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

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.

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

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.