Invesco Ltd. Trims Holdings in GATX Co. (NYSE:GATX)

Invesco Ltd. cut its holdings in GATX Co. (NYSE:GATX - Free Report) by 51.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,094 shares of the transportation company's stock after selling 60,419 shares during the quarter. Invesco Ltd. owned approximately 0.16% of GATX worth $8,692,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Norges Bank bought a new position in shares of GATX during the fourth quarter worth about $55,496,000. American Century Companies Inc. boosted its holdings in GATX by 12.1% during the fourth quarter. American Century Companies Inc. now owns 1,099,447 shares of the transportation company's stock worth $170,370,000 after buying an additional 118,306 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in GATX by 81.7% during the 4th quarter. JPMorgan Chase & Co. now owns 168,747 shares of the transportation company's stock worth $26,149,000 after buying an additional 75,886 shares during the period. Sei Investments Co. boosted its position in shares of GATX by 6.6% in the fourth quarter. Sei Investments Co. now owns 902,691 shares of the transportation company's stock worth $139,881,000 after buying an additional 56,041 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in GATX during the fourth quarter valued at approximately $5,391,000. 93.14% of the stock is owned by institutional investors and hedge funds.

GATX Stock Up 0.5 %

Shares of GATX traded up $0.73 during trading hours on Friday, hitting $144.88. The stock had a trading volume of 165,799 shares, compared to its average volume of 164,246. 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 1-year low of $122.00 and a 1-year high of $168.89. The firm has a 50 day simple moving average of $153.53 and a 200-day simple moving average of $154.20. The firm has a market capitalization of $5.17 billion, a P/E ratio of 18.65 and a beta of 1.00.

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

GATX Dividend Announcement

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 30.93%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Susquehanna decreased their target price 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 restated a "buy" rating on shares of GATX in a research report on Wednesday.

Insiders Place Their Bets

In other news, VP Robert Zmudka sold 4,800 shares of GATX 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 transaction, the vice president now directly owns 7,493 shares of the company's stock, valued at $1,227,578.19. The trade was a 39.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeffery R. Young sold 297 shares of the 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 transaction, the senior vice president now directly owns 7,362 shares of the company's stock, valued at $1,212,006.06. The trade was a 3.88 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.