Huntington National Bank Buys 121 Shares of GATX Co. (NYSE:GATX)

Huntington National Bank boosted its stake in GATX Co. (NYSE:GATX) by 54.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 344 shares of the transportation company’s stock after buying an additional 121 shares during the period. Huntington National Bank’s holdings in GATX were worth $53,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. UMB Bank n.a. increased its stake in shares of GATX by 91.8% during the fourth quarter. UMB Bank n.a. now owns 163 shares of the transportation company’s stock worth $25,000 after purchasing an additional 78 shares during the period. Assetmark Inc. increased its position in GATX by 60.4% during the 4th quarter. Assetmark Inc. now owns 178 shares of the transportation company’s stock worth $28,000 after buying an additional 67 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in shares of GATX during the fourth quarter worth $39,000. Versant Capital Management Inc boosted its position in shares of GATX by 184.6% in the fourth quarter. Versant Capital Management Inc now owns 259 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 168 shares during the period. Finally, Compagnie Lombard Odier SCmA acquired a new position in shares of GATX in the fourth quarter valued at about $46,000. 93.14% of the stock is owned by institutional investors.

Insider Buying and Selling at GATX

In related news, VP Robert Zmudka sold 4,800 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $163.83, for a total transaction of $786,384.00. Following the completion of the sale, the vice president now directly owns 7,493 shares in the company, valued at $1,227,578.19. This represents a 39.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeffery R. Young sold 297 shares of GATX stock in a transaction dated Wednesday, February 5th. The shares were 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 owns 7,362 shares in the company, valued at approximately $1,212,006.06. This represents a 3.88 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.17% of the company’s stock.

GATX Price Performance

Shares of GATX stock opened at $142.24 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. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of 18.31 and a beta of 1.00. GATX Co. has a twelve month low of $122.00 and a twelve month high of $168.89. The company has a 50-day simple moving average of $159.75 and a two-hundred day simple moving average of $153.07.

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. Analysts forecast that GATX Co. will post 8.5 EPS for the current year.

GATX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.72%. This is an increase from GATX’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Friday, February 28th. 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.