GATX Co. (NYSE:GATX) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in GATX Co. (NYSE:GATX) by 11.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 119,401 shares of the transportation company’s stock after selling 15,403 shares during the quarter. Principal Financial Group Inc. owned 0.34% of GATX worth $15,804,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in GATX during the 4th quarter valued at approximately $41,112,000. Sei Investments Co. boosted its position in GATX by 32.2% during the 4th quarter. Sei Investments Co. now owns 784,202 shares of the transportation company’s stock valued at $94,277,000 after purchasing an additional 191,187 shares during the period. Earnest Partners LLC boosted its position in GATX by 2.7% during the 1st quarter. Earnest Partners LLC now owns 3,049,841 shares of the transportation company’s stock valued at $408,770,000 after purchasing an additional 80,087 shares during the period. UBS Group AG boosted its position in GATX by 73.2% during the 4th quarter. UBS Group AG now owns 51,988 shares of the transportation company’s stock valued at $6,250,000 after purchasing an additional 21,977 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in GATX during the 1st quarter valued at approximately $2,825,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Trading Down 0.7 %

NYSE:GATX opened at $134.29 on Thursday. GATX Co. has a 12-month low of $97.21 and a 12-month high of $151.33. The firm has a market capitalization of $4.78 billion, a P/E ratio of 19.13 and a beta of 0.96. The company has a debt-to-equity ratio of 3.52, a current ratio of 4.97 and a quick ratio of 4.97. The business has a 50 day simple moving average of $137.94 and a 200 day simple moving average of $133.53.

GATX (NYSE:GATX) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). GATX had a return on equity of 10.61% and a net margin of 15.86%. The business had revenue of $386.70 million for the quarter, compared to analyst estimates of $385.45 million. During the same quarter last year, the firm posted $1.73 EPS. The company’s revenue was up 12.7% compared to the same quarter last year. Equities research analysts predict that GATX Co. will post 7.5 EPS for the current year.

GATX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.32 dividend on an annualized basis and a yield of 1.73%. GATX’s dividend payout ratio (DPR) is presently 33.05%.

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.