6,067 Shares in GATX Co. (NYSE:GATX) Purchased by SageView Advisory Group LLC

SageView Advisory Group LLC purchased a new stake in shares of GATX Co. (NYSE:GATX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 6,067 shares of the transportation company’s stock, valued at approximately $772,000.

Several other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of GATX by 225.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 816 shares of the transportation company’s stock worth $89,000 after purchasing an additional 565 shares during the period. Teacher Retirement System of Texas increased its position in GATX by 43.3% during the third quarter. Teacher Retirement System of Texas now owns 10,884 shares of the transportation company’s stock valued at $1,185,000 after acquiring an additional 3,291 shares during the last quarter. M&T Bank Corp raised its stake in shares of GATX by 4.7% in the third quarter. M&T Bank Corp now owns 2,475 shares of the transportation company’s stock valued at $269,000 after acquiring an additional 110 shares during the period. California Public Employees Retirement System lifted its holdings in shares of GATX by 1.2% in the 3rd quarter. California Public Employees Retirement System now owns 86,707 shares of the transportation company’s stock worth $9,436,000 after acquiring an additional 1,040 shares during the last quarter. Finally, Illinois Municipal Retirement Fund bought a new position in GATX during the 3rd quarter valued at about $632,000. 93.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at GATX

In other news, VP Robert Zmudka sold 4,800 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $139.66, for a total value of $670,368.00. Following the completion of the transaction, the vice president now directly owns 7,493 shares of the company’s stock, valued at approximately $1,046,472.38. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Paul F. Titterton sold 9,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $139.37, for a total transaction of $1,254,330.00. Following the transaction, the executive vice president now directly owns 11,373 shares of the company’s stock, valued at $1,585,055.01. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Robert Zmudka sold 4,800 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $139.66, for a total value of $670,368.00. Following the completion of the sale, the vice president now directly owns 7,493 shares of the company’s stock, valued at approximately $1,046,472.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,000 shares of company stock valued at $2,351,104. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Separately, Susquehanna raised their price objective on shares of GATX from $120.00 to $122.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th.

GATX Trading Up 1.2 %

Shares of NYSE:GATX traded up $1.56 on Friday, hitting $136.56. 145,641 shares of the company’s stock were exchanged, compared to its average volume of 148,598. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 19.45 and a beta of 1.00. GATX Co. has a 12 month low of $97.21 and a 12 month high of $141.24. The company has a debt-to-equity ratio of 3.28, a current ratio of 3.39 and a quick ratio of 3.39. The business’s 50 day simple moving average is $131.33 and its two-hundred day simple moving average is $123.81.

GATX (NYSE:GATX) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.29. The company had revenue of $379.90 million during the quarter, compared to analyst estimates of $375.80 million. GATX had a net margin of 17.64% and a return on equity of 11.29%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the business posted $2.20 EPS. Analysts anticipate that GATX Co. will post 7.61 EPS for the current fiscal year.

GATX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 30th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.32 annualized dividend and a dividend yield of 1.70%. GATX’s dividend payout ratio is currently 33.05%.

About GATX

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.