Arizona State Retirement System Has $1.13 Million Stock Holdings in GATX Co. (NYSE:GATX)

Arizona State Retirement System lessened its holdings in GATX Co. (NYSE:GATX) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,401 shares of the transportation company’s stock after selling 156 shares during the period. Arizona State Retirement System’s holdings in GATX were worth $1,130,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GATX. BlackRock Inc. grew its stake in GATX by 1.3% during the first quarter. BlackRock Inc. now owns 4,420,156 shares of the transportation company’s stock worth $486,306,000 after buying an additional 58,640 shares during the last quarter. Vanguard Group Inc. grew its stake in GATX by 0.7% during the third quarter. Vanguard Group Inc. now owns 3,903,442 shares of the transportation company’s stock worth $424,812,000 after buying an additional 28,108 shares during the last quarter. Earnest Partners LLC grew its stake in GATX by 3.0% during the third quarter. Earnest Partners LLC now owns 2,829,696 shares of the transportation company’s stock worth $307,956,000 after buying an additional 82,608 shares during the last quarter. State Street Corp grew its stake in GATX by 0.3% during the second quarter. State Street Corp now owns 1,198,966 shares of the transportation company’s stock worth $154,355,000 after buying an additional 3,702 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in GATX by 4.8% during the first quarter. Bank of America Corp DE now owns 1,021,205 shares of the transportation company’s stock worth $112,353,000 after buying an additional 47,037 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Price Performance

GATX opened at $129.50 on Tuesday. GATX Co. has a one year low of $97.21 and a one year high of $135.65. The company has a debt-to-equity ratio of 3.26, a current ratio of 2.79 and a quick ratio of 2.79. The company’s 50 day simple moving average is $129.53 and its 200-day simple moving average is $119.06. The stock has a market capitalization of $4.60 billion, a P/E ratio of 18.11 and a beta of 0.98.

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

GATX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, March 31st. Investors of record on Friday, March 1st were issued a $0.58 dividend. This is a positive change from GATX’s previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Thursday, February 29th. GATX’s dividend payout ratio is currently 32.45%.

Analyst Ratings Changes

Several analysts have weighed in on GATX shares. TD Cowen upped their price objective on shares of GATX from $122.00 to $136.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 24th. Wells Fargo & Company upped their price objective on shares of GATX from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Finally, Susquehanna upped their price objective on shares of GATX from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th.

Insider Activity at GATX

In related news, CEO Robert C. Lyons sold 19,300 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $125.70, for a total value of $2,426,010.00. Following the transaction, the chief executive officer now directly owns 44,710 shares in the company, valued at $5,620,047. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Thomas A. Ellman sold 18,000 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $127.54, for a total value of $2,295,720.00. Following the transaction, the chief financial officer now directly owns 35,429 shares in the company, valued at $4,518,614.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert C. Lyons sold 19,300 shares of the 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 sale, the chief executive officer now owns 44,710 shares in the company, valued at $5,620,047. The disclosure for this sale can be found here. Insiders have sold 39,694 shares of company stock worth $5,040,656 over the last ninety days. Company insiders own 1.99% of the company’s stock.

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.