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Pacer Advisors Inc. Decreases Stock Holdings in GATX Corporation (NYSE:GATX)

GATX logo with Transportation background

Pacer Advisors Inc. lowered its position in GATX Corporation (NYSE:GATX - Free Report) by 65.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,650 shares of the transportation company's stock after selling 4,955 shares during the period. Pacer Advisors Inc.'s holdings in GATX were worth $411,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of GATX during the first quarter valued at about $30,000. Orion Capital Management LLC purchased a new stake in GATX during the 4th quarter worth approximately $39,000. UMB Bank n.a. grew its position 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 purchasing an additional 165 shares during the last quarter. Huntington National Bank increased its stake in GATX by 54.3% during the 4th quarter. Huntington National Bank now owns 344 shares of the transportation company's stock valued at $53,000 after purchasing an additional 121 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of GATX by 12.7% in the first quarter. CWM LLC now owns 621 shares of the transportation company's stock worth $96,000 after buying an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GATX. Susquehanna dropped 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 reiterated a "buy" rating on shares of GATX in a research note on Wednesday, April 23rd.

Check Out Our Latest Stock Report on GATX

Insider Transactions at GATX

In other news, VP Jennifer Mcmanus sold 1,800 shares of the firm's stock in a transaction that occurred 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 sale, the vice president owned 3,468 shares of the company's stock, valued at $537,262.56. This trade represents a 34.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Kevin Hillesland sold 2,200 shares of GATX stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $152.59, for a total transaction of $335,698.00. Following the transaction, the senior vice president directly owned 7,606 shares of the company's stock, valued at approximately $1,160,599.54. This trade represents a 22.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,700 shares of company stock worth $3,544,096 over the last quarter. 2.17% of the stock is currently owned by insiders.

GATX Stock Performance

GATX opened at $149.09 on Friday. The company has a current ratio of 2.93, a quick ratio of 4.14 and a debt-to-equity ratio of 3.27. GATX Corporation has a 12-month low of $127.69 and a 12-month high of $168.89. The firm has a 50 day moving average of $154.68 and a two-hundred day moving average of $154.64. The firm has a market capitalization of $5.32 billion, a PE ratio of 17.06 and a beta of 1.16.

GATX (NYSE:GATX - Get Free Report) last issued its earnings results on Tuesday, July 29th. The transportation company reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.11. GATX had a net margin of 19.13% and a return on equity of 12.52%. The firm had revenue of $430.50 million during the quarter, compared to analysts' expectations of $425.52 million. On average, analysts anticipate that GATX Corporation will post 8.5 EPS for the current year.

GATX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $0.61 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.6%. GATX's dividend payout ratio is presently 27.92%.

GATX Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for GATX (NYSE:GATX)

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