Corient Private Wealth LLC Sells 1,056 Shares of GATX Co. (NYSE:GATX)

Corient Private Wealth LLC decreased its stake in shares of GATX Co. (NYSE:GATX) by 33.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,119 shares of the transportation company’s stock after selling 1,056 shares during the period. Corient Private Wealth LLC’s holdings in GATX were worth $328,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in GATX. Assetmark Inc. lifted its position 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 buying an additional 67 shares during the last quarter. HighTower Advisors LLC boosted its holdings in GATX by 0.6% in 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 last quarter. Savant Capital LLC raised its stake in GATX by 4.6% during the fourth quarter. Savant Capital LLC now owns 1,584 shares of the transportation company’s stock worth $245,000 after buying an additional 69 shares during the last quarter. Principal Securities Inc. raised its position in shares of GATX by 9.0% in the 4th quarter. Principal Securities Inc. now owns 919 shares of the transportation company’s stock worth $142,000 after acquiring an additional 76 shares in the last quarter. Finally, Arizona State Retirement System grew its position in shares of GATX by 0.8% during the 4th quarter. Arizona State Retirement System now owns 9,816 shares of the transportation company’s stock worth $1,521,000 after buying an additional 77 shares during the period. Institutional investors and hedge funds own 93.14% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Sidoti cut GATX from a “buy” rating to a “neutral” rating and set a $158.00 price objective for the company. in a research note on Wednesday, December 4th.

GATX Stock Performance

Shares of GATX stock opened at $155.94 on Monday. 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 Co. has a 12 month low of $122.00 and a 12 month high of $168.89. The stock has a market capitalization of $5.56 billion, a P/E ratio of 20.07 and a beta of 1.00. The firm’s 50 day moving average is $160.81 and its 200 day moving average is $152.53.

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, 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 quarter in the prior year, the firm posted $1.74 earnings per share. On average, sell-side analysts anticipate that GATX Co. will post 8.5 earnings per share for the current year.

GATX Increases Dividend

The company also recently declared 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 1.56%. The ex-dividend date is Friday, February 28th. This is a positive change from GATX’s previous quarterly dividend of $0.58. GATX’s dividend payout ratio (DPR) is 31.40%.

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 that occurred on Wednesday, February 5th. The shares were sold at an average price of $164.63, for a total transaction of $48,895.11. Following the completion of the sale, the senior vice president now directly owns 7,362 shares of the company’s stock, valued at approximately $1,212,006.06. This represents a 3.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert Zmudka sold 4,800 shares of GATX 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 directly owns 7,493 shares in the company, valued at approximately $1,227,578.19. The trade was a 39.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.17% 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.