GATX Corporation $GATX Shares Sold by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in GATX Corporation by 3.9% in Q1, holding 459,518 shares worth approximately $71.35 million.
• GATX reported a quarterly earnings per share of $2.06, surpassing analysts' expectations of $1.95 and generating revenues of $430.5 million.
• The company recently announced a quarterly dividend of $0.61 per share, which will be paid to shareholders on September 30th, representing an annualized yield of 1.6%.

Charles Schwab Investment Management Inc. reduced its stake in GATX Corporation (NYSE:GATX - Free Report) by 3.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 459,518 shares of the transportation company's stock after selling 18,696 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.29% of GATX worth $71,349,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Principal Financial Group Inc. boosted its position in shares of GATX by 0.9% in the 1st quarter. Principal Financial Group Inc. now owns 82,389 shares of the transportation company's stock worth $12,793,000 after buying an additional 767 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of GATX by 3.9% in the first 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. Teacher Retirement System of Texas grew its position in shares of GATX by 29.4% in the first quarter. Teacher Retirement System of Texas now owns 8,796 shares of the transportation company's stock valued at $1,366,000 after purchasing an additional 1,997 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of GATX by 6.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 2,523 shares of the transportation company's stock worth $392,000 after purchasing an additional 146 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of GATX by 337.8% during the 1st quarter. GAMMA Investing LLC now owns 2,294 shares of the transportation company's stock worth $356,000 after purchasing an additional 1,770 shares in the last quarter. Institutional investors and hedge funds own 93.14% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Susquehanna set a $190.00 target price on GATX and gave the company a "positive" rating in a report on Monday. The Goldman Sachs Group reaffirmed a "buy" rating on shares of GATX in a research note on Wednesday, April 23rd.

GATX Trading Up 0.8%

NYSE GATX traded up $1.32 during mid-day trading on Monday, reaching $157.72. 56,611 shares of the stock were exchanged, compared to its average volume of 174,753. The stock has a market capitalization of $5.61 billion, a PE ratio of 18.05 and a beta of 1.18. The company has a debt-to-equity ratio of 3.27, a quick ratio of 2.93 and a current ratio of 2.93. GATX Corporation has a 1-year low of $127.69 and a 1-year high of $168.89. The business's fifty day simple moving average is $154.99 and its 200 day simple moving average is $154.15.

GATX (NYSE:GATX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The transportation company reported $2.06 EPS for the quarter, beating analysts' consensus estimates of $1.95 by $0.11. The business had revenue of $430.50 million during the quarter, compared to the consensus estimate of $425.52 million. GATX had a return on equity of 12.52% and a net margin of 19.13%. On average, research analysts anticipate that GATX Corporation will post 8.5 earnings per share for the current fiscal year.

GATX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, September 15th. GATX's dividend payout ratio is presently 27.92%.

Insider Transactions at GATX

In related news, EVP Paul F. Titterton sold 18,700 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 10,468 shares in the company, valued at approximately $1,639,916.88. The trade was a 64.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kevin Hillesland sold 2,200 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $152.59, for a total transaction of $335,698.00. Following the transaction, the senior vice president directly owned 7,606 shares in the company, valued at approximately $1,160,599.54. This represents a 22.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,700 shares of company stock worth $3,544,096 in the last three months. Company insiders own 2.17% of the company's stock.

GATX 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.