Retirement Systems of Alabama Purchases 262 Shares of GATX Co. (NYSE:GATX)

Retirement Systems of Alabama lifted its position in shares of GATX Co. (NYSE:GATX) by 0.6% in the fourth quarter, HoldingsChannel reports. The fund owned 44,462 shares of the transportation company’s stock after buying an additional 262 shares during the period. Retirement Systems of Alabama’s holdings in GATX were worth $5,345,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. State of New Jersey Common Pension Fund D increased its holdings in GATX by 12.1% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 23,309 shares of the transportation company’s stock valued at $2,802,000 after purchasing an additional 2,510 shares during the last quarter. Yousif Capital Management LLC increased its holdings in GATX by 0.6% in the fourth quarter. Yousif Capital Management LLC now owns 16,574 shares of the transportation company’s stock valued at $1,993,000 after purchasing an additional 96 shares during the last quarter. GAMMA Investing LLC bought a new stake in GATX in the fourth quarter valued at about $32,000. Handelsbanken Fonder AB increased its holdings in GATX by 29.5% in the fourth quarter. Handelsbanken Fonder AB now owns 7,030 shares of the transportation company’s stock valued at $845,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in GATX by 10.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,472 shares of the transportation company’s stock valued at $898,000 after purchasing an additional 729 shares during the last quarter. Institutional investors own 93.14% of the company’s stock.

Insider Transactions at GATX

In other news, SVP Kevin Hillesland sold 2,200 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $133.83, for a total transaction of $294,426.00. Following the completion of the transaction, the senior vice president now directly owns 7,711 shares of the company’s stock, valued at $1,031,963.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Kevin Hillesland sold 2,200 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 7,711 shares of the company’s stock, valued at $1,031,963.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 of the company’s stock, valued at $5,620,047. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

GATX Stock Up 1.3 %

NYSE:GATX opened at $127.98 on Monday. The company has a current ratio of 3.39, a quick ratio of 2.79 and a debt-to-equity ratio of 3.28. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 18.23 and a beta of 1.00. The stock has a 50-day moving average price of $129.66 and a two-hundred day moving average price of $120.91. GATX Co. has a 1 year low of $97.21 and a 1 year high of $135.65.

GATX (NYSE:GATX) last posted its quarterly earnings data 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. The company had revenue of $379.90 million during the quarter, compared to analysts’ expectations of $375.80 million. GATX had a return on equity of 11.29% and a net margin of 17.64%. GATX’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.20 earnings per share. As a group, equities analysts expect that GATX Co. will post 7.55 earnings per share for the current year.

GATX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 30th. Stockholders of record on Friday, June 14th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.32 annualized dividend and a dividend yield of 1.81%. GATX’s dividend payout ratio is currently 33.05%.

Wall Street Analyst Weigh In

A number of research firms recently commented on GATX. Susquehanna upped their price objective on GATX from $120.00 to $122.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. TD Cowen boosted 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 boosted 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.

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.