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

New York State Teachers Retirement System cut 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 Form 13F filing with the Securities & Exchange Commission. The firm owned 37,722 shares of the transportation company's stock after selling 2,300 shares during the period. New York State Teachers Retirement System owned approximately 0.11% of GATX worth $5,857,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Assetmark Inc. grew its stake 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. Thurston Springer Miller Herd & Titak Inc. bought a new position in GATX during the 1st quarter worth approximately $30,000. Brown Brothers Harriman & Co. bought a new position in GATX during the 4th quarter worth approximately $39,000. Orion Capital Management LLC bought a new position in GATX during the 4th quarter worth approximately $39,000. Finally, UMB Bank n.a. boosted its stake in GATX by 101.2% during the 1st quarter. UMB Bank n.a. now owns 328 shares of the transportation company's stock worth $51,000 after acquiring an additional 165 shares during the last quarter. 93.14% of the stock is owned by institutional investors and hedge funds.

GATX Stock Up 0.0%

Shares of GATX stock traded up $0.05 on Wednesday, hitting $158.33. 101,769 shares of the stock were exchanged, compared to its average volume of 171,080. The company has a current ratio of 4.14, a quick ratio of 4.14 and a debt-to-equity ratio of 3.43. The firm has a market capitalization of $5.65 billion, a P/E ratio of 20.07 and a beta of 1.16. The business has a 50-day moving average of $152.21 and a 200 day moving average of $154.55. GATX Corporation has a fifty-two week low of $127.70 and a fifty-two week high of $168.89.

GATX (NYSE:GATX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.06. The company 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%. GATX's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.01 earnings per share. Equities analysts anticipate that GATX Corporation will post 8.5 EPS for the current year.

GATX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.44 annualized dividend and a yield of 1.54%. GATX's dividend payout ratio (DPR) is presently 30.93%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. The Goldman Sachs Group reissued a "buy" rating on shares of GATX in a research note on Wednesday, April 23rd. Susquehanna decreased their target price on GATX from $165.00 to $160.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th.

Insider Activity at GATX

In related news, VP Jennifer Mcmanus sold 1,800 shares of the 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 directly owned 3,468 shares of the company's stock, valued at approximately $537,262.56. This represents a 34.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Paul F. Titterton sold 18,700 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 10,468 shares of the company's stock, valued at $1,639,916.88. This trade represents a 64.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.17% of the company's stock.

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.