Peregrine Capital Management LLC Sells 20,815 Shares of GATX Co. (NYSE:GATX)

Peregrine Capital Management LLC lowered its stake in shares of GATX Co. (NYSE:GATX - Free Report) by 24.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,986 shares of the transportation company's stock after selling 20,815 shares during the quarter. Peregrine Capital Management LLC owned 0.18% of GATX worth $7,572,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Creative Planning grew its holdings in GATX by 2.7% during the third quarter. Creative Planning now owns 3,729 shares of the transportation company's stock worth $406,000 after buying an additional 97 shares in the last quarter. Metropolitan Life Insurance Co NY grew its stake in GATX by 4.8% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 2,181 shares of the transportation company's stock valued at $232,000 after purchasing an additional 100 shares during the period. Integrated Investment Consultants LLC grew its stake in GATX by 2.6% in the 3rd quarter. Integrated Investment Consultants LLC now owns 4,217 shares of the transportation company's stock valued at $459,000 after purchasing an additional 108 shares during the period. M&T Bank Corp grew its stake in GATX by 4.7% in the 3rd quarter. M&T Bank Corp now owns 2,475 shares of the transportation company's stock valued at $269,000 after purchasing an additional 110 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its stake in GATX by 2.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 4,490 shares of the transportation company's stock valued at $554,000 after purchasing an additional 114 shares during the period. Institutional investors own 93.14% of the company's stock.

Insider Buying and Selling

In related news, SVP Kevin Hillesland sold 2,200 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $133.83, for a total transaction of $294,426.00. Following the sale, the senior vice president now owns 7,711 shares of the company's stock, valued at approximately $1,031,963.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Robert C. Lyons sold 19,300 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $125.70, for a total transaction of $2,426,010.00. Following the sale, the chief executive officer now owns 44,710 shares of the company's stock, valued at approximately $5,620,047. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kevin Hillesland sold 2,200 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $133.83, for a total value of $294,426.00. Following the sale, the senior vice president now directly owns 7,711 shares in the company, valued at approximately $1,031,963.13. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,694 shares of company stock valued at $5,040,656. Corporate insiders own 1.99% of the company's stock.

Wall Street Analysts Forecast Growth

GATX has been the subject of a number of recent analyst reports. TD Cowen upped their price objective on GATX from $122.00 to $136.00 and gave the company a "market perform" rating in a research note on Wednesday, January 24th. Wells Fargo & Company upped their price objective on GATX from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, January 24th. Finally, Susquehanna upped their price objective on GATX from $115.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday, January 24th.

GATX Stock Performance

Shares of NYSE GATX traded down $3.19 during trading on Wednesday, reaching $130.55. 159,884 shares of the stock traded hands, compared to its average volume of 140,988. GATX Co. has a 52-week low of $97.21 and a 52-week high of $135.65. The company has a debt-to-equity ratio of 3.26, a current ratio of 2.79 and a quick ratio of 2.79. The company has a 50-day moving average of $129.09 and a 200-day moving average of $118.56. The stock has a market capitalization of $4.64 billion, a P/E ratio of 18.26 and a beta of 0.98.

GATX (NYSE:GATX - Get Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.74 EPS for the quarter, beating analysts' consensus estimates of $1.58 by $0.16. GATX had a return on equity of 11.81% and a net margin of 18.37%. The firm had revenue of $368.70 million for the quarter, compared to analysts' expectations of $365.32 million. During the same quarter in the prior year, the firm earned $1.54 EPS. The business's revenue for the quarter was up 14.3% compared to the same quarter last year. Analysts forecast that GATX Co. will post 7.53 EPS for the current fiscal year.

GATX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, March 31st. Investors of record on Friday, March 1st were issued a dividend of $0.58 per share. This is a boost from GATX's previous quarterly dividend of $0.55. The ex-dividend date was Thursday, February 29th. This represents a $2.32 dividend on an annualized basis and a yield of 1.78%. GATX's dividend payout ratio is 32.45%.

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.