GATX Co. (NYSE:GATX) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its holdings in shares of GATX Co. (NYSE:GATX) by 3.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,377 shares of the transportation company’s stock after selling 92 shares during the quarter. Janney Montgomery Scott LLC’s holdings in GATX were worth $368,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. HighTower Advisors LLC boosted its holdings in shares of 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 in the last quarter. UMB Bank n.a. boosted its holdings in GATX by 91.8% in 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. CWM LLC increased its position in GATX by 20.2% during the 3rd quarter. CWM LLC now owns 487 shares of the transportation company’s stock worth $65,000 after purchasing an additional 82 shares during the period. Integrated Investment Consultants LLC raised its stake in shares of GATX by 2.1% during the 4th quarter. Integrated Investment Consultants LLC now owns 3,907 shares of the transportation company’s stock worth $605,000 after buying an additional 82 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of GATX by 5.9% in the 3rd quarter. Franklin Resources Inc. now owns 2,846 shares of the transportation company’s stock valued at $385,000 after buying an additional 158 shares during the period. Hedge funds and other institutional investors own 93.14% of the company’s stock.

GATX Stock Performance

NYSE GATX opened at $164.70 on Tuesday. The business has a 50 day moving average price of $158.87 and a 200 day moving average price of $147.11. The company has a market capitalization of $5.85 billion, a P/E ratio of 21.20 and a beta of 0.99. GATX Co. has a 1-year low of $122.00 and a 1-year high of $168.29. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.77 and a quick ratio of 3.41.

GATX (NYSE:GATX) last announced its quarterly 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 in the previous year, the company earned $1.74 earnings per share. Sell-side analysts expect that GATX Co. will post 8.5 EPS for the current fiscal year.

GATX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a $0.61 dividend. This is an increase from GATX’s previous quarterly dividend of $0.58. This represents a $2.44 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Friday, February 28th. GATX’s dividend payout ratio is currently 29.86%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Sidoti lowered GATX from a “buy” rating to a “neutral” rating and set a $158.00 price objective on the stock. in a report on Wednesday, December 4th. The Goldman Sachs Group started coverage on shares of GATX in a research note on Monday, November 18th. They set a “buy” rating and a $185.00 price target on the stock. Finally, Susquehanna raised their price objective on shares of GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a research note on Monday, October 21st.

Insider Buying and Selling

In related news, SVP Jeffery R. Young sold 297 shares of GATX stock in a transaction 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 sale, the senior vice president now owns 7,362 shares of the company’s stock, valued at $1,212,006.06. The trade was a 3.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Robert Zmudka sold 4,800 shares of the 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 completion of the transaction, the vice president now directly owns 7,493 shares of the company’s stock, valued at $1,227,578.19. This represents a 39.05 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

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.