PNC Financial Services Group Inc. Has $890,000 Stock Holdings in GATX Corporation (NYSE:GATX)

PNC Financial Services Group Inc. boosted its holdings in shares of GATX Corporation (NYSE:GATX) by 12.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 5,734 shares of the transportation company’s stock after acquiring an additional 619 shares during the period. PNC Financial Services Group Inc.’s holdings in GATX were worth $890,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of GATX in the 1st quarter valued at $30,000. TCTC Holdings LLC grew its holdings in shares of GATX by 117.0% in the 1st quarter. TCTC Holdings LLC now owns 243 shares of the transportation company’s stock valued at $38,000 after buying an additional 131 shares during the period. Orion Capital Management LLC acquired a new position in GATX in the 4th quarter worth $39,000. UMB Bank n.a. boosted its stake in GATX by 101.2% in 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 period. Finally, CWM LLC boosted its stake in GATX by 12.7% in the 1st quarter. CWM LLC now owns 621 shares of the transportation company’s stock worth $96,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 93.14% of the company’s stock.

Wall Street Analyst Weigh In

GATX has been the subject of a number of research analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of GATX in a research note on Wednesday, April 23rd. Susquehanna reduced their target price on shares of GATX from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th.

GATX Trading Up 1.1%

GATX stock opened at $152.87 on Tuesday. The firm has a 50-day moving average of $154.85 and a 200-day moving average of $154.36. GATX Corporation has a one year low of $127.69 and a one year high of $168.89. The company has a debt-to-equity ratio of 3.27, a current ratio of 2.93 and a quick ratio of 2.93. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 17.49 and a beta of 1.18.

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, beating 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 business had revenue of $430.50 million during the quarter, compared to the consensus estimate of $425.52 million. On average, equities analysts expect that GATX Corporation will post 8.5 earnings per share for the current fiscal year.

GATX Announces Dividend

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

Insider Activity at GATX

In related news, SVP Kevin Hillesland sold 2,200 shares of the firm’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $152.59, for a total value of $335,698.00. Following the completion of the sale, the senior vice president directly owned 7,606 shares in the company, valued at approximately $1,160,599.54. This trade represents a 22.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Paul F. Titterton sold 18,700 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $156.66, for a total transaction of $2,929,542.00. Following the completion of the sale, the executive vice president owned 10,468 shares of the company’s stock, valued at $1,639,916.88. This trade represents a 64.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,700 shares of company stock worth $3,544,096. Insiders own 2.17% of the company’s stock.

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.