Teacher Retirement System of Texas Purchases 1,997 Shares of GATX Corporation (NYSE:GATX)

Teacher Retirement System of Texas boosted its position in shares of GATX Corporation (NYSE:GATX) by 29.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,796 shares of the transportation company’s stock after buying an additional 1,997 shares during the period. Teacher Retirement System of Texas’ holdings in GATX were worth $1,366,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GATX. Assetmark Inc. lifted its stake in shares of GATX by 60.4% in the 4th quarter. Assetmark Inc. now owns 178 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 67 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of GATX in the 1st quarter valued at approximately $30,000. Brown Brothers Harriman & Co. bought a new stake in shares of GATX in the 4th quarter valued at approximately $39,000. Orion Capital Management LLC bought a new stake in shares of GATX in the 4th quarter valued at approximately $39,000. Finally, UMB Bank n.a. lifted its stake in shares of GATX by 101.2% in the 1st quarter. UMB Bank n.a. now owns 328 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 165 shares during the last quarter. 93.14% of the stock is owned by institutional investors.

GATX Price Performance

Shares of GATX stock opened at $158.10 on Friday. The company has a quick ratio of 4.14, a current ratio of 4.14 and a debt-to-equity ratio of 3.43. GATX Corporation has a twelve month low of $127.70 and a twelve month high of $168.89. The business has a 50-day moving average price of $152.69 and a 200 day moving average price of $154.56. The firm has a market cap of $5.64 billion, a PE ratio of 20.04 and a beta of 1.16.

GATX (NYSE:GATX) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.06. GATX had a return on equity of 12.00% and a net margin of 17.73%. The firm had revenue of $421.60 million during the quarter, compared to analyst estimates of $417.06 million. During the same quarter in the previous year, the business earned $2.01 EPS. GATX’s revenue for the quarter was up 11.0% compared to the same quarter last year. Sell-side analysts predict that GATX Corporation will post 8.5 earnings per share for the current fiscal year.

GATX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a $0.61 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.54%. GATX’s dividend payout ratio (DPR) is presently 30.93%.

Insider Buying and Selling

In other news, EVP Paul F. Titterton sold 18,700 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $156.66, for a total value of $2,929,542.00. Following the completion of the sale, the executive vice president directly owned 10,468 shares in the company, valued at $1,639,916.88. This represents a 64.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Jennifer Mcmanus sold 1,800 shares of the company’s stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $154.92, for a total value of $278,856.00. Following the completion of the sale, the vice president owned 3,468 shares of the company’s stock, valued at $537,262.56. This trade represents a 34.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.17% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on GATX. Susquehanna decreased their price target on GATX from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. The Goldman Sachs Group restated a “buy” rating on shares of GATX in a report on Wednesday, April 23rd.

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.