Jeffery R. Young sold 297 shares of GATX stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $164.63, for a total value of $48,895.11. Following the transaction, the senior vice president now directly owns 7,362 shares in the company, valued at $1,212,006.06. This trade represents a 3.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 completion of the transaction, the vice president now owns 7,493 shares in the company, 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 Up 0.1 %

GATX stock opened at $159.69 on Thursday. The company has a current ratio of 2.77, a quick ratio of 3.41 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’s 50 day moving average is $160.21 and its two-hundred day moving average is $150.25. The stock has a market cap of $5.68 billion, a P/E ratio of 20.55 and a beta of 0.99.

GATX (NYSE:GATX) last announced its earnings results on Thursday, January 23rd. The transportation company reported $1.93 EPS for the quarter, beating 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 period in the previous year, the business posted $1.74 EPS. Research analysts expect that GATX Co. will post 8.5 earnings per share for the current fiscal year.

GATX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.53%. This is a boost from GATX’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, February 28th. GATX’s payout ratio is presently 31.40%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of GATX in a report on Monday, November 18th. They set a “buy” rating and a $185.00 price objective on the stock. Sidoti cut shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 price objective on the stock. in a report on Wednesday, December 4th.

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.