GATX Co. (NYSE:GATX) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its position in shares of GATX Co. (NYSE:GATX) by 2.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,596 shares of the transportation company’s stock after selling 310 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in GATX were worth $1,536,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Wolff Wiese Magana LLC acquired a new position in shares of GATX in the 3rd quarter valued at $28,000. Quarry LP acquired a new position in GATX in the second quarter valued at about $37,000. Canada Pension Plan Investment Board purchased a new position in GATX during the second quarter worth about $53,000. CWM LLC increased its position in shares of GATX by 20.2% during the third quarter. CWM LLC now owns 487 shares of the transportation company’s stock valued at $65,000 after acquiring an additional 82 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of GATX by 872.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 564 shares of the transportation company’s stock valued at $75,000 after acquiring an additional 506 shares during the period. 93.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other GATX news, major shareholder Farm Mutual Automobile I. State purchased 8,984 shares of the business’s stock in a transaction on Wednesday, October 9th. The shares were bought at an average cost of $133.65 per share, for a total transaction of $1,200,711.60. Following the completion of the purchase, the insider now directly owns 3,312,294 shares in the company, valued at approximately $442,688,093.10. This represents a 0.27 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

GATX has been the subject of a number of research analyst reports. The Goldman Sachs Group initiated coverage on shares of GATX in a research report on Monday, November 18th. They set a “buy” rating and a $185.00 price objective for the company. Susquehanna lifted their price objective on GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Finally, Sidoti downgraded GATX from a “buy” rating to a “neutral” rating and set a $158.00 price objective on the stock. in a report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $151.80.

GATX Stock Performance

Shares of GATX stock opened at $161.05 on Wednesday. The firm has a 50 day moving average of $149.61 and a two-hundred day moving average of $140.76. The stock has a market capitalization of $5.72 billion, a PE ratio of 21.53 and a beta of 0.99. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 3.41. GATX Co. has a 52 week low of $114.78 and a 52 week high of $167.74.

GATX (NYSE:GATX) last released its earnings results on Tuesday, October 22nd. The transportation company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.54. GATX had a return on equity of 11.98% and a net margin of 17.76%. The firm had revenue of $405.40 million during the quarter, compared to analyst estimates of $391.65 million. During the same period last year, the business posted $1.44 earnings per share. GATX’s revenue was up 12.6% compared to the same quarter last year. On average, research analysts predict that GATX Co. will post 7.6 EPS for the current fiscal year.

GATX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.58 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.32 annualized dividend and a yield of 1.44%. GATX’s dividend payout ratio (DPR) is 31.02%.

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.