Pacer Advisors Inc. Decreases Stock Holdings in GATX Corporation (NYSE:GATX)

Pacer Advisors Inc. lowered its position in GATX Corporation (NYSE:GATX) by 65.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,650 shares of the transportation company’s stock after selling 4,955 shares during the period. Pacer Advisors Inc.’s holdings in GATX were worth $411,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of GATX during the first quarter valued at about $30,000. Orion Capital Management LLC purchased a new stake in GATX during the 4th quarter worth approximately $39,000. UMB Bank n.a. grew its position in GATX by 101.2% during the 1st quarter. UMB Bank n.a. now owns 328 shares of the transportation company’s stock worth $51,000 after purchasing an additional 165 shares during the last quarter. Huntington National Bank increased its stake in GATX by 54.3% during the 4th quarter. Huntington National Bank now owns 344 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 121 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of GATX by 12.7% in the first quarter. CWM LLC now owns 621 shares of the transportation company’s stock worth $96,000 after buying an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GATX. Susquehanna dropped their price objective on shares of GATX from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group reiterated a “buy” rating on shares of GATX in a research note on Wednesday, April 23rd.

Insider Transactions at GATX

In other news, VP Jennifer Mcmanus sold 1,800 shares of the firm’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 transaction of $278,856.00. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Kevin Hillesland sold 2,200 shares of GATX stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $152.59, for a total transaction of $335,698.00. Following the transaction, the senior vice president directly owned 7,606 shares of the company’s stock, valued at approximately $1,160,599.54. This trade represents a 22.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,700 shares of company stock worth $3,544,096 over the last quarter. 2.17% of the stock is currently owned by insiders.

GATX Stock Performance

GATX opened at $149.09 on Friday. The company has a current ratio of 2.93, a quick ratio of 4.14 and a debt-to-equity ratio of 3.27. GATX Corporation has a 12-month low of $127.69 and a 12-month high of $168.89. The firm has a 50 day moving average of $154.68 and a two-hundred day moving average of $154.64. The firm has a market capitalization of $5.32 billion, a PE ratio of 17.06 and a beta of 1.16.

GATX (NYSE:GATX) last issued its earnings results on Tuesday, July 29th. The transportation company reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.11. GATX had a net margin of 19.13% and a return on equity of 12.52%. The firm had revenue of $430.50 million during the quarter, compared to analysts’ expectations of $425.52 million. On average, analysts anticipate that GATX Corporation will post 8.5 EPS for the current year.

GATX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $0.61 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.6%. GATX’s dividend payout ratio is presently 27.92%.

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.