SG Americas Securities LLC Sells 10,908 Shares of GATX Co. (NYSE:GATX)

SG Americas Securities LLC lessened its stake in GATX Co. (NYSE:GATX) by 87.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,574 shares of the transportation company’s stock after selling 10,908 shares during the quarter. SG Americas Securities LLC’s holdings in GATX were worth $189,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. raised its holdings in shares of GATX by 1.3% in the 1st quarter. BlackRock Inc. now owns 4,420,156 shares of the transportation company’s stock worth $486,306,000 after purchasing an additional 58,640 shares during the period. Vanguard Group Inc. raised its holdings in shares of GATX by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,903,442 shares of the transportation company’s stock worth $424,812,000 after purchasing an additional 28,108 shares during the period. Earnest Partners LLC raised its holdings in shares of GATX by 3.0% in the 3rd quarter. Earnest Partners LLC now owns 2,829,696 shares of the transportation company’s stock worth $307,956,000 after purchasing an additional 82,608 shares during the period. State Street Corp raised its holdings in shares of GATX by 0.3% in the 2nd quarter. State Street Corp now owns 1,198,966 shares of the transportation company’s stock worth $154,355,000 after purchasing an additional 3,702 shares during the period. Finally, Bank of America Corp DE raised its holdings in GATX by 4.8% during the 1st quarter. Bank of America Corp DE now owns 1,021,205 shares of the transportation company’s stock valued at $112,353,000 after acquiring an additional 47,037 shares during the period. Institutional investors own 93.14% of the company’s stock.

GATX Stock Down 1.2 %

GATX opened at $129.65 on Friday. The company has a fifty day moving average price of $129.40 and a 200-day moving average price of $118.86. The firm has a market capitalization of $4.61 billion, a P/E ratio of 18.13 and a beta of 0.98. The company has a debt-to-equity ratio of 3.26, a current ratio of 2.79 and a quick ratio of 2.79. GATX Co. has a one year low of $97.21 and a one year high of $135.65.

GATX (NYSE:GATX) last released its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.16. The firm had revenue of $368.70 million during the quarter, compared to analyst estimates 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 previous year, the business earned $1.54 EPS. Equities research analysts expect that GATX Co. will post 7.53 earnings per share for the current fiscal year.

GATX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, March 31st. Stockholders of record on Friday, March 1st were given a dividend of $0.58 per share. This is a positive change from GATX’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Thursday, February 29th. GATX’s payout ratio is 32.45%.

Insider Activity

In related news, SVP Kevin Hillesland sold 2,200 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $133.83, for a total value of $294,426.00. Following the completion of the transaction, the senior vice president now directly owns 7,711 shares in the company, valued at $1,031,963.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Kevin Hillesland sold 2,200 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $133.83, for a total value of $294,426.00. Following the completion of the transaction, the senior vice president now directly owns 7,711 shares in the company, valued at $1,031,963.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert C. Lyons sold 19,300 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $125.70, for a total transaction of $2,426,010.00. Following the completion of the transaction, the chief executive officer now owns 44,710 shares of the company’s stock, valued at $5,620,047. The disclosure for this sale can be found here. Insiders sold 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company boosted their target price on shares of GATX from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. TD Cowen boosted their target price on shares of GATX from $122.00 to $136.00 and gave the company a “market perform” rating in a report on Wednesday, January 24th. Finally, Susquehanna boosted their target price on shares of GATX from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th.

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.