GATX Co. (NYSE:GATX) Shares Bought by American Century Companies Inc.

American Century Companies Inc. lifted its stake in shares of GATX Co. (NYSE:GATX) by 12.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,099,447 shares of the transportation company’s stock after purchasing an additional 118,306 shares during the period. American Century Companies Inc.’s holdings in GATX were worth $170,370,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. grew its stake in shares of GATX by 91.8% during the 4th 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. grew its stake in shares of GATX by 60.4% during the 4th quarter. Assetmark Inc. now owns 178 shares of the transportation company’s stock worth $28,000 after purchasing an additional 67 shares during the period. Versant Capital Management Inc grew its stake in shares of GATX by 184.6% during the 4th quarter. Versant Capital Management Inc now owns 259 shares of the transportation company’s stock worth $40,000 after purchasing an additional 168 shares during the period. Compagnie Lombard Odier SCmA acquired a new position in shares of GATX during the 4th quarter worth $46,000. Finally, Mather Group LLC. grew its stake in shares of GATX by 36.0% during the 4th quarter. Mather Group LLC. now owns 423 shares of the transportation company’s stock worth $66,000 after purchasing an additional 112 shares during the period. 93.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Sidoti cut 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.

Insider Buying and Selling at GATX

In other GATX news, SVP Jeffery R. Young sold 297 shares of the company’s 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 transaction, the senior vice president now directly owns 7,362 shares in the company, valued at approximately $1,212,006.06. This represents a 3.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert Zmudka sold 4,800 shares of the company’s stock in a transaction dated 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. 1.80% of the stock is owned by insiders.

GATX Price Performance

Shares of NYSE GATX opened at $154.68 on Friday. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 19.91 and a beta of 1.00. GATX Co. has a 52 week low of $122.00 and a 52 week high of $168.89. The company’s 50-day moving average price is $160.34 and its 200 day moving average price is $151.51. 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 (NYSE:GATX) last issued its quarterly earnings data 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. As a group, research analysts forecast that GATX Co. will post 8.5 earnings per share for the current fiscal year.

GATX Increases Dividend

The company also recently announced 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. This represents a $2.44 dividend on an annualized basis and a yield of 1.58%. This is a positive change from GATX’s previous quarterly dividend of $0.58. The ex-dividend date is Friday, February 28th. GATX’s dividend payout ratio is 31.40%.

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.