Strs Ohio Decreases Stock Position in GATX Co. (NYSE:GATX)

Strs Ohio cut its holdings in GATX Co. (NYSE:GATX) by 3.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,100 shares of the transportation company’s stock after selling 100 shares during the quarter. Strs Ohio’s holdings in GATX were worth $372,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kingswood Wealth Advisors LLC increased its stake in shares of GATX by 1.4% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 9,323 shares of the transportation company’s stock valued at $1,121,000 after acquiring an additional 130 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in shares of GATX during the 3rd quarter valued at approximately $549,000. Illinois Municipal Retirement Fund purchased a new position in shares of GATX during the 3rd quarter valued at approximately $632,000. Quantbot Technologies LP bought a new position in GATX during the third quarter worth $1,089,000. Finally, Campbell & CO Investment Adviser LLC lifted its stake in GATX by 299.1% during the third quarter. Campbell & CO Investment Adviser LLC now owns 11,279 shares of the transportation company’s stock worth $1,227,000 after purchasing an additional 8,453 shares during the last quarter. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

GATX Trading Down 0.4 %

Shares of NYSE GATX opened at $127.51 on Monday. The firm has a market capitalization of $4.53 billion, a PE ratio of 18.16 and a beta of 0.98. The business has a 50-day moving average price of $129.78 and a two-hundred day moving average price of $120.33. GATX Co. has a one year low of $97.21 and a one year high of $135.65. The company has a current ratio of 3.39, a quick ratio of 2.79 and a debt-to-equity ratio of 3.28.

GATX (NYSE:GATX) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.29. GATX had a return on equity of 11.29% and a net margin of 17.64%. The firm had revenue of $379.90 million during the quarter, compared to analyst estimates of $375.80 million. During the same period in the previous year, the company earned $2.20 EPS. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, analysts predict that GATX Co. will post 7.55 earnings per share for the current fiscal year.

GATX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 30th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.58 per share. The ex-dividend date is Friday, June 14th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.82%. GATX’s dividend payout ratio (DPR) is presently 33.05%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GATX. Susquehanna raised their price objective on GATX from $120.00 to $122.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. TD Cowen raised their target price on GATX from $122.00 to $136.00 and gave the company a “market perform” rating in a research note on Wednesday, January 24th. Finally, Wells Fargo & Company raised their target price on GATX from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th.

Insider Transactions at GATX

In related news, CFO Thomas A. Ellman sold 18,000 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $127.54, for a total value of $2,295,720.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Kevin Hillesland sold 2,200 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $133.83, for a total transaction of $294,426.00. Following the sale, the senior vice president now 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 is available through the SEC website. Also, CFO Thomas A. Ellman sold 18,000 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $127.54, for a total value of $2,295,720.00. Following the sale, the chief financial officer now owns 35,429 shares in the company, valued at approximately $4,518,614.66. The disclosure for this sale can be found here. Insiders sold a total of 39,694 shares of company stock worth $5,040,656 over the last three months. 1.80% of the stock is currently owned by insiders.

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.