GATX Corporation (NYSE:GATX) Shares Sold by AE Wealth Management LLC

AE Wealth Management LLC decreased its holdings in GATX Corporation (NYSE:GATX - Free Report) by 32.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,992 shares of the transportation company's stock after selling 1,922 shares during the quarter. AE Wealth Management LLC's holdings in GATX were worth $620,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GATX. Thurston Springer Miller Herd & Titak Inc. purchased a new position in GATX in the 1st quarter worth about $30,000. Brown Brothers Harriman & Co. bought a new stake in shares of GATX during the 4th quarter valued at about $39,000. Orion Capital Management LLC bought a new stake in shares of GATX during the 4th quarter valued at about $39,000. UMB Bank n.a. grew its stake in shares of GATX by 101.2% during the 1st quarter. UMB Bank n.a. now owns 328 shares of the transportation company's stock valued at $51,000 after purchasing an additional 165 shares during the period. Finally, Huntington National Bank grew its stake in shares of GATX by 54.3% during the 4th quarter. Huntington National Bank now owns 344 shares of the transportation company's stock valued at $53,000 after purchasing an additional 121 shares during the period. Hedge funds and other institutional investors own 93.14% of the company's stock.

GATX Stock Performance

GATX stock traded down $3.60 during midday trading on Friday, hitting $149.09. 250,150 shares of the company were exchanged, compared to its average volume of 167,480. The firm has a market capitalization of $5.32 billion, a PE ratio of 17.06 and a beta of 1.16. GATX Corporation has a fifty-two week low of $127.69 and a fifty-two week high of $168.89. The business has a fifty day simple moving average of $154.68 and a two-hundred day simple moving average of $154.64. The company has a debt-to-equity ratio of 3.27, a quick ratio of 4.14 and a current ratio of 2.93.

GATX (NYSE:GATX - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The transportation company reported $2.06 earnings per share (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 firm had revenue of $430.50 million for the quarter, compared to analyst estimates of $425.52 million. On average, sell-side analysts forecast that GATX Corporation will post 8.5 earnings per share for the current year.

GATX Announces Dividend

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

Analysts Set New Price Targets

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

Insider Activity at GATX

In other news, SVP Kevin Hillesland sold 2,200 shares of the company's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $152.59, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Jennifer Mcmanus sold 1,800 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $154.92, for a total value of $278,856.00. Following the transaction, the vice president directly owned 3,468 shares of the company's stock, valued at approximately $537,262.56. This represents a 34.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,700 shares of company stock worth $3,544,096. 2.17% of the stock is currently owned by company insiders.

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.