New York State Teachers Retirement System Has $6.20 Million Stock Position in GATX Co. (NYSE:GATX)

New York State Teachers Retirement System reduced its holdings in GATX Co. (NYSE:GATX - Free Report) by 12.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,022 shares of the transportation company's stock after selling 5,900 shares during the quarter. New York State Teachers Retirement System owned 0.11% of GATX worth $6,202,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. CWM LLC grew its holdings in shares of GATX by 20.2% in the 3rd quarter. CWM LLC now owns 487 shares of the transportation company's stock worth $65,000 after acquiring an additional 82 shares during the last quarter. Creative Planning grew its holdings in shares of GATX by 0.8% in the 3rd quarter. Creative Planning now owns 28,076 shares of the transportation company's stock worth $3,719,000 after acquiring an additional 218 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of GATX in the 3rd quarter worth $3,922,000. State of Alaska Department of Revenue grew its holdings in shares of GATX by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 4,114 shares of the transportation company's stock worth $544,000 after acquiring an additional 280 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of GATX by 1.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 10,511 shares of the transportation company's stock worth $1,392,000 after acquiring an additional 193 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at GATX

In related news, VP Robert Zmudka sold 4,800 shares of the business's stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 7,493 shares in the company, valued at approximately $1,227,578.19. The trade was a 39.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jeffery R. Young sold 297 shares of the business'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 sale, the senior vice president now owns 7,362 shares of the company's stock, valued at approximately $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. 1.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on GATX shares. The Goldman Sachs Group started coverage on GATX in a report on Monday, November 18th. They issued a "buy" rating and a $185.00 target price on the stock. Sidoti cut GATX from a "buy" rating to a "neutral" rating and set a $158.00 target price for the company. in a research report on Wednesday, December 4th.

GATX Trading Down 1.6 %

Shares of GATX stock traded down $2.61 on Friday, hitting $161.65. 41,100 shares of the company's stock traded hands, compared to its average volume of 138,405. The firm's 50-day moving average price is $159.38 and its two-hundred day moving average price is $148.52. The stock has a market capitalization of $5.74 billion, a PE ratio of 20.81 and a beta of 0.99. GATX Co. has a one year low of $122.00 and a one year high of $168.89. 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 (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, topping analysts' consensus estimates of $1.68 by $0.25. GATX had a return on equity of 12.07% and a net margin of 17.92%. During the same quarter in the previous year, the firm posted $1.74 earnings per share. On average, research analysts expect that GATX Co. will post 8.5 EPS for the current fiscal year.

GATX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a $0.61 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.51%. This is an increase from GATX's previous quarterly dividend of $0.58. GATX's payout ratio is currently 29.86%.

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.