California Public Employees Retirement System Sells 688 Shares of GATX Co. (NYSE:GATX)

California Public Employees Retirement System reduced its holdings in shares of GATX Co. (NYSE:GATX) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 86,019 shares of the transportation company’s stock after selling 688 shares during the period. California Public Employees Retirement System’s holdings in GATX were worth $10,341,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its stake in shares of GATX by 82.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 196,936 shares of the transportation company’s stock valued at $21,433,000 after purchasing an additional 89,194 shares during the period. American Century Companies Inc. lifted its holdings in shares of GATX by 22.6% during the third quarter. American Century Companies Inc. now owns 468,726 shares of the transportation company’s stock valued at $51,011,000 after acquiring an additional 86,501 shares during the period. Earnest Partners LLC lifted its holdings in shares of GATX by 3.0% during the third quarter. Earnest Partners LLC now owns 2,829,696 shares of the transportation company’s stock valued at $307,956,000 after acquiring an additional 82,608 shares during the period. Sei Investments Co. grew its holdings in shares of GATX by 15.4% in the 3rd quarter. Sei Investments Co. now owns 593,015 shares of the transportation company’s stock worth $64,538,000 after purchasing an additional 79,015 shares during the last quarter. Finally, Walleye Capital LLC acquired a new stake in shares of GATX during the 3rd quarter worth about $6,698,000. Institutional investors own 93.14% of the company’s stock.

GATX Trading Up 1.7 %

GATX opened at $124.46 on Thursday. GATX Co. has a 1-year low of $97.21 and a 1-year high of $135.65. The firm has a 50-day moving average price of $129.64 and a two-hundred day moving average price of $120.58. The stock has a market capitalization of $4.43 billion, a PE ratio of 17.73 and a beta of 0.98. 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 issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.29. GATX had a net margin of 17.64% and a return on equity of 11.29%. The business had revenue of $379.90 million during the quarter, compared to analyst estimates of $375.80 million. During the same quarter last year, the business posted $2.20 earnings per share. GATX’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, equities analysts anticipate that GATX Co. will post 7.55 earnings per share for the current fiscal year.

GATX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 30th. Investors of record on Friday, June 14th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.86%. The ex-dividend date is Friday, June 14th. GATX’s dividend payout ratio is 33.05%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other GATX news, SVP Kevin Hillesland sold 2,200 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $133.83, for a total transaction of $294,426.00. Following the transaction, the senior vice president now directly owns 7,711 shares in the company, valued at approximately $1,031,963.13. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Robert C. Lyons sold 19,300 shares of GATX 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 directly owns 44,710 shares of the company’s stock, valued at $5,620,047. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Kevin Hillesland sold 2,200 shares of the stock in a transaction dated 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 approximately $1,031,963.13. The disclosure for this sale can be found here. Corporate insiders own 1.99% of the company’s stock.

About GATX

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.