Bank of New York Mellon Corp Sells 7,292 Shares of GATX Corporation (NYSE:GATX)

Bank of New York Mellon Corp lessened its holdings in GATX Corporation (NYSE:GATX - Free Report) by 2.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 307,291 shares of the transportation company's stock after selling 7,292 shares during the quarter. Bank of New York Mellon Corp owned 0.86% of GATX worth $47,713,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Assetmark Inc. boosted its stake in shares of GATX by 60.4% in the 4th quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock valued at $28,000 after purchasing an additional 67 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of GATX by 2.3% in the 1st quarter. State of Alaska Department of Revenue now owns 4,154 shares of the transportation company's stock valued at $644,000 after purchasing an additional 95 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in shares of GATX by 7.2% in the 4th quarter. Rehmann Capital Advisory Group now owns 1,644 shares of the transportation company's stock valued at $255,000 after purchasing an additional 110 shares in the last quarter. Huntington National Bank boosted its stake in shares of GATX by 54.3% in 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 in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of GATX by 3.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,356 shares of the transportation company's stock valued at $521,000 after purchasing an additional 126 shares in the last quarter. Institutional investors own 93.14% of the company's stock.

GATX Price Performance

NYSE GATX traded up $1.42 on Thursday, hitting $156.22. 175,315 shares of the company were exchanged, compared to its average volume of 169,571. The firm has a 50 day moving average of $153.52 and a two-hundred day moving average of $154.58. The company has a market cap of $5.58 billion, a P/E ratio of 19.80 and a beta of 1.16. The company has a current ratio of 4.14, a quick ratio of 4.14 and a debt-to-equity ratio of 3.43. GATX Corporation has a 1-year low of $127.70 and a 1-year high of $168.89.

GATX (NYSE:GATX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.06. The business had revenue of $421.60 million for the quarter, compared to the consensus estimate of $417.06 million. GATX had a net margin of 17.73% and a return on equity of 12.00%. The firm's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.01 EPS. On average, equities analysts predict that GATX Corporation will post 8.5 EPS for the current year.

GATX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a dividend of $0.61 per share. The ex-dividend date was Friday, June 13th. This represents a $2.44 annualized dividend and a yield of 1.56%. GATX's dividend payout ratio is currently 30.93%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on GATX shares. Susquehanna reduced their target price on shares of 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 reiterated a "buy" rating on shares of GATX in a research report on Wednesday, April 23rd.

Insider Activity

In other GATX news, VP Jennifer Mcmanus sold 1,800 shares of the business's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $154.92, for a total transaction of $278,856.00. Following the completion of the sale, the vice president directly owned 3,468 shares of the company's stock, valued at approximately $537,262.56. The trade was a 34.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Paul F. Titterton sold 18,700 shares of the business's stock in a transaction dated 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 directly owned 10,468 shares of the company's stock, valued at $1,639,916.88. This represents a 64.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.17% of the company's stock.

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.