GATX Co. (NYSE:GATX) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lowered its holdings in GATX Co. (NYSE:GATX - Free Report) by 26.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,880 shares of the transportation company's stock after selling 1,765 shares during the quarter. Tower Research Capital LLC TRC's holdings in GATX were worth $756,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in GATX. Assetmark Inc. lifted its stake in shares of GATX by 60.4% in the fourth quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock valued at $28,000 after purchasing an additional 67 shares during the period. Savant Capital LLC lifted its position in shares of GATX by 4.6% during the 4th quarter. Savant Capital LLC now owns 1,584 shares of the transportation company's stock valued at $245,000 after acquiring an additional 69 shares during the period. Principal Securities Inc. grew its holdings in shares of GATX by 9.0% in the 4th quarter. Principal Securities Inc. now owns 919 shares of the transportation company's stock worth $142,000 after acquiring an additional 76 shares during the period. Arizona State Retirement System increased its stake 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 purchasing an additional 77 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in GATX by 91.8% during the fourth quarter. UMB Bank n.a. now owns 163 shares of the transportation company's stock worth $25,000 after purchasing an additional 78 shares during the last quarter. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

GATX Stock Performance

NYSE GATX opened at $144.88 on Friday. 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 $5.17 billion, a price-to-earnings ratio of 18.65 and a beta of 1.00. GATX Co. has a fifty-two week low of $122.00 and a fifty-two week high of $168.89. The business has a fifty day moving average of $153.53 and a 200-day moving average of $154.20.

GATX (NYSE:GATX - Get Free Report) last released its earnings results on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.09 by $0.06. The company had revenue of $421.60 million for the quarter, compared to analyst estimates of $417.06 million. GATX had a net margin of 17.92% and a return on equity of 12.07%. During the same period in the prior year, the firm earned $2.01 EPS. As a group, analysts predict that GATX Co. will post 8.5 earnings per share for the current fiscal year.

GATX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.68%. GATX's dividend payout ratio is presently 30.93%.

Insider Activity

In related news, VP Robert Zmudka sold 4,800 shares of GATX stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $163.83, for a total value of $786,384.00. Following the transaction, the vice president now owns 7,493 shares in the company, valued at approximately $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 can be accessed through the SEC website. Also, SVP Jeffery R. Young sold 297 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $164.63, for a total value 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. The trade was a 3.88 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.17% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on GATX shares. Susquehanna lowered their target price on GATX from $165.00 to $160.00 and set a "neutral" rating on the stock in a report on Thursday. The Goldman Sachs Group restated a "buy" rating on shares of GATX in a research report on Wednesday.

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.

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