Teacher Retirement System of Texas Buys 1,997 Shares of GATX Corporation (NYSE:GATX)

Teacher Retirement System of Texas grew its holdings in GATX Corporation (NYSE:GATX - Free Report) by 29.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,796 shares of the transportation company's stock after purchasing an additional 1,997 shares during the period. Teacher Retirement System of Texas' holdings in GATX were worth $1,366,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of GATX. Norges Bank purchased a new stake in shares of GATX in the fourth quarter valued at $55,496,000. GAMMA Investing LLC increased its stake in shares of GATX by 67,875.0% in the first quarter. GAMMA Investing LLC now owns 356,189 shares of the transportation company's stock worth $55,305,000 after acquiring an additional 355,665 shares during the last quarter. Ensign Peak Advisors Inc increased its position in GATX by 2,826.7% during the fourth quarter. Ensign Peak Advisors Inc now owns 351,264 shares of the transportation company's stock worth $54,432,000 after buying an additional 339,262 shares during the last quarter. Ameriprise Financial Inc. increased its position in GATX by 103.4% during the fourth quarter. Ameriprise Financial Inc. now owns 364,492 shares of the transportation company's stock worth $56,479,000 after buying an additional 185,321 shares during the last quarter. Finally, American Century Companies Inc. increased its position in GATX by 12.1% during the fourth 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 last quarter. Hedge funds and other institutional investors own 93.14% of the company's stock.

GATX Stock Up 0.1%

GATX stock traded up $0.08 during mid-day trading on Wednesday, hitting $154.83. 148,058 shares of the company's stock were exchanged, compared to its average volume of 169,977. 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 Corporation has a 1-year low of $127.70 and a 1-year high of $168.89. The stock has a 50 day moving average of $153.10 and a two-hundred day moving average of $154.57. The stock has a market cap of $5.53 billion, a P/E ratio of 19.62 and a beta of 1.16.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $417.06 million. During the same period in the prior year, the company earned $2.01 earnings per share. The business's quarterly revenue was up 11.0% compared to the same quarter last year. As a group, analysts anticipate that GATX Corporation will post 8.5 EPS for the current fiscal year.

GATX Announces Dividend

The company also recently declared 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 1.58%. The ex-dividend date of this dividend was Friday, June 13th. GATX's dividend payout ratio (DPR) is 30.93%.

Insider Transactions at GATX

In related news, VP Jennifer Mcmanus sold 1,800 shares of the stock in a transaction dated 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 in the company, valued at approximately $537,262.56. This trade represents a 34.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paul F. Titterton sold 18,700 shares of the 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 owned 10,468 shares of the company's stock, valued at approximately $1,639,916.88. The trade was a 64.11% decrease in their position. The disclosure for this sale can be found here. 2.17% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on GATX. The Goldman Sachs Group reissued a "buy" rating on shares of GATX in a research report on Wednesday, April 23rd. Susquehanna lowered their target price on shares of GATX from $165.00 to $160.00 and set a "neutral" rating on the stock in a research report 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.