New York State Common Retirement Fund Has $28.99 Million Stock Position in GATX Corporation (NYSE:GATX)

New York State Common Retirement Fund lifted its position in GATX Corporation (NYSE:GATX - Free Report) by 1.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,676 shares of the transportation company's stock after purchasing an additional 2,954 shares during the quarter. New York State Common Retirement Fund owned 0.52% of GATX worth $28,985,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of GATX. Norges Bank bought a new stake in shares of GATX during the fourth quarter worth $55,496,000. GAMMA Investing LLC lifted its stake in shares of GATX by 67,875.0% during the first quarter. GAMMA Investing LLC now owns 356,189 shares of the transportation company's stock valued at $55,305,000 after acquiring an additional 355,665 shares during the period. Ensign Peak Advisors Inc lifted its stake in shares of GATX by 2,826.7% during the fourth quarter. Ensign Peak Advisors Inc now owns 351,264 shares of the transportation company's stock valued at $54,432,000 after acquiring an additional 339,262 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of GATX by 103.4% during the fourth quarter. Ameriprise Financial Inc. now owns 364,492 shares of the transportation company's stock valued at $56,479,000 after acquiring an additional 185,321 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of GATX by 12.1% during the fourth quarter. American Century Companies Inc. now owns 1,099,447 shares of the transportation company's stock valued at $170,370,000 after acquiring an additional 118,306 shares during the period. 93.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at GATX

In other GATX news, VP Jennifer Mcmanus sold 1,800 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $537,262.56. The trade was a 34.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Paul F. Titterton sold 18,700 shares of the company's stock in a transaction dated 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 owned 10,468 shares in the company, valued at $1,639,916.88. This trade represents a 64.11% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.17% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on GATX. Susquehanna cut their target price on GATX from $165.00 to $160.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group reissued a "buy" rating on shares of GATX in a research note on Wednesday, April 23rd.

GATX Stock Performance

Shares of GATX traded down $1.53 during mid-day trading on Friday, reaching $154.47. The company's stock had a trading volume of 58,192 shares, compared to its average volume of 169,136. GATX Corporation has a 1-year low of $127.70 and a 1-year high of $168.89. The stock has a market cap of $5.51 billion, a P/E ratio of 19.58 and a beta of 1.16. The business has a 50-day simple moving average of $153.52 and a two-hundred day simple moving average of $154.58. 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 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 analysts' expectations of $417.06 million. GATX had a return on equity of 12.00% and a net margin of 17.73%. The company's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.01 EPS. As a group, equities research analysts anticipate that GATX Corporation will post 8.5 earnings per share for the current fiscal year.

GATX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $0.61 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.44 annualized dividend and a dividend yield of 1.58%. GATX's payout ratio is 30.93%.

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.