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

Wellington Management Group LLP grew its stake in shares of GATX Co. (NYSE:GATX) by 1.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,021,743 shares of the transportation company’s stock after buying an additional 17,273 shares during the period. Wellington Management Group LLP’s holdings in GATX were worth $158,329,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in GATX during the fourth quarter valued at about $55,496,000. American Century Companies Inc. raised its holdings in shares of GATX by 12.1% during the 4th quarter. American Century Companies Inc. now owns 1,099,447 shares of the transportation company’s stock valued at $170,370,000 after buying an additional 118,306 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of GATX by 81.7% during the 4th quarter. JPMorgan Chase & Co. now owns 168,747 shares of the transportation company’s stock valued at $26,149,000 after buying an additional 75,886 shares in the last quarter. Sei Investments Co. lifted its position in GATX by 6.6% in the 4th quarter. Sei Investments Co. now owns 902,691 shares of the transportation company’s stock worth $139,881,000 after buying an additional 56,041 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in GATX in the fourth quarter worth approximately $5,391,000. 93.14% of the stock is owned by institutional investors.

GATX Price Performance

GATX opened at $158.06 on Thursday. The stock’s 50 day moving average price is $160.91 and its 200-day moving average price is $152.82. GATX Co. has a 52-week low of $122.00 and a 52-week high of $168.89. The stock has a market capitalization of $5.64 billion, a PE ratio of 20.34 and a beta of 1.00. 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 (NYSE:GATX) last posted its quarterly earnings results on Thursday, January 23rd. The transportation company reported $1.93 earnings per share 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 period in the prior year, the company posted $1.74 EPS. On average, equities research analysts predict that GATX Co. will post 8.5 EPS for the current year.

GATX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were issued a $0.61 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.44 annualized dividend and a yield of 1.54%. This is a boost from GATX’s previous quarterly dividend of $0.58. GATX’s dividend payout ratio (DPR) is currently 31.40%.

Wall Street Analysts Forecast Growth

Separately, Sidoti downgraded shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 price target on the stock. in a research note on Wednesday, December 4th.

Insiders Place Their Bets

In related news, VP Robert Zmudka sold 4,800 shares of the business’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 sale, the vice president now owns 7,493 shares in the company, valued at approximately $1,227,578.19. The trade was 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 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 transaction, the senior vice president now owns 7,362 shares of the company’s stock, 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 insiders.

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.