Rhumbline Advisers Trims Stock Position in GATX Co. (NYSE:GATX)

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of GATX by 67,875.0% in the 1st quarter. GAMMA Investing LLC now owns 356,189 shares of the transportation company's stock valued at $55,305,000 after purchasing an additional 355,665 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in GATX by 25.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,230 shares of the transportation company's stock worth $500,000 after purchasing an additional 665 shares in the last quarter. GTS Securities LLC bought a new position in shares of GATX in the 4th quarter worth about $230,000. Orion Capital Management LLC bought a new position in shares of GATX in the 4th quarter worth about $39,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of GATX by 26.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 114,866 shares of the transportation company's stock worth $17,800,000 after acquiring an additional 24,093 shares in the last quarter. Hedge funds and other institutional investors own 93.14% of the company's stock.

Insider Activity

In related news, EVP Paul F. Titterton sold 18,700 shares of the firm's stock in a transaction 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 transaction, the executive vice president now directly owns 10,468 shares of the company's stock, 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 SEC, which can be accessed through this hyperlink. Company insiders own 2.17% of the company's stock.

GATX Price Performance

NYSE GATX opened at $157.02 on Friday. GATX Co. has a 12 month low of $127.00 and a 12 month high of $168.89. The stock has a market cap of $5.61 billion, a price-to-earnings ratio of 20.21 and a beta of 1.19. The company's 50 day moving average is $147.94 and its two-hundred day moving average is $155.46. The company has a current ratio of 2.77, a quick ratio of 3.41 and a debt-to-equity ratio of 3.37.

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

GATX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 dividend yield of 1.55%. The ex-dividend date is Friday, June 13th. GATX's payout ratio is currently 30.93%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. The Goldman Sachs Group reissued a "buy" rating on shares of GATX in a research report on Wednesday, April 23rd. Susquehanna lowered their price objective 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.

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.

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