GATX Co. (NYSE:GATX) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its holdings in shares of GATX Co. (NYSE:GATX) by 8.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,834 shares of the transportation company’s stock after selling 375 shares during the period. State of Alaska Department of Revenue’s holdings in GATX were worth $460,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new stake in shares of GATX during the 3rd quarter worth approximately $27,000. Headinvest LLC acquired a new stake in GATX in the third quarter worth $33,000. McGlone Suttner Wealth Management Inc. bought a new stake in GATX in the fourth quarter valued at $36,000. Bruce G. Allen Investments LLC acquired a new position in shares of GATX during the fourth quarter valued at $42,000. Finally, Adirondack Trust Co. bought a new position in shares of GATX during the third quarter worth about $44,000. Institutional investors own 93.14% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on GATX shares. Wells Fargo & Company lifted their price objective on shares of GATX from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. TD Cowen lifted their price target on GATX from $122.00 to $136.00 and gave the company a “market perform” rating in a report on Wednesday, January 24th. Finally, Susquehanna increased their price objective on GATX from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th.

Insider Activity

In other GATX news, SVP Kevin Hillesland sold 2,200 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $133.83, for a total value of $294,426.00. Following the sale, the senior vice president now directly owns 7,711 shares in the company, valued at $1,031,963.13. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other GATX news, SVP Kevin Hillesland sold 2,200 shares of GATX stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $133.83, for a total value of $294,426.00. Following the transaction, the senior vice president now owns 7,711 shares in the company, valued at $1,031,963.13. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Thomas A. Ellman sold 18,000 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $127.54, for a total value of $2,295,720.00. Following the completion of the transaction, the chief financial officer now directly owns 35,429 shares in the company, valued at approximately $4,518,614.66. The disclosure for this sale can be found here. Insiders sold a total of 39,694 shares of company stock worth $5,040,656 over the last 90 days. 1.80% of the stock is currently owned by company insiders.

GATX Stock Down 1.2 %

GATX stock opened at $129.65 on Friday. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 18.13 and a beta of 0.98. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 3.26. The company’s 50-day moving average price is $129.40 and its two-hundred day moving average price is $118.78. GATX Co. has a 52 week low of $97.21 and a 52 week high of $135.65.

GATX (NYSE:GATX) last posted its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.16. The business had revenue of $368.70 million during the quarter, compared to analysts’ expectations of $365.32 million. GATX had a net margin of 18.37% and a return on equity of 11.81%. The business’s revenue was up 14.3% on a year-over-year basis. During the same period last year, the firm posted $1.54 earnings per share. On average, analysts expect that GATX Co. will post 7.53 EPS for the current fiscal year.

GATX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, March 31st. Stockholders of record on Friday, March 1st were issued a $0.58 dividend. This is a positive change from GATX’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.32 annualized dividend and a dividend yield of 1.79%. GATX’s dividend payout ratio is 32.45%.

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.