Vanguard Group Inc. Sells 61,562 Shares of GATX Corporation (NYSE:GATX)

Vanguard Group Inc. lessened its stake in shares of GATX Corporation (NYSE:GATX - Free Report) by 1.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 3,888,327 shares of the transportation company's stock after selling 61,562 shares during the quarter. Vanguard Group Inc. owned about 10.89% of GATX worth $603,741,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of GATX. Earnest Partners LLC increased its holdings in GATX by 1.2% in the 4th quarter. Earnest Partners LLC now owns 3,113,589 shares of the transportation company's stock valued at $482,482,000 after buying an additional 35,890 shares during the period. Northern Trust Corp increased its holdings in GATX by 12.4% in the 4th quarter. Northern Trust Corp now owns 700,603 shares of the transportation company's stock valued at $108,565,000 after buying an additional 77,437 shares during the period. Ameriprise Financial Inc. increased its holdings in GATX by 103.4% in the 4th quarter. Ameriprise Financial Inc. now owns 364,492 shares of the transportation company's stock valued at $56,479,000 after buying an additional 185,321 shares during the period. GAMMA Investing LLC increased its holdings in 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 buying an additional 355,665 shares during the period. Finally, Ensign Peak Advisors Inc increased its holdings in GATX by 2,826.7% in the 4th quarter. Ensign Peak Advisors Inc now owns 351,264 shares of the transportation company's stock valued at $54,432,000 after buying an additional 339,262 shares during the period. 93.14% of the stock is owned by institutional investors.

GATX Price Performance

Shares of GATX traded down $1.05 during mid-day trading on Friday, reaching $156.29. The company had a trading volume of 142,306 shares, compared to its average volume of 180,855. The company's 50 day simple moving average is $154.99 and its 200 day simple moving average is $154.23. GATX Corporation has a 1-year low of $127.69 and a 1-year high of $168.89. The company has a debt-to-equity ratio of 3.27, a quick ratio of 2.93 and a current ratio of 2.93. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 17.88 and a beta of 1.18.

GATX (NYSE:GATX - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The transportation company reported $2.06 earnings per share for the quarter, beating analysts' consensus estimates of $1.95 by $0.11. GATX had a net margin of 19.13% and a return on equity of 12.52%. The company had revenue of $430.50 million for the quarter, compared to the consensus estimate of $425.52 million. Analysts expect that GATX Corporation will post 8.5 EPS for the current year.

GATX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, September 15th. GATX's dividend payout ratio (DPR) is presently 27.92%.

Insider Activity

In other GATX news, SVP Kevin Hillesland sold 2,200 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $152.59, for a total transaction of $335,698.00. Following the sale, the senior vice president directly owned 7,606 shares of the company's stock, valued at $1,160,599.54. The trade was a 22.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Paul F. Titterton sold 18,700 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $156.66, for a total transaction of $2,929,542.00. Following the sale, the executive vice president directly owned 10,468 shares in the company, valued at $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. In the last three months, insiders have sold 22,700 shares of company stock worth $3,544,096. Corporate insiders own 2.17% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on GATX shares. The Goldman Sachs Group reissued a "buy" rating on shares of GATX in a report on Wednesday, April 23rd. Susquehanna decreased their target price 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 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.