New York State Common Retirement Fund Sells 330 Shares of GATX Co. (NYSE:GATX)

New York State Common Retirement Fund lowered its holdings in shares of GATX Co. (NYSE:GATX) by 0.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 185,153 shares of the transportation company’s stock after selling 330 shares during the period. New York State Common Retirement Fund’s holdings in GATX were worth $22,259,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Handelsbanken Fonder AB raised its stake in shares of GATX by 29.5% during the fourth quarter. Handelsbanken Fonder AB now owns 7,030 shares of the transportation company’s stock valued at $845,000 after acquiring an additional 1,600 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in GATX by 10.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,472 shares of the transportation company’s stock worth $898,000 after buying an additional 729 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in GATX during the fourth quarter worth $1,202,000. Mirae Asset Global Investments Co. Ltd. raised its stake in GATX by 1.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,138 shares of the transportation company’s stock worth $1,940,000 after buying an additional 163 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in GATX during the fourth quarter worth $179,000. Institutional investors own 93.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GATX. Wells Fargo & Company lifted their target price on shares of GATX from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. TD Cowen lifted their target price on shares of GATX from $122.00 to $136.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 24th. Finally, Susquehanna lifted their target price on shares of GATX from $120.00 to $122.00 and gave the stock a “neutral” rating in a research note on Wednesday.

Insider Buying and Selling at GATX

In other news, CFO Thomas A. Ellman sold 18,000 shares of GATX stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $127.54, for a total transaction of $2,295,720.00. Following the completion of the transaction, the chief financial officer now directly owns 35,429 shares in the company, valued at $4,518,614.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Robert C. Lyons sold 19,300 shares of GATX stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $125.70, for a total transaction of $2,426,010.00. Following the completion of the transaction, the chief executive officer now directly owns 44,710 shares in the company, valued at $5,620,047. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thomas A. Ellman sold 18,000 shares of GATX stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $127.54, for a total transaction of $2,295,720.00. Following the transaction, the chief financial officer now owns 35,429 shares of the company’s stock, valued at $4,518,614.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,694 shares of company stock valued at $5,040,656. Corporate insiders own 1.80% of the company’s stock.

GATX Trading Down 0.4 %

GATX opened at $127.51 on Friday. GATX Co. has a 1-year low of $97.21 and a 1-year high of $135.65. The company has a current ratio of 3.39, a quick ratio of 2.79 and a debt-to-equity ratio of 3.28. The company has a market cap of $4.53 billion, a P/E ratio of 18.16 and a beta of 0.98. The company has a fifty day moving average price of $129.78 and a two-hundred day moving average price of $120.27.

GATX (NYSE:GATX) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.29. GATX had a net margin of 17.64% and a return on equity of 11.29%. The firm had revenue of $379.90 million during the quarter, compared to the consensus estimate of $375.80 million. During the same period in the previous year, the firm posted $2.20 earnings per share. The business’s revenue was up 12.1% compared to the same quarter last year. Analysts predict that GATX Co. will post 7.55 EPS for the current fiscal year.

GATX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 30th. Shareholders of record on Friday, June 14th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Friday, June 14th. GATX’s dividend payout ratio (DPR) is currently 33.05%.

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.