GATX Co. (NYSE:GATX) Shares Bought by Arizona State Retirement System

Arizona State Retirement System raised its stake in GATX Co. (NYSE:GATX) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,816 shares of the transportation company’s stock after acquiring an additional 77 shares during the period. Arizona State Retirement System’s holdings in GATX were worth $1,521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of GATX. State Street Corp boosted its stake in shares of GATX by 0.6% during the third quarter. State Street Corp now owns 1,294,895 shares of the transportation company’s stock worth $171,509,000 after buying an additional 7,585 shares during the period. Geode Capital Management LLC boosted its stake in shares of GATX by 1.5% during the third quarter. Geode Capital Management LLC now owns 849,603 shares of the transportation company’s stock worth $112,550,000 after buying an additional 12,571 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of GATX by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 478,214 shares of the transportation company’s stock worth $74,104,000 after buying an additional 3,485 shares during the period. New York State Common Retirement Fund boosted its stake in shares of GATX by 2.9% during the fourth quarter. New York State Common Retirement Fund now owns 183,722 shares of the transportation company’s stock worth $28,470,000 after buying an additional 5,163 shares during the period. Finally, Natixis Advisors LLC boosted its stake in shares of GATX by 2.2% during the third quarter. Natixis Advisors LLC now owns 167,651 shares of the transportation company’s stock worth $22,206,000 after buying an additional 3,580 shares during the period. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Trading Down 0.6 %

NYSE GATX opened at $151.80 on Thursday. The stock has a market capitalization of $5.40 billion, a P/E ratio of 19.54 and a beta of 1.00. GATX Co. has a 52-week low of $122.00 and a 52-week high of $168.89. The firm has a 50-day moving average price of $160.09 and a 200 day moving average price of $150.79. The company has a quick ratio of 3.41, a current ratio of 2.77 and a debt-to-equity ratio of 3.37.

GATX (NYSE:GATX) last posted its quarterly earnings results on Thursday, January 23rd. The transportation company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.25. GATX had a net margin of 17.92% and a return on equity of 12.07%. During the same quarter in the previous year, the company earned $1.74 earnings per share. Equities research analysts expect that GATX Co. will post 8.5 EPS for the current year.

GATX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a dividend of $0.61 per share. This is a boost from GATX’s previous quarterly dividend of $0.58. This represents a $2.44 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Friday, February 28th. GATX’s dividend payout ratio is currently 31.40%.

Insider Buying and Selling at GATX

In other GATX news, SVP Jeffery R. Young sold 297 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $164.63, for a total value of $48,895.11. Following the completion of the transaction, the senior vice president now directly owns 7,362 shares of the company’s stock, valued at approximately $1,212,006.06. This trade represents a 3.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Robert Zmudka sold 4,800 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $163.83, for a total transaction of $786,384.00. Following the completion of the transaction, the vice president now directly owns 7,493 shares of the company’s stock, valued at approximately $1,227,578.19. This trade represents a 39.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

GATX has been the subject of several recent research reports. Sidoti downgraded shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 target price for the company. in a research note on Wednesday, December 4th. The Goldman Sachs Group initiated coverage on shares of GATX in a research note on Monday, November 18th. They set a “buy” rating and a $185.00 target price for the company.

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.