California Public Employees Retirement System Sells 9,860 Shares of GATX Co. (NYSE:GATX)

California Public Employees Retirement System decreased its holdings in GATX Co. (NYSE:GATX - Free Report) by 16.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,598 shares of the transportation company's stock after selling 9,860 shares during the quarter. California Public Employees Retirement System owned 0.14% of GATX worth $7,686,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of GATX by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 3,949,889 shares of the transportation company's stock worth $612,075,000 after purchasing an additional 17,885 shares during the period. State Street Corp boosted its stake in GATX by 0.6% in the third quarter. State Street Corp now owns 1,294,895 shares of the transportation company's stock valued at $171,509,000 after buying an additional 7,585 shares in the last quarter. American Century Companies Inc. grew its position in GATX by 12.1% in the fourth quarter. American Century Companies Inc. now owns 1,099,447 shares of the transportation company's stock valued at $170,370,000 after acquiring an additional 118,306 shares during the last quarter. Sei Investments Co. raised its stake in GATX by 6.6% during the fourth quarter. Sei Investments Co. now owns 902,691 shares of the transportation company's stock worth $139,881,000 after acquiring an additional 56,041 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of GATX by 1.5% in the third quarter. Geode Capital Management LLC now owns 849,603 shares of the transportation company's stock worth $112,550,000 after acquiring an additional 12,571 shares during the last quarter. Institutional investors own 93.14% of the company's stock.

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GATX Trading Up 0.9 %

GATX stock traded up $1.27 during trading hours on Friday, hitting $147.97. The stock had a trading volume of 179,537 shares, compared to its average volume of 160,787. GATX Co. has a one year low of $122.00 and a one year high of $168.89. The company has a quick ratio of 3.41, a current ratio of 2.77 and a debt-to-equity ratio of 3.37. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 19.04 and a beta of 1.00. The business's 50 day simple moving average is $157.39 and its 200-day simple moving average is $153.20.

GATX (NYSE:GATX - Get Free Report) last released its earnings results on Thursday, January 23rd. The transportation company reported $1.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 prior year, the firm posted $1.74 EPS. On average, equities analysts predict that GATX Co. will post 8.5 EPS for the current fiscal year.

GATX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were issued a $0.61 dividend. This is a positive change from GATX's previous quarterly dividend of $0.58. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Friday, February 28th. GATX's dividend payout ratio (DPR) is presently 31.40%.

Insider Activity at GATX

In other GATX news, SVP Jeffery R. Young sold 297 shares of GATX 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 completion of the sale, the senior vice president now owns 7,362 shares of the company's stock, valued at $1,212,006.06. The trade was a 3.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Robert Zmudka sold 4,800 shares of the company's stock in a transaction dated Tuesday, February 4th. The stock was 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. The trade was 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 owned by corporate insiders.

GATX 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.