GATX Corporation (NYSE:GATX) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp lessened its holdings in shares of GATX Corporation (NYSE:GATX - Free Report) by 11.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,529 shares of the transportation company's stock after selling 2,909 shares during the quarter. Fifth Third Bancorp owned approximately 0.07% of GATX worth $3,653,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Assetmark Inc. raised its stake 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 purchasing an additional 67 shares during the period. Savant Capital LLC raised its position in shares of GATX by 4.6% in the 4th quarter. Savant Capital LLC now owns 1,584 shares of the transportation company's stock worth $245,000 after buying an additional 69 shares during the period. Principal Securities Inc. raised its position in shares of GATX by 9.0% in the 4th quarter. Principal Securities Inc. now owns 919 shares of the transportation company's stock worth $142,000 after buying an additional 76 shares during the period. Arizona State Retirement System boosted its holdings in GATX by 0.8% in the fourth quarter. Arizona State Retirement System now owns 9,816 shares of the transportation company's stock valued at $1,521,000 after acquiring an additional 77 shares during the last quarter. Finally, Rehmann Capital Advisory Group grew its position in GATX by 7.2% during the fourth quarter. Rehmann Capital Advisory Group now owns 1,644 shares of the transportation company's stock valued at $255,000 after acquiring an additional 110 shares during the period. Institutional investors and hedge funds own 93.14% of the company's stock.

Analyst Upgrades and Downgrades

GATX has been the subject of a number of research reports. Susquehanna decreased their target price on GATX from $165.00 to $160.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. The Goldman Sachs Group reiterated a "buy" rating on shares of GATX in a research note on Wednesday, April 23rd.

GATX Stock Up 1.7%

Shares of NYSE GATX traded up $2.63 on Wednesday, hitting $154.14. The company had a trading volume of 89,188 shares, compared to its average volume of 169,438. The company has a quick ratio of 4.14, a current ratio of 4.14 and a debt-to-equity ratio of 3.43. GATX Corporation has a 12-month low of $127.70 and a 12-month high of $168.89. The firm has a market capitalization of $5.50 billion, a P/E ratio of 19.54 and a beta of 1.19. The business has a 50 day moving average of $149.12 and a two-hundred day moving average of $155.06.

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

GATX Announces Dividend

The firm 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 dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.44 annualized dividend and a dividend yield of 1.58%. GATX's dividend payout ratio is presently 30.93%.

Insider Activity

In related news, EVP Paul F. Titterton sold 18,700 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $156.66, for a total value of $2,929,542.00. Following the sale, the executive vice president now directly owns 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jennifer Mcmanus sold 1,800 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were 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 now owns 3,468 shares in the company, valued at approximately $537,262.56. This trade represents a 34.17% decrease in their position. 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.