Free Trial

Goelzer Investment Management Inc. Sells 17,355 Shares of GATX Corporation (NYSE:GATX)

GATX logo with Transportation background

Goelzer Investment Management Inc. lowered its stake in GATX Corporation (NYSE:GATX - Free Report) by 39.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,184 shares of the transportation company's stock after selling 17,355 shares during the quarter. Goelzer Investment Management Inc. owned 0.08% of GATX worth $4,221,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of GATX. Proficio Capital Partners LLC purchased a new position in GATX during the 4th quarter worth $4,562,000. Charles Schwab Investment Management Inc. boosted its holdings in GATX by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 478,214 shares of the transportation company's stock worth $74,104,000 after acquiring an additional 3,485 shares during the last quarter. Assetmark Inc. boosted its holdings in GATX by 60.4% during the 4th quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock worth $28,000 after acquiring an additional 67 shares during the last quarter. Atria Investments Inc boosted its holdings in GATX by 1.2% during the 4th quarter. Atria Investments Inc now owns 15,429 shares of the transportation company's stock worth $2,391,000 after acquiring an additional 181 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in GATX by 7.7% during the 4th quarter. M&T Bank Corp now owns 2,497 shares of the transportation company's stock worth $387,000 after acquiring an additional 178 shares during the last quarter. Institutional investors own 93.14% of the company's stock.

GATX Stock Performance

Shares of NYSE:GATX traded up $0.93 during midday trading on Friday, reaching $159.50. The company had a trading volume of 82,633 shares, compared to its average volume of 171,348. GATX Corporation has a 52-week low of $127.70 and a 52-week high of $168.89. The company's 50 day moving average price is $151.43 and its 200 day moving average price is $154.47. The stock has a market cap of $5.69 billion, a P/E ratio of 20.22 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 (NYSE:GATX - Get Free Report) last announced its quarterly earnings data 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 return on equity of 12.00% and a net margin of 17.73%. The business had revenue of $421.60 million for the quarter, compared to analysts' expectations of $417.06 million. During the same period in the previous year, the business posted $2.01 EPS. The firm's quarterly revenue was up 11.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that GATX Corporation will post 8.5 EPS for the current fiscal year.

GATX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Friday, June 13th. GATX's dividend payout ratio is currently 30.93%.

Analyst Upgrades and Downgrades

GATX has been the topic of a number of analyst reports. Susquehanna cut their price objective on shares of 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.

Check Out Our Latest Research Report on GATX

Insider Transactions at GATX

In other news, EVP Paul F. Titterton sold 18,700 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $156.66, for a total transaction of $2,929,542.00. Following the sale, the executive vice president directly owned 10,468 shares in the company, valued at $1,639,916.88. This represents a 64.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Jennifer Mcmanus sold 1,800 shares of the company's stock in a transaction that occurred on 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 transaction, the vice president owned 3,468 shares in the company, valued at approximately $537,262.56. This trade represents a 34.17% 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.

GATX Company Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for GATX (NYSE:GATX)

Should You Invest $1,000 in GATX Right Now?

Before you consider GATX, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GATX wasn't on the list.

While GATX currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

(Almost)  Everything You Need To Know About The EV Market Cover

Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 “Boring” Mega Cap Stocks to Turn Into Pure Profit
Joby vs. Archer: The $10 Billion eVTOL Battle
3 Small-Cap Biotech Stocks With Catalysts Too Big to Ignore

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines