GATX Co. (NYSE:GATX) Position Trimmed by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its stake in GATX Co. (NYSE:GATX - Free Report) by 2.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 178,559 shares of the transportation company's stock after selling 3,857 shares during the period. New York State Common Retirement Fund owned approximately 0.50% of GATX worth $23,650,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its stake 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 worth $335,000 after purchasing an additional 71 shares during the period. Commonwealth Equity Services LLC boosted its stake in GATX by 1.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,560 shares of the transportation company's stock worth $604,000 after purchasing an additional 78 shares during the period. Hilltop National Bank boosted its stake in GATX by 11.2% during the 2nd quarter. Hilltop National Bank now owns 803 shares of the transportation company's stock worth $106,000 after purchasing an additional 81 shares during the period. CWM LLC boosted its stake in GATX by 20.2% during the 3rd quarter. CWM LLC now owns 487 shares of the transportation company's stock worth $65,000 after purchasing an additional 82 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of GATX by 2.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 4,749 shares of the transportation company's stock worth $637,000 after acquiring an additional 91 shares during the period. 93.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder Farm Mutual Automobile I. State bought 8,984 shares of the 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 owns 3,312,294 shares in the company, valued at $442,688,093.10. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.80% of the company's stock.

GATX Price Performance

NYSE:GATX traded up $1.02 during trading hours on Monday, reaching $139.22. 103,720 shares of the company traded hands, compared to its average volume of 150,079. The company has a debt-to-equity ratio of 3.41, a current ratio of 3.41 and a quick ratio of 3.41. The firm's 50-day moving average is $135.86 and its 200-day moving average is $135.09. The stock has a market cap of $4.94 billion, a P/E ratio of 18.48 and a beta of 0.95. GATX Co. has a 1-year low of $104.88 and a 1-year high of $151.33.

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

GATX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.32 annualized dividend and a dividend yield of 1.67%. GATX's payout ratio is currently 31.02%.

Analyst Upgrades and Downgrades

Separately, Susquehanna raised their target price on shares of GATX from $122.00 to $140.00 and gave the stock a "neutral" rating in a research note on Monday, October 21st.

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.