GATX Co. (NYSE:GATX) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lowered its stake in shares of GATX Co. (NYSE:GATX) by 15.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,717 shares of the transportation company’s stock after selling 10,564 shares during the period. ProShare Advisors LLC owned about 0.16% of GATX worth $7,375,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in GATX by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,917,862 shares of the transportation company’s stock worth $471,005,000 after buying an additional 14,420 shares in the last quarter. Earnest Partners LLC increased its position in shares of GATX by 2.7% during the first quarter. Earnest Partners LLC now owns 3,049,841 shares of the transportation company’s stock worth $408,770,000 after purchasing an additional 80,087 shares in the last quarter. Sei Investments Co. raised its stake in GATX by 4.9% in the 2nd quarter. Sei Investments Co. now owns 869,643 shares of the transportation company’s stock valued at $115,106,000 after purchasing an additional 40,924 shares during the last quarter. American Century Companies Inc. lifted its holdings in GATX by 16.9% in the 2nd quarter. American Century Companies Inc. now owns 831,625 shares of the transportation company’s stock valued at $110,074,000 after purchasing an additional 120,149 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in GATX by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 378,274 shares of the transportation company’s stock worth $50,068,000 after purchasing an additional 5,686 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Price Performance

Shares of NYSE GATX opened at $137.91 on Wednesday. The firm has a 50-day simple moving average of $137.73 and a 200-day simple moving average of $134.40. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 3.52. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 19.65 and a beta of 0.96. GATX Co. has a 52 week low of $97.21 and a 52 week high of $151.33.

GATX (NYSE:GATX) last released its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.43 earnings per share 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 company had revenue of $386.70 million for the quarter, compared to analyst estimates of $385.45 million. During the same period last year, the firm posted $1.73 EPS. The business’s quarterly revenue was up 12.7% on a year-over-year basis. On average, equities analysts predict that GATX Co. will post 7.5 earnings per share for the current fiscal year.

GATX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, September 13th. GATX’s dividend payout ratio is currently 33.05%.

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.