GATX Corporation (NYSE:GATX) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its stake in shares of GATX Corporation (NYSE:GATX) by 3.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 459,518 shares of the transportation company’s stock after selling 18,696 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.29% of GATX worth $71,349,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in GATX. Principal Financial Group Inc. boosted its stake in shares of GATX by 0.9% during the first quarter. Principal Financial Group Inc. now owns 82,389 shares of the transportation company’s stock valued at $12,793,000 after acquiring an additional 767 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of GATX by 3.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,356 shares of the transportation company’s stock valued at $521,000 after acquiring an additional 126 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of GATX by 29.4% during the first quarter. Teacher Retirement System of Texas now owns 8,796 shares of the transportation company’s stock valued at $1,366,000 after acquiring an additional 1,997 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of GATX by 6.1% during the first quarter. Janney Montgomery Scott LLC now owns 2,523 shares of the transportation company’s stock valued at $392,000 after acquiring an additional 146 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of GATX by 337.8% during the first quarter. GAMMA Investing LLC now owns 2,294 shares of the transportation company’s stock valued at $356,000 after acquiring an additional 1,770 shares during the last quarter. 93.14% of the stock is owned by institutional investors and hedge funds.

GATX Stock Performance

Shares of GATX opened at $157.14 on Friday. GATX Corporation has a 1 year low of $127.69 and a 1 year high of $168.89. The company has a market cap of $5.59 billion, a price-to-earnings ratio of 17.98 and a beta of 1.18. The company has a debt-to-equity ratio of 3.27, a quick ratio of 2.93 and a current ratio of 2.93. The firm has a fifty day moving average of $155.01 and a 200-day moving average of $154.37.

GATX (NYSE:GATX) last posted its quarterly earnings data on Tuesday, July 29th. The transportation company reported $2.06 EPS 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 company had revenue of $430.50 million for the quarter, compared to the consensus estimate of $425.52 million. As a group, equities analysts anticipate that GATX Corporation will post 8.5 earnings per share for the current year.

GATX Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Insider Transactions at GATX

In other news, SVP Kevin Hillesland sold 2,200 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $152.59, for a total value of $335,698.00. Following the completion of the transaction, the senior vice president directly 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 sale, the executive vice president 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 quarter, insiders sold 22,700 shares of company stock worth $3,544,096. 2.17% of the stock is owned by corporate insiders.

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.