Vanguard Group Inc. Decreases Stock Position in GATX Corporation (NYSE:GATX)

Vanguard Group Inc. lessened its stake in shares of GATX Corporation (NYSE:GATX) by 1.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,888,327 shares of the transportation company’s stock after selling 61,562 shares during the period. Vanguard Group Inc. owned approximately 10.89% of GATX worth $603,741,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Earnest Partners LLC raised its holdings in GATX by 1.2% during the 4th quarter. Earnest Partners LLC now owns 3,113,589 shares of the transportation company’s stock valued at $482,482,000 after buying an additional 35,890 shares during the period. Northern Trust Corp raised its holdings in GATX by 12.4% during the 4th quarter. Northern Trust Corp now owns 700,603 shares of the transportation company’s stock valued at $108,565,000 after buying an additional 77,437 shares during the period. Ameriprise Financial Inc. increased its stake in GATX by 103.4% in the fourth quarter. Ameriprise Financial Inc. now owns 364,492 shares of the transportation company’s stock worth $56,479,000 after purchasing an additional 185,321 shares during the period. GAMMA Investing LLC increased its stake in GATX by 67,875.0% in the first quarter. GAMMA Investing LLC now owns 356,189 shares of the transportation company’s stock worth $55,305,000 after purchasing an additional 355,665 shares during the period. Finally, Ensign Peak Advisors Inc increased its stake in GATX by 2,826.7% in the fourth quarter. Ensign Peak Advisors Inc now owns 351,264 shares of the transportation company’s stock worth $54,432,000 after purchasing an additional 339,262 shares during the period. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Insider Transactions at GATX

In other news, SVP Kevin Hillesland sold 2,200 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $152.59, for a total transaction of $335,698.00. Following the transaction, the senior vice president owned 7,606 shares of the company’s stock, valued at approximately $1,160,599.54. This represents a 22.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paul F. Titterton sold 18,700 shares of the stock in a transaction 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 transaction, the executive vice president directly owned 10,468 shares in the company, valued at $1,639,916.88. The trade was a 64.11% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,700 shares of company stock valued at $3,544,096. 2.17% of the stock is currently owned by corporate insiders.

GATX Stock Performance

GATX stock opened at $159.76 on Thursday. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 3.27. The business’s fifty day simple moving average is $154.97 and its two-hundred day simple moving average is $154.42. GATX Corporation has a twelve month low of $127.69 and a twelve month high of $168.89. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 18.28 and a beta of 1.18.

GATX (NYSE:GATX) last released its earnings results on Tuesday, July 29th. The transportation company reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.11. GATX had a return on equity of 12.52% and a net margin of 19.13%. The business had revenue of $430.50 million for the quarter, compared to analyst estimates of $425.52 million. Analysts predict that GATX Corporation will post 8.5 earnings per share for the current year.

GATX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.5%. GATX’s dividend payout ratio is presently 27.92%.

Analyst Ratings Changes

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

GATX 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.