Wellington Management Group LLP Purchases 17,273 Shares of GATX Co. (NYSE:GATX)

Wellington Management Group LLP increased its position in shares of GATX Co. (NYSE:GATX) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,021,743 shares of the transportation company’s stock after purchasing an additional 17,273 shares during the quarter. Wellington Management Group LLP owned approximately 2.86% of GATX worth $158,329,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew its stake in GATX by 91.8% in the 4th quarter. UMB Bank n.a. now owns 163 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 78 shares during the period. Assetmark Inc. grew its position in GATX by 60.4% during the fourth quarter. Assetmark Inc. now owns 178 shares of the transportation company’s stock valued at $28,000 after buying an additional 67 shares during the period. Brown Brothers Harriman & Co. purchased a new stake in GATX during the fourth quarter worth about $39,000. Versant Capital Management Inc raised its position in GATX by 184.6% in the fourth quarter. Versant Capital Management Inc now owns 259 shares of the transportation company’s stock worth $40,000 after acquiring an additional 168 shares during the period. Finally, Compagnie Lombard Odier SCmA purchased a new position in GATX in the fourth quarter valued at about $46,000. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at GATX

In other news, VP Robert Zmudka sold 4,800 shares of the firm’s stock in a transaction that occurred 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 directly owns 7,493 shares in the company, valued at approximately $1,227,578.19. This trade represents a 39.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeffery R. Young sold 297 shares of the company’s stock in a transaction that occurred 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 sale, 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 disclosure for this sale can be found here. 2.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Sidoti cut 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.

GATX Trading Up 1.1 %

Shares of GATX stock opened at $158.06 on Thursday. The stock has a market capitalization of $5.64 billion, a P/E ratio of 20.34 and a beta of 1.00. GATX Co. has a 52-week low of $122.00 and a 52-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. The stock’s 50-day simple moving average is $160.91 and its 200 day simple moving average is $152.82.

GATX (NYSE:GATX) last posted its quarterly 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 period last year, the company earned $1.74 EPS. As a group, research analysts anticipate that GATX Co. will post 8.5 EPS for the current 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 given a $0.61 dividend. The ex-dividend date of this dividend was 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 dividend yield of 1.54%. GATX’s payout ratio is 31.40%.

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.