Huntington National Bank Has $53,000 Holdings in GATX Co. (NYSE:GATX)

Huntington National Bank lifted its position in shares of GATX Co. (NYSE:GATX) by 54.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 344 shares of the transportation company’s stock after acquiring an additional 121 shares during the quarter. Huntington National Bank’s holdings in GATX were worth $53,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GATX. UMB Bank n.a. boosted its stake in shares of GATX by 91.8% during the fourth 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 in the last quarter. Assetmark Inc. boosted its position in GATX by 60.4% during the 4th quarter. Assetmark Inc. now owns 178 shares of the transportation company’s stock worth $28,000 after buying an additional 67 shares during the period. Brown Brothers Harriman & Co. bought a new stake in GATX during the 4th quarter worth approximately $39,000. Versant Capital Management Inc grew its holdings in GATX by 184.6% during the 4th 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 last quarter. Finally, Compagnie Lombard Odier SCmA acquired a new position in GATX in the 4th quarter valued at approximately $46,000. Institutional investors own 93.14% of the company’s stock.

GATX Price Performance

Shares of NYSE:GATX opened at $142.24 on Tuesday. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.41 and a current ratio of 2.77. GATX Co. has a 52 week low of $122.00 and a 52 week high of $168.89. The firm has a market cap of $5.07 billion, a PE ratio of 18.31 and a beta of 1.00. The firm’s fifty day moving average is $159.75 and its 200-day moving average is $153.07.

GATX (NYSE:GATX) last announced its earnings results on Thursday, January 23rd. The transportation company reported $1.93 EPS for the quarter, topping 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 prior year, the firm posted $1.74 EPS. Sell-side analysts predict that GATX Co. will post 8.5 earnings per share for the current year.

GATX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from GATX’s previous quarterly dividend of $0.58. GATX’s dividend payout ratio is currently 31.40%.

Insiders Place Their Bets

In other GATX 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 value of $786,384.00. Following the completion of the sale, 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 document filed with the SEC, which can be accessed through this hyperlink. 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 completion of the sale, the senior vice president now owns 7,362 shares of the company’s stock, 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. Company insiders own 2.17% of the company’s stock.

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.