Legato Capital Management LLC Takes $595,000 Position in GATX Co. (NYSE:GATX)

Legato Capital Management LLC acquired a new stake in shares of GATX Co. (NYSE:GATX) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,839 shares of the transportation company’s stock, valued at approximately $595,000.

Several other institutional investors also recently bought and sold shares of the company. 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. Savant Capital LLC increased its holdings in shares of GATX by 4.6% in the 4th quarter. Savant Capital LLC now owns 1,584 shares of the transportation company’s stock worth $245,000 after purchasing an additional 69 shares in the last quarter. UMB Bank n.a. raised its stake in shares of GATX by 91.8% in the fourth quarter. UMB Bank n.a. now owns 163 shares of the transportation company’s stock worth $25,000 after purchasing an additional 78 shares during the last quarter. CWM LLC raised its stake in shares of GATX by 20.2% in the third quarter. CWM LLC now owns 487 shares of the transportation company’s stock worth $65,000 after purchasing an additional 82 shares during the last quarter. Finally, Integrated Investment Consultants LLC lifted its holdings in shares of GATX by 2.1% during the fourth quarter. Integrated Investment Consultants LLC now owns 3,907 shares of the transportation company’s stock valued at $605,000 after purchasing an additional 82 shares in the last quarter. 93.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Activity at GATX

In related news, 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 completion of the transaction, the vice president now owns 7,493 shares of the company’s stock, valued at approximately $1,227,578.19. This represents a 39.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jeffery R. Young sold 297 shares of the firm’s stock in a transaction dated 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 directly 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 disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

GATX Trading Down 0.2 %

Shares of NYSE:GATX opened at $164.99 on Friday. GATX Co. has a 52-week low of $122.00 and a 52-week high of $168.29. The stock has a market capitalization of $5.86 billion, a price-to-earnings ratio of 21.23 and a beta of 0.99. 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 stock’s 50-day simple moving average is $159.24 and its two-hundred day simple moving average is $147.74.

GATX (NYSE:GATX) last announced its earnings results on Thursday, January 23rd. The transportation company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.25. GATX had a net margin of 17.92% and a return on equity of 12.07%. During the same quarter last year, the business earned $1.74 earnings per share. Analysts expect that GATX Co. will post 8.5 EPS for the current year.

GATX Increases Dividend

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

About GATX

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.