Clearbridge Investments LLC Trims Position in GATX Co. (NYSE:GATX)

Clearbridge Investments LLC lessened its stake in shares of GATX Co. (NYSE:GATX) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 369,331 shares of the transportation company’s stock after selling 2,079 shares during the period. Clearbridge Investments LLC owned 1.04% of GATX worth $44,401,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Norges Bank purchased a new stake in GATX in the 4th quarter valued at about $41,112,000. Envestnet Asset Management Inc. increased its stake in GATX by 82.8% during the third quarter. Envestnet Asset Management Inc. now owns 196,936 shares of the transportation company’s stock worth $21,433,000 after purchasing an additional 89,194 shares during the period. American Century Companies Inc. increased its stake in GATX by 22.6% during the third quarter. American Century Companies Inc. now owns 468,726 shares of the transportation company’s stock worth $51,011,000 after purchasing an additional 86,501 shares during the period. Earnest Partners LLC increased its stake in GATX by 3.0% during the third quarter. Earnest Partners LLC now owns 2,829,696 shares of the transportation company’s stock worth $307,956,000 after purchasing an additional 82,608 shares during the period. Finally, Sei Investments Co. increased its stake in GATX by 15.4% during the third quarter. Sei Investments Co. now owns 593,015 shares of the transportation company’s stock worth $64,538,000 after purchasing an additional 79,015 shares during the period. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Wall Street Analyst Weigh In

GATX has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on GATX from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. TD Cowen upped their price target on GATX from $122.00 to $136.00 and gave the company a “market perform” rating in a report on Wednesday, January 24th. Finally, Susquehanna upped their price target on GATX from $120.00 to $122.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th.

GATX Price Performance

Shares of NYSE GATX opened at $138.17 on Thursday. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 3.28. GATX Co. has a twelve month low of $97.21 and a twelve month high of $141.24. The stock has a 50 day moving average of $131.15 and a two-hundred day moving average of $123.53. The stock has a market cap of $4.92 billion, a P/E ratio of 19.68 and a beta of 1.00.

GATX (NYSE:GATX) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.29. GATX had a return on equity of 11.29% and a net margin of 17.64%. The company had revenue of $379.90 million during the quarter, compared to analysts’ expectations of $375.80 million. During the same quarter in the previous year, the business earned $2.20 earnings per share. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, research analysts forecast that GATX Co. will post 7.61 earnings per share for the current year.

GATX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 30th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Friday, June 14th. GATX’s dividend payout ratio (DPR) is presently 33.05%.

Insiders Place Their Bets

In other GATX news, VP Robert Zmudka sold 4,800 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $139.66, for a total value of $670,368.00. Following the completion of the transaction, the vice president now owns 7,493 shares in the company, valued at $1,046,472.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Kevin Hillesland sold 2,200 shares of GATX stock in a transaction on Friday, March 8th. The stock was sold at an average price of $133.83, for a total transaction of $294,426.00. Following the completion of the transaction, the senior vice president now owns 7,711 shares of the company’s stock, valued at approximately $1,031,963.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Robert Zmudka sold 4,800 shares of GATX stock in a transaction on Monday, May 20th. The stock was sold at an average price of $139.66, for a total value of $670,368.00. Following the transaction, the vice president now directly owns 7,493 shares of the company’s stock, valued at approximately $1,046,472.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,000 shares of company stock worth $2,351,104. 1.80% 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.