GATX Co. (NYSE:GATX) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund reduced its stake in GATX Co. (NYSE:GATX – Get Rating) by 6.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 23,472 shares of the transportation company’s stock after selling 1,721 shares during the quarter. Texas Permanent School Fund owned 0.07% of GATX worth $2,496,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in GATX. TCI Wealth Advisors Inc. increased its stake in GATX by 76.2% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 569 shares of the transportation company’s stock worth $48,000 after buying an additional 246 shares during the period. Cutler Group LLC CA acquired a new stake in GATX during the 3rd quarter worth $50,000. Ellevest Inc. boosted its stake in GATX by 114.4% during the 4th quarter. Ellevest Inc. now owns 506 shares of the transportation company’s stock worth $54,000 after purchasing an additional 270 shares during the period. Rockefeller Capital Management L.P. boosted its stake in GATX by 124.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 733 shares of the transportation company’s stock worth $62,000 after purchasing an additional 407 shares during the period. Finally, Bessemer Group Inc. boosted its stake in GATX by 489.1% during the 3rd quarter. Bessemer Group Inc. now owns 760 shares of the transportation company’s stock worth $65,000 after purchasing an additional 631 shares during the period. 99.10% of the stock is currently owned by institutional investors and hedge funds.

GATX Stock Down 0.8 %

Shares of NYSE GATX opened at $112.08 on Wednesday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 3.04. GATX Co. has a 52 week low of $84.96 and a 52 week high of $118.11. The firm has a 50-day moving average price of $109.02 and a 200 day moving average price of $109.22. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 25.47 and a beta of 1.05.

GATX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Wednesday, June 14th. GATX’s dividend payout ratio (DPR) is 50.00%.

Analyst Upgrades and Downgrades

GATX has been the subject of a number of recent research reports. Wells Fargo & Company increased their price target on shares of GATX from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 25th. StockNews.com upgraded shares of GATX from a “hold” rating to a “buy” rating in a research note on Wednesday, April 26th. Susquehanna raised their target price on shares of GATX from $115.00 to $118.00 in a research note on Wednesday, April 26th. Finally, Sidoti assumed coverage on shares of GATX in a research note on Tuesday, March 14th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $118.33.

About GATX

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GATX Corp. engages in leasing and owning railcar and fleets in North America, Europe and Asia. It operates through the following segments: Rail North America, Rail International, and Portfolio Management. The Rail North America segment provides railcars pursuant to full-service leases under which it maintains the railcars and provides other ancillary services.