Norges Bank Invests $55.50 Million in GATX Co. (NYSE:GATX)

Norges Bank acquired a new stake in shares of GATX Co. (NYSE:GATX) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 358,129 shares of the transportation company’s stock, valued at approximately $55,496,000.

A number of other large investors have also added to or reduced their stakes in GATX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of GATX by 4.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 90,773 shares of the transportation company’s stock valued at $12,023,000 after acquiring an additional 3,769 shares in the last quarter. Captrust Financial Advisors increased its stake in GATX by 7.8% during the 3rd quarter. Captrust Financial Advisors now owns 6,699 shares of the transportation company’s stock valued at $887,000 after purchasing an additional 482 shares in the last quarter. Edgestream Partners L.P. purchased a new position in GATX in the third quarter worth about $564,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of GATX in the third quarter worth approximately $122,000. Finally, HighTower Advisors LLC grew 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 buying an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

GATX Price Performance

Shares of NYSE GATX opened at $148.36 on Friday. The firm has a market cap of $5.29 billion, a P/E ratio of 19.09 and a beta of 1.00. GATX Co. has a twelve month low of $122.00 and a twelve month high of $168.89. The company has a quick ratio of 3.41, a current ratio of 2.77 and a debt-to-equity ratio of 3.37. The company has a 50 day moving average of $160.65 and a 200 day moving average of $152.79.

GATX (NYSE:GATX) last posted its quarterly earnings results on Thursday, January 23rd. The transportation company reported $1.93 earnings per share for the quarter, topping 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 period in the previous year, the company earned $1.74 earnings per share. As a group, research analysts expect that GATX Co. will post 8.5 EPS for the current fiscal year.

GATX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Friday, February 28th. This is an increase from GATX’s previous quarterly dividend of $0.58. GATX’s dividend payout ratio (DPR) is presently 31.40%.

Insider Transactions at GATX

In other news, SVP Jeffery R. Young sold 297 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $164.63, for a total value of $48,895.11. Following the transaction, the senior vice president now directly owns 7,362 shares in the company, valued at $1,212,006.06. This trade represents a 3.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Robert Zmudka sold 4,800 shares of the company’s 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 of the company’s stock, valued at approximately $1,227,578.19. This trade represents a 39.05 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.17% of the company’s stock.

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.