Venturi Wealth Management LLC Makes New $241,000 Investment in GATX Co. (NYSE:GATX)

Venturi Wealth Management LLC acquired a new position in shares of GATX Co. (NYSE:GATX) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,553 shares of the transportation company’s stock, valued at approximately $241,000.

Several other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of GATX by 19.4% during the third 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 during the last quarter. 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 during the last quarter. State Street Corp grew its holdings in shares of GATX by 0.6% during the third 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 during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of GATX by 3.8% during the third 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 during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of GATX by 1.5% during the third quarter. Geode Capital Management LLC now owns 849,603 shares of the transportation company’s stock worth $112,550,000 after buying an additional 12,571 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

GATX Price Performance

Shares of NYSE:GATX opened at $161.89 on Friday. The company has a quick ratio of 3.41, a current ratio of 2.77 and a debt-to-equity ratio of 3.37. The company has a market cap of $5.75 billion, a P/E ratio of 20.84 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 company has a 50-day moving average price of $159.39 and a 200 day moving average price of $148.73.

GATX (NYSE:GATX) last announced its quarterly earnings data on Thursday, January 23rd. The transportation company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates 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 in the prior year, the company earned $1.74 earnings per share. Research analysts predict that GATX Co. will post 8.5 earnings per share for the current year.

GATX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.51%. This is an increase from GATX’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, February 28th. GATX’s dividend payout ratio (DPR) is presently 29.86%.

Insider Activity

In other news, SVP Jeffery R. Young sold 297 shares of GATX stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $164.63, for a total transaction of $48,895.11. Following the completion of the sale, the senior vice president now directly owns 7,362 shares in the company, valued at approximately $1,212,006.06. This trade represents a 3.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert Zmudka sold 4,800 shares of GATX stock in a transaction that occurred 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 transaction, the vice president now owns 7,493 shares of the company’s stock, valued at $1,227,578.19. This represents a 39.05 % 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.

Wall Street Analyst Weigh In

GATX has been the topic of a number of research 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 downgraded shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 price objective for the company. in a research report 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.