Assetmark Inc. Purchases 67 Shares of GATX Co. (NYSE:GATX)

Assetmark Inc. increased its position in GATX Co. (NYSE:GATX) by 60.4% in the 4th quarter, Holdings Channel reports. The firm owned 178 shares of the transportation company’s stock after buying an additional 67 shares during the quarter. Assetmark Inc.’s holdings in GATX were worth $28,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HighTower Advisors LLC lifted its holdings in shares of GATX by 0.6% during the third quarter. HighTower Advisors LLC now owns 10,692 shares of the transportation company’s stock valued at $1,418,000 after acquiring an additional 68 shares during the period. Savant Capital LLC lifted its holdings in shares of GATX by 4.6% during the fourth quarter. Savant Capital LLC now owns 1,584 shares of the transportation company’s stock valued at $245,000 after acquiring an additional 69 shares during the period. Principal Securities Inc. lifted its holdings in shares of GATX by 9.0% during the fourth quarter. Principal Securities Inc. now owns 919 shares of the transportation company’s stock valued at $142,000 after acquiring an additional 76 shares during the period. UMB Bank n.a. lifted its holdings 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 valued at $25,000 after acquiring an additional 78 shares during the period. Finally, Integrated Investment Consultants LLC lifted its holdings in shares of GATX by 2.1% during the fourth quarter. Integrated Investment Consultants LLC now owns 3,907 shares of the transportation company’s stock valued at $605,000 after acquiring an additional 82 shares during the period. 93.14% of the stock is owned by institutional investors.

GATX Stock Performance

Shares of NYSE:GATX opened at $153.70 on Monday. GATX Co. has a twelve month low of $122.00 and a twelve month high of $168.89. The firm has a market cap of $5.47 billion, a PE ratio of 19.78 and a beta of 1.00. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.41 and a current ratio of 2.77. The business has a fifty day moving average of $159.98 and a 200-day moving average of $151.05.

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 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 period last year, the firm earned $1.74 earnings per share. On average, equities research analysts predict that GATX Co. will post 8.5 EPS 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 paid a $0.61 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from GATX’s previous quarterly dividend of $0.58. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.59%. GATX’s dividend payout ratio (DPR) is 31.40%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, VP Robert Zmudka sold 4,800 shares of GATX stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $163.83, for a total value 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 trade represents a 39.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeffery R. Young sold 297 shares of GATX stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $164.63, for a total value of $48,895.11. Following the completion of the sale, the senior vice president now owns 7,362 shares of the company’s stock, valued at approximately $1,212,006.06. The trade was a 3.88 % 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.

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.