New York State Teachers Retirement System Sells 2,300 Shares of GATX Corporation (NYSE:GATX)

New York State Teachers Retirement System reduced its stake in shares of GATX Corporation (NYSE:GATX - Free Report) by 5.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,722 shares of the transportation company's stock after selling 2,300 shares during the quarter. New York State Teachers Retirement System owned about 0.11% of GATX worth $5,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. grew its holdings in shares of GATX by 60.4% in the fourth quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock valued at $28,000 after purchasing an additional 67 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of GATX in the first quarter valued at $30,000. Brown Brothers Harriman & Co. purchased a new position in shares of GATX in the fourth quarter valued at $39,000. Orion Capital Management LLC purchased a new position in shares of GATX in the fourth quarter valued at $39,000. Finally, UMB Bank n.a. boosted its stake in GATX by 101.2% during the first quarter. UMB Bank n.a. now owns 328 shares of the transportation company's stock worth $51,000 after buying an additional 165 shares during the period. 93.14% of the stock is owned by hedge funds and other institutional investors.

GATX Trading Up 0.6%

NYSE GATX traded up $0.93 on Friday, hitting $159.50. 82,633 shares of the stock were exchanged, compared to its average volume of 171,348. The company has a debt-to-equity ratio of 3.43, a quick ratio of 4.14 and a current ratio of 4.14. The stock has a fifty day moving average price of $151.43 and a two-hundred day moving average price of $154.49. The firm has a market capitalization of $5.69 billion, a P/E ratio of 20.22 and a beta of 1.16. GATX Corporation has a 52-week low of $127.70 and a 52-week high of $168.89.

GATX (NYSE:GATX - Get Free Report) last issued its earnings results 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. The firm had revenue of $421.60 million during the quarter, compared to analyst estimates of $417.06 million. GATX had a net margin of 17.73% and a return on equity of 12.00%. The business's revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.01 earnings per share. Research analysts forecast that GATX Corporation will post 8.5 EPS for the current fiscal year.

GATX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend 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

Several research firms have commented on GATX. Susquehanna dropped their price objective on shares of GATX from $165.00 to $160.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of GATX in a research note on Wednesday, April 23rd.

Insiders Place Their Bets

In other news, VP Jennifer Mcmanus sold 1,800 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $154.92, for a total transaction of $278,856.00. Following the completion of the sale, the vice president directly owned 3,468 shares of the company's stock, valued at approximately $537,262.56. The trade was a 34.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paul F. Titterton sold 18,700 shares of GATX 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 of the company's stock, valued at $1,639,916.88. The trade was a 64.11% 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 insiders.

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.