GATX Co. (NYSE:GATX) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its stake in shares of GATX Co. (NYSE:GATX - Free Report) by 2.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,053 shares of the transportation company's stock after selling 2,331 shares during the period. Rhumbline Advisers owned 0.33% of GATX worth $18,175,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings in GATX by 44.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 40,031 shares of the transportation company's stock valued at $6,085,000 after purchasing an additional 12,342 shares in the last quarter. Bradley Foster & Sargent Inc. CT purchased a new position in shares of GATX in the fourth quarter worth about $252,000. Charles Schwab Investment Management Inc. lifted its stake in shares of GATX by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 478,214 shares of the transportation company's stock worth $74,104,000 after buying an additional 3,485 shares in the last quarter. Legato Capital Management LLC purchased a new position in shares of GATX in the fourth quarter worth about $595,000. Finally, Venturi Wealth Management LLC purchased a new position in shares of GATX in the fourth quarter worth about $241,000. 93.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Paul F. Titterton sold 18,700 shares of the firm's stock in a transaction dated 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 now directly owns 10,468 shares in the company, valued at approximately $1,639,916.88. This trade represents 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 accessible through this link. 2.17% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GATX shares. Susquehanna decreased their price target on shares of GATX from $165.00 to $160.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group reissued a "buy" rating on shares of GATX in a research note on Wednesday, April 23rd.

GATX Price Performance

Shares of NYSE:GATX traded down $2.19 during midday trading on Wednesday, hitting $155.84. The company's stock had a trading volume of 136,385 shares, compared to its average volume of 169,257. The business's 50 day simple moving average is $148.32 and its 200 day simple moving average is $155.43. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.41 and a current ratio of 2.77. The company has a market cap of $5.56 billion, a P/E ratio of 20.06 and a beta of 1.19. GATX Co. has a 12-month low of $127.00 and a 12-month high of $168.89.

GATX (NYSE:GATX - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.06. GATX had a net margin of 17.92% and a return on equity of 12.07%. The firm had revenue of $421.60 million during the quarter, compared to analysts' expectations of $417.06 million. During the same period last year, the business earned $2.01 earnings per share. GATX's revenue was up 11.0% compared to the same quarter last year. On average, analysts forecast that GATX Co. will post 8.5 EPS for the current year.

GATX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Friday, June 13th. GATX's payout ratio is currently 30.93%.

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.