Goelzer Investment Management Inc. Decreases Stake in GATX Corporation (NYSE:GATX)

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

Other hedge funds have also bought and sold shares of the company. Assetmark Inc. lifted its holdings in shares of 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. Arizona State Retirement System boosted its holdings in shares of GATX by 0.8% in the 4th 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. State of Alaska Department of Revenue increased its stake in shares of GATX by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 4,154 shares of the transportation company's stock worth $644,000 after acquiring an additional 95 shares during the period. Rehmann Capital Advisory Group raised its holdings in shares of GATX by 7.2% during the fourth quarter. Rehmann Capital Advisory Group now owns 1,644 shares of the transportation company's stock worth $255,000 after purchasing an additional 110 shares during the last quarter. Finally, Huntington National Bank lifted its position in GATX by 54.3% during the fourth quarter. Huntington National Bank now owns 344 shares of the transportation company's stock valued at $53,000 after purchasing an additional 121 shares during the period. Institutional investors and hedge funds own 93.14% of the company's stock.

GATX Stock Performance

GATX traded up $0.93 on Thursday, reaching $159.50. The stock had a trading volume of 82,633 shares, compared to its average volume of 171,025. The business's 50-day moving average price is $151.14 and its two-hundred day moving average price is $154.51. The company has a market cap of $5.69 billion, a P/E ratio of 20.22 and a beta of 1.16. GATX Corporation has a 12-month low of $127.70 and a 12-month high of $168.89. 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 results on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.06. The firm had revenue of $421.60 million during the quarter, compared to analyst estimates of $417.06 million. GATX had a return on equity of 12.00% and a net margin of 17.73%. GATX's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.01 EPS. Sell-side analysts forecast that GATX Corporation will post 8.5 earnings per share for the current year.

GATX Dividend Announcement

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

Insiders Place Their Bets

In related news, EVP Paul F. Titterton sold 18,700 shares of GATX 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 in the company, valued at approximately $1,639,916.88. The trade was a 64.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Jennifer Mcmanus sold 1,800 shares of the business'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 value of $278,856.00. Following the sale, the vice president owned 3,468 shares of the company's stock, 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. 2.17% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

GATX has been the topic of several analyst reports. Susquehanna cut their price target on GATX from $165.00 to $160.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of GATX in a report on Wednesday, April 23rd.

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.