New York State Common Retirement Fund lessened its stake in shares of GATX Co. (NYSE:GATX – Get Rating) by 0.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 238,818 shares of the transportation company’s stock after selling 1,321 shares during the period. New York State Common Retirement Fund owned approximately 0.68% of GATX worth $25,396,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. TCI Wealth Advisors Inc. raised its holdings in GATX by 76.2% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 569 shares of the transportation company’s stock valued at $48,000 after buying an additional 246 shares during the period. Cutler Group LLC CA purchased a new stake in GATX during the 3rd quarter valued at $50,000. Rockefeller Capital Management L.P. raised its holdings in GATX by 124.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 733 shares of the transportation company’s stock valued at $62,000 after buying an additional 407 shares during the period. Bessemer Group Inc. raised its holdings in GATX by 489.1% during the 3rd quarter. Bessemer Group Inc. now owns 760 shares of the transportation company’s stock valued at $65,000 after buying an additional 631 shares during the period. Finally, Wipfli Financial Advisors LLC purchased a new stake in GATX during the 3rd quarter valued at $102,000. Hedge funds and other institutional investors own 99.10% of the company’s stock.
Insider Activity
In other news, CFO Thomas A. Ellman sold 18,900 shares of the firm’s stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $115.98, for a total transaction of $2,192,022.00. Following the transaction, the chief financial officer now owns 35,361 shares in the company, valued at $4,101,168.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Thomas A. Ellman sold 18,900 shares of the firm’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $115.98, for a total transaction of $2,192,022.00. Following the sale, the chief financial officer now owns 35,361 shares of the company’s stock, valued at $4,101,168.78. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jeffery R. Young sold 216 shares of the firm’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $117.10, for a total value of $25,293.60. Following the sale, the senior vice president now directly owns 6,871 shares in the company, valued at approximately $804,594.10. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.
Wall Street Analyst Weigh In
GATX Stock Performance
Shares of GATX stock opened at $112.29 on Friday. The firm has a market cap of $3.97 billion, a P/E ratio of 25.87 and a beta of 1.05. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 3.18. GATX Co. has a 12 month low of $84.96 and a 12 month high of $122.28. The stock’s fifty day moving average price is $108.17 and its 200-day moving average price is $106.54.
GATX (NYSE:GATX – Get Rating) last announced its quarterly earnings results on Tuesday, January 24th. The transportation company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.38 by $0.16. The firm had revenue of $322.70 million for the quarter, compared to analyst estimates of $327.63 million. GATX had a return on equity of 10.87% and a net margin of 12.25%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $1.69 earnings per share. On average, equities research analysts expect that GATX Co. will post 6.71 earnings per share for the current fiscal year.
GATX Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Friday, March 3rd were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, March 2nd. This represents a $2.20 annualized dividend and a dividend yield of 1.96%. This is a positive change from GATX’s previous quarterly dividend of $0.52. GATX’s dividend payout ratio (DPR) is currently 50.69%.
About GATX
GATX Corp. engages in leasing and owning railcar and fleets in North America, Europe and Asia. It operates through the following segments: Rail North America, Rail International, and Portfolio Management. The Rail North America segment provides railcars pursuant to full-service leases under which it maintains the railcars and provides other ancillary services.
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