GATX Co. (NYSE:GATX) Shares Sold by Boston Family Office LLC

Boston Family Office LLC cut its position in GATX Co. (NYSE:GATX) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,860 shares of the transportation company’s stock after selling 218 shares during the period. Boston Family Office LLC’s holdings in GATX were worth $1,063,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of GATX. Citigroup Inc. lifted its position in GATX by 209.7% during the third quarter. Citigroup Inc. now owns 29,602 shares of the transportation company’s stock valued at $3,921,000 after purchasing an additional 20,045 shares during the period. D.A. Davidson & CO. lifted its holdings in shares of GATX by 7.1% in the 3rd quarter. D.A. Davidson & CO. now owns 5,243 shares of the transportation company’s stock valued at $694,000 after buying an additional 346 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of GATX by 4.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 90,773 shares of the transportation company’s stock worth $12,023,000 after buying an additional 3,769 shares during the last quarter. Captrust Financial Advisors grew its holdings in GATX by 7.8% during the third quarter. Captrust Financial Advisors now owns 6,699 shares of the transportation company’s stock worth $887,000 after acquiring an additional 482 shares during the period. Finally, Edgestream Partners L.P. purchased a new position in GATX during the third quarter valued at approximately $564,000. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

GATX Trading Up 0.7 %

GATX stock opened at $156.35 on Wednesday. GATX Co. has a 52-week low of $122.00 and a 52-week high of $168.89. The company has a quick ratio of 3.41, a current ratio of 2.77 and a debt-to-equity ratio of 3.37. The firm has a market cap of $5.58 billion, a P/E ratio of 20.12 and a beta of 1.00. The company’s 50-day simple moving average is $160.84 and its 200-day simple moving average is $152.79.

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

GATX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from GATX’s previous quarterly dividend of $0.58. This represents a $2.44 dividend on an annualized basis and a yield of 1.56%. GATX’s dividend payout ratio is currently 31.40%.

Analyst Ratings Changes

Separately, Sidoti lowered GATX from a “buy” rating to a “neutral” rating and set a $158.00 price objective on the stock. in a research report on Wednesday, December 4th.

Insider Buying and Selling at GATX

In related news, VP Robert Zmudka sold 4,800 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were 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 trade represents a 39.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jeffery R. Young sold 297 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $164.63, for a total value of $48,895.11. Following 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 disclosure for this sale can be found here. Insiders own 2.17% of the company’s stock.

About GATX

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.