GATX Corporation (NYSE:GATX) Stake Reduced by Peregrine Capital Management LLC

Peregrine Capital Management LLC trimmed its holdings in shares of GATX Corporation (NYSE:GATX - Free Report) by 5.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,913 shares of the transportation company's stock after selling 2,241 shares during the period. Peregrine Capital Management LLC owned 0.11% of GATX worth $6,353,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of GATX by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 3,949,889 shares of the transportation company's stock worth $612,075,000 after purchasing an additional 17,885 shares in the last quarter. Earnest Partners LLC increased its stake in GATX by 1.2% during the 4th quarter. Earnest Partners LLC now owns 3,113,589 shares of the transportation company's stock worth $482,482,000 after buying an additional 35,890 shares during the period. American Century Companies Inc. increased its stake in GATX by 12.1% during the 4th quarter. American Century Companies Inc. now owns 1,099,447 shares of the transportation company's stock worth $170,370,000 after buying an additional 118,306 shares during the period. Wellington Management Group LLP lifted its holdings in GATX by 1.7% in the 4th quarter. Wellington Management Group LLP now owns 1,021,743 shares of the transportation company's stock worth $158,329,000 after buying an additional 17,273 shares in the last quarter. Finally, Sei Investments Co. boosted its position in GATX by 6.6% in the 4th quarter. Sei Investments Co. now owns 902,691 shares of the transportation company's stock valued at $139,881,000 after buying an additional 56,041 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors and hedge funds.

GATX Stock Up 0.6%

GATX traded up $0.93 during trading on Friday, hitting $159.50. The company had a trading volume of 82,633 shares, compared to its average volume of 171,025. GATX Corporation has a 1-year low of $127.70 and a 1-year high of $168.89. The company has a debt-to-equity ratio of 3.43, a current ratio of 4.14 and a quick ratio of 4.14. The company has a market cap of $5.69 billion, a PE ratio of 20.22 and a beta of 1.16. The business has a 50-day moving average of $151.43 and a 200-day moving average of $154.50.

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

GATX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend was Friday, June 13th. GATX's dividend payout ratio is presently 30.93%.

Insider Buying and Selling

In other GATX news, EVP Paul F. Titterton sold 18,700 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $156.66, for a total transaction 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. The trade was a 64.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Jennifer Mcmanus sold 1,800 shares of the firm's stock in a transaction dated 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. The trade was a 34.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.17% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.