New Age Alpha Advisors LLC Acquires New Stake in GATX Co. (NYSE:GATX)

New Age Alpha Advisors LLC bought a new position in GATX Co. (NYSE:GATX) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,343 shares of the transportation company’s stock, valued at approximately $518,000.

A number of other large investors have also bought and sold shares of GATX. Assetmark Inc. raised its position in shares of GATX by 60.4% in the fourth quarter. Assetmark Inc. now owns 178 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 67 shares during the period. HighTower Advisors LLC raised its holdings in GATX by 0.6% during the 3rd 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 period. Savant Capital LLC lifted its position in shares of 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 acquiring an additional 69 shares in the last quarter. Principal Securities Inc. boosted its holdings 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 acquiring an additional 76 shares during the period. Finally, Arizona State Retirement System grew its position in shares of GATX by 0.8% in the fourth quarter. Arizona State Retirement System now owns 9,816 shares of the transportation company’s stock valued at $1,521,000 after purchasing an additional 77 shares in the last quarter. 93.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at GATX

In other news, VP Robert Zmudka sold 4,800 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $163.83, for a total transaction 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 trade represents a 39.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Jeffery R. Young sold 297 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $164.63, for a total transaction of $48,895.11. Following the completion of the transaction, the senior vice president now owns 7,362 shares of the company’s stock, valued at $1,212,006.06. This trade represents a 3.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.17% of the stock is currently owned by company insiders.

GATX Stock Up 0.7 %

Shares of NYSE:GATX opened at $156.35 on Wednesday. The firm has a fifty day moving average price of $160.84 and a two-hundred day moving average price of $152.79. The company has a market cap of $5.58 billion, a price-to-earnings ratio of 20.12 and a beta of 1.00. 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 Co. has a one year low of $122.00 and a one year high of $168.89.

GATX (NYSE:GATX) last posted its quarterly earnings data 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 return on equity of 12.07% and a net margin of 17.92%. During the same quarter last year, the business earned $1.74 earnings per share. Analysts anticipate 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 was paid on Monday, March 31st. Investors of record on Friday, February 28th were given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.56%. This is a boost from GATX’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Friday, February 28th. GATX’s dividend payout ratio is 31.40%.

Analyst Upgrades and Downgrades

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

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.