First Trust Advisors LP Has $44.39 Million Holdings in GATX Co. (NYSE:GATX)

First Trust Advisors LP cut its stake in GATX Co. (NYSE:GATX - Free Report) by 22.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 286,480 shares of the transportation company's stock after selling 84,292 shares during the period. First Trust Advisors LP owned 0.81% of GATX worth $44,393,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in GATX. Vanguard Group Inc. increased its stake in shares of GATX by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 3,949,889 shares of the transportation company's stock valued at $612,075,000 after purchasing an additional 17,885 shares during the period. American Century Companies Inc. raised its stake in shares of GATX by 12.1% during the fourth quarter. American Century Companies Inc. now owns 1,099,447 shares of the transportation company's stock valued at $170,370,000 after purchasing an additional 118,306 shares in the last quarter. Wellington Management Group LLP grew its position in GATX by 1.7% in the 4th quarter. Wellington Management Group LLP now owns 1,021,743 shares of the transportation company's stock valued at $158,329,000 after buying an additional 17,273 shares in the last quarter. Sei Investments Co. lifted its stake in shares of GATX by 6.6% in the 4th quarter. Sei Investments Co. now owns 902,691 shares of the transportation company's stock worth $139,881,000 after acquiring an additional 56,041 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in GATX by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 478,214 shares of the transportation company's stock valued at $74,104,000 after purchasing an additional 3,485 shares in the last quarter. Institutional investors own 93.14% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GATX. 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. The Goldman Sachs Group reaffirmed a "buy" rating on shares of GATX in a research note on Wednesday, April 23rd.

GATX Stock Down 0.2 %

GATX stock traded down $0.29 during midday trading on Tuesday, reaching $144.12. The company had a trading volume of 25,170 shares, compared to its average volume of 163,786. 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 Co. has a 1 year low of $122.00 and a 1 year high of $168.89. The company has a 50 day moving average of $153.10 and a two-hundred day moving average of $154.42. The company has a market capitalization of $5.14 billion, a P/E ratio of 18.58 and a beta of 1.00.

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

GATX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, June 13th. GATX's dividend payout ratio is 30.93%.

Insider Buying and Selling

In other GATX news, VP Robert Zmudka sold 4,800 shares of GATX stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $163.83, for a total value of $786,384.00. Following the transaction, the vice president now directly owns 7,493 shares of the company's stock, valued at $1,227,578.19. The trade was a 39.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jeffery R. Young sold 297 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $164.63, for a total transaction of $48,895.11. Following the transaction, the senior vice president now directly owns 7,362 shares in the company, valued at $1,212,006.06. This trade represents a 3.88 % decrease in their position. The disclosure for this sale can be found here. 2.17% of the stock is owned by insiders.

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.