National Asset Management Inc. Purchases Shares of 3,057 GATX Co. (NYSE:GATX)

National Asset Management Inc. purchased a new stake in GATX Co. (NYSE:GATX) in the 4th quarter, Holdings Channel.com reports. The fund purchased 3,057 shares of the transportation company’s stock, valued at approximately $255,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Harbor Investment Advisory LLC grew its stake in shares of GATX by 87.8% during the 3rd quarter. Harbor Investment Advisory LLC now owns 725 shares of the transportation company’s stock valued at $46,000 after buying an additional 339 shares during the period. Private Capital Group LLC grew its stake in shares of GATX by 14.9% during the 4th quarter. Private Capital Group LLC now owns 1,171 shares of the transportation company’s stock valued at $97,000 after buying an additional 152 shares during the period. Strs Ohio grew its stake in shares of GATX by 16.7% during the 4th quarter. Strs Ohio now owns 1,400 shares of the transportation company’s stock valued at $116,000 after buying an additional 200 shares during the period. First Bank & Trust grew its stake in shares of GATX by 22.8% during the 3rd quarter. First Bank & Trust now owns 1,549 shares of the transportation company’s stock valued at $99,000 after buying an additional 288 shares during the period. Finally, Eudaimonia Partners LLC purchased a new stake in shares of GATX during the 3rd quarter valued at $30,000.

A number of analysts recently weighed in on GATX shares. Cowen upped their price target on shares of GATX from $84.00 to $99.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 9th. Zacks Investment Research cut shares of GATX from a “buy” rating to a “hold” rating and set a $93.00 price target for the company. in a research report on Friday, January 29th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $83.60.

Shares of GATX stock opened at $99.42 on Friday. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 2.69. The company has a fifty day moving average price of $91.09 and a 200 day moving average price of $76.85. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 18.55 and a beta of 1.04. GATX Co. has a twelve month low of $50.69 and a twelve month high of $100.63.

GATX (NYSE:GATX) last posted its quarterly earnings data on Thursday, January 28th. The transportation company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.36). The firm had revenue of $304.90 million during the quarter, compared to analysts’ expectations of $301.53 million. GATX had a net margin of 14.96% and a return on equity of 9.01%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.36 earnings per share. Analysts forecast that GATX Co. will post 4.49 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 31st. Shareholders of record on Friday, February 26th will be given a $0.50 dividend. This is a boost from GATX’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Thursday, February 25th. GATX’s dividend payout ratio is presently 34.85%.

In other news, VP Robert Zmudka sold 4,400 shares of the company’s stock in a transaction dated Friday, February 5th. The shares were sold at an average price of $95.11, for a total value of $418,484.00. Following the sale, the vice president now owns 9,820 shares in the company, valued at approximately $933,980.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Paul F. Titterton sold 9,834 shares of the company’s stock in a transaction dated Monday, February 1st. The shares were sold at an average price of $91.14, for a total transaction of $896,270.76. Following the completion of the sale, the senior vice president now owns 19,455 shares in the company, valued at approximately $1,773,128.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,400 shares of company stock valued at $5,110,547. 4.00% of the stock is currently owned by corporate insiders.

About GATX

GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets worldwide. The company operates through four segments: Rail North America, Rail International, Portfolio Management, and American Steamship Company (ASC). It leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.

Further Reading: Understanding the two types of arbitrage

Want to see what other hedge funds are holding GATX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GATX Co. (NYSE:GATX).

Institutional Ownership by Quarter for GATX (NYSE:GATX)

Receive News & Ratings for GATX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GATX and related companies with MarketBeat.com's FREE daily email newsletter.