Atria Investments Inc Grows Stock Holdings in GATX Co. (NYSE:GATX)

Atria Investments Inc boosted its holdings in shares of GATX Co. (NYSE:GATX) by 1.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 15,429 shares of the transportation company’s stock after acquiring an additional 181 shares during the period. Atria Investments Inc’s holdings in GATX were worth $2,391,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Assetmark Inc. raised its stake in GATX by 60.4% during the fourth quarter. Assetmark Inc. now owns 178 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 67 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in GATX by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 478,214 shares of the transportation company’s stock valued at $74,104,000 after purchasing an additional 3,485 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in GATX during the fourth quarter valued at $4,562,000. Oppenheimer Asset Management Inc. raised its stake in GATX by 1.7% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 34,729 shares of the transportation company’s stock valued at $5,382,000 after purchasing an additional 578 shares in the last quarter. Finally, Amalgamated Bank raised its stake in GATX by 1.6% during the fourth quarter. Amalgamated Bank now owns 16,267 shares of the transportation company’s stock valued at $2,521,000 after purchasing an additional 255 shares in the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

GATX Trading Down 1.3 %

Shares of GATX opened at $154.78 on Monday. GATX Co. has a twelve month low of $122.00 and a twelve month high of $168.89. The company has a market cap of $5.51 billion, a P/E ratio of 19.92 and a beta of 1.00. The company has a current ratio of 2.77, a quick ratio of 3.41 and a debt-to-equity ratio of 3.37. The company’s fifty day simple moving average is $160.21 and its 200-day simple moving average is $150.62.

GATX (NYSE:GATX) last announced its 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 EPS. As a group, analysts expect that GATX Co. will post 8.5 EPS for the current 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. This represents a $2.44 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from GATX’s previous quarterly dividend of $0.58. GATX’s dividend payout ratio (DPR) is currently 31.40%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on GATX shares. Sidoti downgraded shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 price target on the stock. in a research note on Wednesday, December 4th. The Goldman Sachs Group began coverage on shares of GATX in a research note on Monday, November 18th. They issued a “buy” rating and a $185.00 target price on the stock.

Insider Buying and Selling

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 owns 7,493 shares of the company’s stock, valued at $1,227,578.19. This trade represents a 39.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jeffery R. Young sold 297 shares of the firm’s 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 directly owns 7,362 shares in the company, valued at $1,212,006.06. This represents a 3.88 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

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.