PNC Financial Services Group Inc. Has $793,000 Holdings in GATX Co. (NYSE:GATX)

PNC Financial Services Group Inc. trimmed its position in shares of GATX Co. (NYSE:GATX) by 14.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,115 shares of the transportation company’s stock after selling 866 shares during the quarter. PNC Financial Services Group Inc.’s holdings in GATX were worth $793,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GATX. UMB Bank n.a. increased its stake in GATX by 91.8% during the 4th quarter. UMB Bank n.a. now owns 163 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 78 shares in the last quarter. Assetmark Inc. increased its position in shares of GATX by 60.4% during the fourth quarter. Assetmark Inc. now owns 178 shares of the transportation company’s stock worth $28,000 after acquiring an additional 67 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of GATX by 184.6% in the 4th quarter. Versant Capital Management Inc now owns 259 shares of the transportation company’s stock worth $40,000 after acquiring an additional 168 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new position in GATX in the 4th quarter valued at about $46,000. Finally, Mather Group LLC. boosted its stake in GATX by 36.0% during the 4th quarter. Mather Group LLC. now owns 423 shares of the transportation company’s stock valued at $66,000 after purchasing an additional 112 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors.

GATX Trading Up 0.8 %

Shares of GATX stock opened at $155.13 on Tuesday. 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 company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 19.96 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 has a 50-day simple moving average of $160.02 and a two-hundred day simple moving average of $151.15.

GATX (NYSE:GATX) last announced its earnings results on Thursday, January 23rd. The transportation company reported $1.93 earnings per share 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 period in the prior year, the firm posted $1.74 EPS. Research analysts anticipate 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 given a dividend of $0.61 per share. 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 annualized dividend and a dividend yield of 1.57%. GATX’s dividend payout ratio (DPR) is currently 31.40%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group assumed coverage on GATX in a report on Monday, November 18th. They issued a “buy” rating and a $185.00 target price on the stock. Sidoti lowered GATX from a “buy” rating to a “neutral” rating and set a $158.00 price target for the company. in a research report on Wednesday, December 4th.

Insider Transactions at GATX

In related news, SVP Jeffery R. Young sold 297 shares of GATX stock in a transaction that occurred on Wednesday, February 5th. The shares were 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. The trade was a 3.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Robert Zmudka sold 4,800 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $163.83, for a total value 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. The trade was a 39.05 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

GATX Company 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.