Natixis Advisors LLC Buys 12,241 Shares of GATX Co. (NYSE:GATX)

Natixis Advisors LLC boosted its stake in GATX Co. (NYSE:GATX) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 179,892 shares of the transportation company’s stock after acquiring an additional 12,241 shares during the period. Natixis Advisors LLC owned 0.51% of GATX worth $27,876,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in shares of GATX by 19.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 92,861 shares of the transportation company’s stock worth $12,299,000 after buying an additional 15,092 shares in the last quarter. State Street Corp boosted its holdings in shares of GATX by 0.6% during the 3rd quarter. State Street Corp now owns 1,294,895 shares of the transportation company’s stock worth $171,509,000 after buying an additional 7,585 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of GATX by 44.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,031 shares of the transportation company’s stock worth $6,085,000 after buying an additional 12,342 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of GATX by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 474,729 shares of the transportation company’s stock worth $62,878,000 after buying an additional 17,255 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT bought a new position in shares of GATX during the 4th quarter worth approximately $252,000. 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 on Tuesday, February 4th. The stock was sold at an average price of $163.83, for a total value of $786,384.00. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jeffery R. Young sold 297 shares of the stock in a transaction 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 completion of the sale, the senior vice president now directly owns 7,362 shares of the company’s stock, valued at $1,212,006.06. The trade was 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 currently owned by insiders.

Wall Street Analysts Forecast Growth

GATX has been the topic of a number of research analyst reports. The Goldman Sachs Group began coverage on GATX in a report on Monday, November 18th. They set a “buy” rating and a $185.00 price target on the stock. Sidoti lowered GATX from a “buy” rating to a “neutral” rating and set a $158.00 target price on the stock. in a research report on Wednesday, December 4th.

GATX Price Performance

Shares of NYSE:GATX opened at $155.13 on Tuesday. The company has a quick ratio of 3.41, a current ratio of 2.77 and a debt-to-equity ratio of 3.37. GATX Co. has a twelve month low of $122.00 and a twelve month high of $168.89. The stock’s 50 day moving average is $160.02 and its 200-day moving average is $151.15. The firm has a market capitalization of $5.52 billion, a price-to-earnings ratio of 19.96 and a beta of 1.00.

GATX (NYSE:GATX) last issued its earnings results on Thursday, January 23rd. The transportation company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates 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 EPS. Sell-side analysts forecast 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 $0.61 dividend. This is a positive change from GATX’s previous quarterly dividend of $0.58. This represents a $2.44 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Friday, February 28th. GATX’s dividend payout ratio is presently 31.40%.

GATX Company 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.