Peregrine Capital Management LLC Has $6.35 Million Position in GATX Corporation (NYSE:GATX)

Peregrine Capital Management LLC trimmed its position in shares of GATX Corporation (NYSE:GATX - Free Report) by 5.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in shares of GATX by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 478,214 shares of the transportation company's stock worth $74,104,000 after purchasing an additional 3,485 shares during the last quarter. SG Americas Securities LLC acquired a new position in GATX during the first quarter worth approximately $1,235,000. JPMorgan Chase & Co. raised its stake in GATX by 81.7% in the fourth quarter. JPMorgan Chase & Co. now owns 168,747 shares of the transportation company's stock valued at $26,149,000 after buying an additional 75,886 shares during the period. Wells Fargo & Company MN raised its stake in GATX by 3.3% in the fourth quarter. Wells Fargo & Company MN now owns 139,925 shares of the transportation company's stock valued at $21,683,000 after buying an additional 4,440 shares during the period. Finally, Perennial Advisors LLC acquired a new stake in shares of GATX in the first quarter valued at approximately $936,000. 93.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on GATX. The Goldman Sachs Group reissued a "buy" rating on shares of GATX in a report on Wednesday, April 23rd. Susquehanna decreased 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.

GATX Stock Performance

GATX stock traded up $2.72 during mid-day trading on Tuesday, hitting $156.28. 189,843 shares of the company were exchanged, compared to its average volume of 170,694. GATX Corporation has a 1-year low of $127.70 and a 1-year high of $168.89. The stock has a market capitalization of $5.58 billion, a PE ratio of 19.81 and a beta of 1.19. The business has a 50 day simple moving average of $150.34 and a 200-day simple moving average of $154.49. 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 released its quarterly 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. The business 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 firm's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the firm posted $2.01 EPS. On average, equities analysts forecast that GATX Corporation will post 8.5 earnings per share for the current year.

GATX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a $0.61 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.56%. GATX's payout ratio is presently 30.93%.

Insider Activity

In other news, EVP Paul F. Titterton sold 18,700 shares of GATX 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 completion of the sale, the executive vice president directly owned 10,468 shares in the company, valued at approximately $1,639,916.88. The trade was a 64.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jennifer Mcmanus sold 1,800 shares of the business'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 value of $278,856.00. Following the completion of the sale, the vice president owned 3,468 shares of the company's stock, valued at approximately $537,262.56. This trade represents a 34.17% 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.

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.