Teacher Retirement System of Texas grew its stake in shares of GATX Corporation (NYSE:GATX - Free Report) by 29.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,796 shares of the transportation company's stock after acquiring an additional 1,997 shares during the period. Teacher Retirement System of Texas' holdings in GATX were worth $1,366,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the stock. Assetmark Inc. raised its position in shares of GATX by 60.4% in the fourth quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock worth $28,000 after buying an additional 67 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of GATX in the first quarter worth $30,000. Brown Brothers Harriman & Co. purchased a new stake in shares of GATX in the fourth quarter worth $39,000. Orion Capital Management LLC purchased a new stake in shares of GATX in the fourth quarter worth $39,000. Finally, UMB Bank n.a. raised its position in shares of GATX by 101.2% in the first quarter. UMB Bank n.a. now owns 328 shares of the transportation company's stock worth $51,000 after buying an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 93.14% of the company's stock.
Insider Transactions at GATX
In related news, 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 value of $278,856.00. Following the sale, the vice president directly owned 3,468 shares of the company's stock, valued at $537,262.56. This trade represents a 34.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 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 disclosure for this sale can be found here. 2.17% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on GATX shares. The Goldman Sachs Group reiterated 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 on the stock in a research report on Thursday, April 24th.
View Our Latest Analysis on GATX
GATX Price Performance
NYSE GATX traded down $0.36 during trading hours on Monday, reaching $157.64. 6,646 shares of the stock traded hands, compared to its average volume of 169,751. The stock has a 50 day simple moving average of $152.69 and a two-hundred day simple moving average of $154.54. 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 $5.63 billion, a price-to-earnings ratio of 20.02 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 for the quarter, beating analysts' consensus estimates of $2.09 by $0.06. GATX had a return on equity of 12.00% and a net margin of 17.73%. The business had revenue of $421.60 million for the quarter, compared to the consensus estimate of $417.06 million. During the same quarter last year, the business posted $2.01 earnings per share. The company's revenue for the quarter was up 11.0% on a year-over-year basis. On average, analysts predict that GATX Corporation will post 8.5 EPS for the current fiscal year.
GATX Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a dividend of $0.61 per share. 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 1.55%. GATX's dividend payout ratio (DPR) is currently 30.93%.
About GATX
(
Free Report)
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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