Proficio Capital Partners LLC Acquires New Shares in GATX Co. (NYSE:GATX)

Proficio Capital Partners LLC purchased a new position in GATX Co. (NYSE:GATX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 29,442 shares of the transportation company’s stock, valued at approximately $4,562,000.

Several other large investors also recently modified their holdings of the business. State Street Corp increased its holdings in shares of GATX by 0.6% in the third quarter. State Street Corp now owns 1,294,895 shares of the transportation company’s stock worth $171,509,000 after acquiring an additional 7,585 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of GATX by 1.5% in the third quarter. Geode Capital Management LLC now owns 849,603 shares of the transportation company’s stock worth $112,550,000 after acquiring an additional 12,571 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of GATX by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 474,729 shares of the transportation company’s stock worth $62,878,000 after acquiring an additional 17,255 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of GATX by 2.9% in the fourth quarter. New York State Common Retirement Fund now owns 183,722 shares of the transportation company’s stock worth $28,470,000 after acquiring an additional 5,163 shares in the last quarter. Finally, Natixis Advisors LLC grew its holdings in shares of GATX by 2.2% during the third quarter. Natixis Advisors LLC now owns 167,651 shares of the transportation company’s stock worth $22,206,000 after buying an additional 3,580 shares in the last quarter. 93.14% of the stock is currently owned by institutional investors.

Insider Activity at GATX

In related news, VP Robert Zmudka sold 4,800 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $163.83, for a total transaction 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 approximately $1,227,578.19. This represents a 39.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jeffery R. Young sold 297 shares of the 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 directly 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. Insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

GATX has been the subject of a number of research reports. Sidoti downgraded GATX from a “buy” rating to a “neutral” rating and set a $158.00 price objective for the company. in a report on Wednesday, December 4th. The Goldman Sachs Group initiated coverage on GATX in a report on Monday, November 18th. They set a “buy” rating and a $185.00 price objective for the company.

GATX Stock Down 2.5 %

NYSE:GATX opened at $159.85 on Wednesday. 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 company has a market cap of $5.69 billion, a PE ratio of 20.57 and a beta of 0.99. GATX Co. has a 52-week low of $122.00 and a 52-week high of $168.89. The stock has a 50-day simple moving average of $160.17 and a 200 day simple moving average of $150.10.

GATX (NYSE:GATX) last issued its quarterly earnings results on Thursday, January 23rd. The transportation company reported $1.93 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 in the previous year, the firm earned $1.74 earnings per share. On average, sell-side 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 will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from GATX’s previous quarterly dividend of $0.58. This represents a $2.44 annualized dividend and a yield of 1.53%. 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.