Barclays PLC Sells 41,921 Shares of GATX Co. (NYSE:GATX)

Barclays PLC trimmed its holdings in GATX Co. (NYSE:GATX - Free Report) by 38.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,451 shares of the transportation company's stock after selling 41,921 shares during the quarter. Barclays PLC owned about 0.19% of GATX worth $8,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. HighTower Advisors LLC increased its stake in shares of 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 acquiring an additional 68 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in GATX by 2.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,528 shares of the transportation company's stock valued at $335,000 after purchasing an additional 71 shares during the last quarter. Commonwealth Equity Services LLC grew its position in GATX by 1.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,560 shares of the transportation company's stock valued at $604,000 after purchasing an additional 78 shares during the last quarter. CWM LLC grew its position in GATX by 20.2% during the 3rd quarter. CWM LLC now owns 487 shares of the transportation company's stock valued at $65,000 after purchasing an additional 82 shares during the last quarter. Finally, Johnson Investment Counsel Inc. grew its position in GATX by 5.3% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 1,843 shares of the transportation company's stock valued at $244,000 after purchasing an additional 93 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors.

GATX Stock Performance

NYSE GATX traded down $5.90 on Wednesday, reaching $155.21. 175,037 shares of the stock were exchanged, compared to its average volume of 154,643. The firm has a market capitalization of $5.51 billion, a PE ratio of 20.75 and a beta of 0.99. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 3.41. GATX Co. has a one year low of $114.78 and a one year high of $167.74. The company's 50-day simple moving average is $150.16 and its two-hundred day simple moving average is $140.92.

GATX (NYSE:GATX - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.54. GATX had a net margin of 17.76% and a return on equity of 11.98%. The firm had revenue of $405.40 million for the quarter, compared to analysts' expectations of $391.65 million. During the same quarter last year, the business posted $1.44 earnings per share. The company's revenue for the quarter was up 12.6% compared to the same quarter last year. Analysts expect that GATX Co. will post 7.6 EPS for the current fiscal year.

GATX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Friday, December 13th. GATX's payout ratio is 31.02%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Susquehanna raised their price target on shares of GATX from $122.00 to $140.00 and gave the company a "neutral" rating in a report on Monday, October 21st. The Goldman Sachs Group began coverage on shares of GATX in a report on Monday, November 18th. They issued a "buy" rating and a $185.00 price objective on the stock. Finally, Sidoti downgraded shares of 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $151.80.

Insiders Place Their Bets

In other news, major shareholder Farm Mutual Automobile I. State acquired 8,984 shares of the firm's stock in a transaction that occurred on Wednesday, October 9th. The stock was purchased at an average cost of $133.65 per share, for a total transaction of $1,200,711.60. Following the completion of the acquisition, the insider now directly owns 3,312,294 shares of the company's stock, valued at $442,688,093.10. The trade was a 0.27 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is owned by insiders.

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.