Corebridge Financial Inc. Has $8.94 Million Position in GATX Co. (NYSE:GATX)

Corebridge Financial Inc. lowered its stake in shares of GATX Co. (NYSE:GATX - Free Report) by 5.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 57,711 shares of the transportation company's stock after selling 3,208 shares during the period. Corebridge Financial Inc. owned approximately 0.16% of GATX worth $8,943,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its stake in GATX by 60.4% in the fourth quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock worth $28,000 after purchasing an additional 67 shares in the last quarter. HighTower Advisors LLC raised its position in GATX by 0.6% in the 3rd quarter. HighTower Advisors LLC now owns 10,692 shares of the transportation company's stock worth $1,418,000 after purchasing an additional 68 shares during the last quarter. Savant Capital LLC lifted its holdings in GATX by 4.6% during the 4th quarter. Savant Capital LLC now owns 1,584 shares of the transportation company's stock worth $245,000 after buying an additional 69 shares in the last quarter. Principal Securities Inc. lifted its holdings in GATX by 9.0% during the 4th quarter. Principal Securities Inc. now owns 919 shares of the transportation company's stock worth $142,000 after buying an additional 76 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in GATX by 0.8% in the 4th quarter. Arizona State Retirement System now owns 9,816 shares of the transportation company's stock valued at $1,521,000 after buying an additional 77 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In other news, SVP Jeffery R. Young sold 297 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $164.63, for a total transaction of $48,895.11. Following the sale, the senior vice president now owns 7,362 shares of the company's stock, valued at $1,212,006.06. This trade represents a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Robert Zmudka sold 4,800 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $163.83, for a total value of $786,384.00. Following the completion of the transaction, the vice president now owns 7,493 shares of the company's stock, valued at $1,227,578.19. This represents a 39.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.17% of the stock is currently owned by company insiders.

GATX Trading Up 0.7 %

Shares of NYSE:GATX traded up $1.08 during midday trading on Tuesday, hitting $156.35. The company had a trading volume of 112,701 shares, compared to its average volume of 155,902. The firm has a fifty day simple moving average of $160.84 and a 200 day simple moving average of $152.79. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 20.12 and a beta of 1.00. The company has a current ratio of 2.77, a quick ratio of 3.41 and a debt-to-equity ratio of 3.37. GATX Co. has a 12 month low of $122.00 and a 12 month high of $168.89.

GATX (NYSE:GATX - Get Free Report) last issued its earnings results on Thursday, January 23rd. The transportation company reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.25. GATX had a return on equity of 12.07% and a net margin of 17.92%. During the same quarter in the previous year, the company earned $1.74 EPS. On average, analysts predict that GATX Co. will post 8.5 EPS for the current year.

GATX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were given a $0.61 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.56%. This is a boost from GATX's previous quarterly dividend of $0.58. GATX's dividend payout ratio is currently 31.40%.

Wall Street Analysts Forecast Growth

Separately, Sidoti downgraded GATX from a "buy" rating to a "neutral" rating and set a $158.00 target price for the company. in a research report on Wednesday, December 4th.

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.