New Age Alpha Advisors LLC Makes New Investment in GATX Co. (NYSE:GATX)

New Age Alpha Advisors LLC purchased a new stake in shares of GATX Co. (NYSE:GATX) in the 4th quarter, HoldingsChannel reports. The firm purchased 3,343 shares of the transportation company’s stock, valued at approximately $518,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Assetmark Inc. boosted its holdings in GATX by 60.4% during the 4th quarter. Assetmark Inc. now owns 178 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 67 shares during the period. HighTower Advisors LLC boosted its stake 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 purchasing an additional 68 shares during the period. Savant Capital LLC grew its holdings in shares of GATX by 4.6% in the fourth quarter. Savant Capital LLC now owns 1,584 shares of the transportation company’s stock worth $245,000 after purchasing an additional 69 shares during the last quarter. Principal Securities Inc. increased its stake in shares of GATX by 9.0% in the fourth quarter. Principal Securities Inc. now owns 919 shares of the transportation company’s stock worth $142,000 after buying an additional 76 shares during the period. Finally, Arizona State Retirement System raised its holdings in GATX by 0.8% during the 4th quarter. Arizona State Retirement System now owns 9,816 shares of the transportation company’s stock valued at $1,521,000 after buying an additional 77 shares during the last quarter. 93.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Sidoti lowered shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 price target on the stock. in a report on Wednesday, December 4th.

Insider Transactions at GATX

In other 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 value of $48,895.11. Following the transaction, the senior vice president now owns 7,362 shares in the company, 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 SEC, which is accessible through this link. Also, VP Robert Zmudka sold 4,800 shares of the stock in a transaction 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 sale, the vice president now owns 7,493 shares in the company, valued at approximately $1,227,578.19. This represents 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 Trading Up 0.7 %

NYSE GATX opened at $156.35 on Wednesday. The stock has a market cap of $5.58 billion, a P/E ratio of 20.12 and a beta of 1.00. The stock has a 50 day simple moving average of $160.84 and a two-hundred day simple moving average of $152.79. GATX Co. has a fifty-two week low of $122.00 and a fifty-two week high of $168.89. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.41 and a current ratio of 2.77.

GATX (NYSE:GATX) last posted its quarterly earnings data on Thursday, January 23rd. The transportation company reported $1.93 earnings per share for the quarter, beating the consensus estimate 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 previous year, the business posted $1.74 EPS. On average, analysts forecast that GATX Co. will post 8.5 earnings per share for the current year.

GATX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were 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 was Friday, February 28th. This is a boost from GATX’s previous quarterly dividend of $0.58. GATX’s dividend payout ratio is 31.40%.

GATX 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.