BNP Paribas Financial Markets Sells 3,298 Shares of GATX Co. (NYSE:GATX)

BNP Paribas Financial Markets cut its position in shares of GATX Co. (NYSE:GATX - Free Report) by 31.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,046 shares of the transportation company's stock after selling 3,298 shares during the quarter. BNP Paribas Financial Markets' holdings in GATX were worth $1,092,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew its position in GATX by 91.8% during the fourth quarter. UMB Bank n.a. now owns 163 shares of the transportation company's stock worth $25,000 after buying an additional 78 shares in the last quarter. Assetmark Inc. grew its position in GATX by 60.4% during the fourth quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock worth $28,000 after buying an additional 67 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in GATX during the fourth quarter worth about $39,000. Compagnie Lombard Odier SCmA bought a new position in GATX during the fourth quarter worth about $46,000. Finally, Huntington National Bank lifted its stake in GATX by 54.3% during the fourth quarter. Huntington National Bank now owns 344 shares of the transportation company's stock worth $53,000 after purchasing an additional 121 shares during the period. 93.14% of the stock is owned by institutional investors and hedge funds.

GATX Price Performance

GATX traded down $1.05 during midday trading on Monday, reaching $144.27. 140,795 shares of the company's stock were exchanged, compared to its average volume of 165,480. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 18.57 and a beta of 1.18. The company has a quick ratio of 3.41, a current ratio of 2.77 and a debt-to-equity ratio of 3.37. GATX Co. has a one year low of $127.00 and a one year high of $168.89. The business has a 50-day simple moving average of $148.60 and a two-hundred day simple moving average of $155.45.

GATX (NYSE:GATX - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.09 by $0.06. GATX had a net margin of 17.92% and a return on equity of 12.07%. The company had revenue of $421.60 million during the quarter, compared to analysts' expectations of $417.06 million. During the same quarter in the previous year, the company posted $2.01 earnings per share. GATX's quarterly revenue was up 11.0% compared to the same quarter last year. As a group, research analysts predict that GATX Co. will post 8.5 EPS for the current year.

GATX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Friday, June 13th. GATX's dividend payout ratio (DPR) is currently 30.93%.

Analysts Set New Price Targets

A number of brokerages have commented on GATX. The Goldman Sachs Group restated a "buy" rating on shares of GATX in a research note on Wednesday, April 23rd. Susquehanna cut their price target on shares of GATX from $165.00 to $160.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th.

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.