Dimensional Fund Advisors LP Sells 118,029 Shares of GATX Co. (NYSE:GATX)

Dimensional Fund Advisors LP lessened its holdings in shares of GATX Co. (NYSE:GATX - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,964,442 shares of the transportation company's stock after selling 118,029 shares during the quarter. Dimensional Fund Advisors LP owned about 5.53% of GATX worth $304,412,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Public Employees Retirement System of Ohio grew its stake in GATX by 144.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,570 shares of the transportation company's stock worth $208,000 after buying an additional 928 shares in the last quarter. Virtu Financial LLC purchased a new position in GATX in the third quarter worth $747,000. Sanctuary Advisors LLC increased its stake in GATX by 2.3% in the third quarter. Sanctuary Advisors LLC now owns 9,005 shares of the transportation company's stock valued at $1,193,000 after acquiring an additional 204 shares during the last quarter. Tidal Investments LLC raised its position in GATX by 27.9% during the third quarter. Tidal Investments LLC now owns 5,234 shares of the transportation company's stock valued at $693,000 after purchasing an additional 1,142 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in GATX by 5.9% during the third quarter. Franklin Resources Inc. now owns 2,846 shares of the transportation company's stock worth $385,000 after purchasing an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company's stock.

Analysts Set New Price Targets

GATX has been the topic of several recent research reports. Susquehanna reduced their price objective on GATX from $165.00 to $160.00 and set a "neutral" rating on the stock in a research report on Thursday. The Goldman Sachs Group reiterated a "buy" rating on shares of GATX in a research report on Wednesday.

GATX Trading Up 0.5 %

GATX stock traded up $0.73 during trading hours on Friday, reaching $144.88. The stock had a trading volume of 165,799 shares, compared to its average volume of 164,091. The stock has a market cap of $5.17 billion, a PE ratio of 18.65 and a beta of 1.00. The company has a fifty day simple moving average of $153.98 and a 200-day simple moving average of $153.98. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.77 and a quick ratio of 3.41. GATX Co. has a 52 week low of $122.00 and a 52 week high of $168.89.

GATX (NYSE:GATX - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.06. GATX had a return on equity of 12.07% and a net margin of 17.92%. The business had revenue of $421.60 million during the quarter, compared to analysts' expectations of $417.06 million. During the same quarter last year, the business posted $2.01 EPS. Analysts forecast that GATX Co. will post 8.5 EPS for the current fiscal year.

GATX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.68%. GATX's dividend payout ratio (DPR) is currently 31.40%.

Insider Activity

In related news, VP Robert Zmudka sold 4,800 shares of the firm'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 transaction of $786,384.00. Following the completion of the sale, the vice president now owns 7,493 shares of the company's stock, valued at $1,227,578.19. This trade represents a 39.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeffery R. Young sold 297 shares of the company's stock in a transaction that occurred on 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 in the company, valued at $1,212,006.06. This trade represents a 3.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.17% of the company's stock.

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.