GATX Co. (GATX) Shares Bought by LPL Financial LLC
LPL Financial LLC boosted its holdings in GATX Co. (NYSE:GATX) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,645 shares of the transportation company’s stock after purchasing an additional 749 shares during the period. LPL Financial LLC’s holdings in GATX were worth $1,037,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of GATX. Clearbridge Investments LLC boosted its position in GATX by 30.8% in the third quarter. Clearbridge Investments LLC now owns 644,334 shares of the transportation company’s stock worth $55,793,000 after purchasing an additional 151,880 shares during the last quarter. Walthausen & Co. LLC purchased a new position in GATX in the third quarter worth $7,934,000. Great Lakes Advisors LLC purchased a new position in GATX in the third quarter worth $7,235,000. Scopus Asset Management L.P. purchased a new position in GATX in the third quarter worth $5,204,000. Finally, Rhumbline Advisers boosted its position in GATX by 68.5% in the fourth quarter. Rhumbline Advisers now owns 117,211 shares of the transportation company’s stock worth $8,300,000 after purchasing an additional 47,651 shares during the last quarter.
Shares of GATX opened at $75.30 on Friday. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 1.01 and a beta of 1.52. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.77 and a current ratio of 1.77. GATX Co. has a 1 year low of $63.98 and a 1 year high of $91.12.
The company also recently announced a quarterly dividend, which will be paid on Sunday, March 31st. Shareholders of record on Monday, March 4th will be paid a $0.46 dividend. The ex-dividend date is Friday, March 1st. This is a positive change from GATX’s previous quarterly dividend of $0.44. This represents a $1.84 annualized dividend and a dividend yield of 2.44%. GATX’s payout ratio is presently 35.25%.
In related news, SVP Jeffery R. Young sold 2,223 shares of the business’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $77.48, for a total transaction of $172,238.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Robert Zmudka sold 1,526 shares of the business’s stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $76.61, for a total value of $116,906.86. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,022 shares of company stock worth $385,753. Corporate insiders own 3.63% of the company’s stock.
Several analysts have issued reports on GATX shares. Zacks Investment Research upgraded GATX from a “sell” rating to a “hold” rating in a research note on Monday, February 11th. Wells Fargo & Co set a $90.00 target price on GATX and gave the company an “outperform” rating in a research note on Wednesday, January 23rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. GATX presently has a consensus rating of “Buy” and a consensus target price of $84.00.
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GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets in North America and internationally. The company operates through four segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management. The Rail North America segment primarily leases railcars and locomotives.
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