Mutual of America Capital Management LLC Sells 1,078 Shares of GATX Co. (NYSE:GATX)

Mutual of America Capital Management LLC decreased its holdings in shares of GATX Co. (NYSE:GATX) by 4.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 21,942 shares of the transportation company’s stock after selling 1,078 shares during the period. Mutual of America Capital Management LLC’s holdings in GATX were worth $2,638,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of GATX in the fourth quarter valued at $24,697,000. Scopus Asset Management L.P. raised its stake in shares of GATX by 433.9% in the first quarter. Scopus Asset Management L.P. now owns 177,248 shares of the transportation company’s stock valued at $19,501,000 after acquiring an additional 144,048 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of GATX by 82.8% in the third quarter. Envestnet Asset Management Inc. now owns 196,936 shares of the transportation company’s stock valued at $21,433,000 after acquiring an additional 89,194 shares during the period. American Century Companies Inc. raised its stake in shares of GATX by 22.6% in the third quarter. American Century Companies Inc. now owns 468,726 shares of the transportation company’s stock valued at $51,011,000 after acquiring an additional 86,501 shares during the period. Finally, Earnest Partners LLC raised its stake in shares of GATX by 3.0% in the third quarter. Earnest Partners LLC now owns 2,829,696 shares of the transportation company’s stock valued at $307,956,000 after acquiring an additional 82,608 shares during the period. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Insiders Place Their Bets

In other GATX news, CEO Robert C. Lyons sold 19,300 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $125.70, for a total transaction of $2,426,010.00. Following the transaction, the chief executive officer now directly owns 44,710 shares in the company, valued at approximately $5,620,047. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other GATX news, CEO Robert C. Lyons sold 19,300 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $125.70, for a total transaction of $2,426,010.00. Following the transaction, the chief executive officer now directly owns 44,710 shares in the company, valued at approximately $5,620,047. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Thomas A. Ellman sold 18,000 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $127.54, for a total transaction of $2,295,720.00. Following the completion of the sale, the chief financial officer now owns 35,429 shares in the company, valued at $4,518,614.66. The disclosure for this sale can be found here. Insiders have sold a total of 39,694 shares of company stock worth $5,040,656 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

GATX has been the topic of several recent analyst reports. Susquehanna increased their target price on shares of GATX from $115.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Wells Fargo & Company increased their target price on shares of GATX from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Finally, TD Cowen increased their target price on shares of GATX from $122.00 to $136.00 and gave the company a “market perform” rating in a research note on Wednesday, January 24th.

GATX Trading Up 0.9 %

NYSE GATX opened at $128.03 on Friday. The company’s 50-day moving average price is $129.71 and its 200-day moving average price is $119.32. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 3.26. The stock has a market cap of $4.55 billion, a PE ratio of 17.91 and a beta of 0.98. GATX Co. has a 12 month low of $97.21 and a 12 month high of $135.65.

GATX (NYSE:GATX) last posted its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.16. The firm had revenue of $368.70 million for the quarter, compared to analysts’ expectations of $365.32 million. GATX had a net margin of 18.37% and a return on equity of 11.81%. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.54 earnings per share. Equities research analysts forecast that GATX Co. will post 7.53 earnings per share for the current year.

GATX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, March 31st. Shareholders of record on Friday, March 1st were issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.81%. This is a boost from GATX’s previous quarterly dividend of $0.55. The ex-dividend date was Thursday, February 29th. GATX’s dividend payout ratio is presently 32.45%.

GATX 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.