American International Group Inc. Sells 1,988 Shares of GATX Co. (NYSE:GATX)

American International Group Inc. reduced its position in GATX Co. (NYSE:GATX) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,324 shares of the transportation company’s stock after selling 1,988 shares during the quarter. American International Group Inc.’s holdings in GATX were worth $7,853,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Covenant Partners LLC bought a new position in GATX in the 4th quarter valued at about $218,000. Winslow Asset Management Inc. boosted its stake in shares of GATX by 4.9% in the 4th quarter. Winslow Asset Management Inc. now owns 49,567 shares of the transportation company’s stock valued at $5,959,000 after purchasing an additional 2,315 shares in the last quarter. Sei Investments Co. boosted its stake in shares of GATX by 32.2% in the 4th quarter. Sei Investments Co. now owns 784,202 shares of the transportation company’s stock valued at $94,277,000 after purchasing an additional 191,187 shares in the last quarter. KBC Group NV boosted its stake in shares of GATX by 11.4% in the 4th quarter. KBC Group NV now owns 5,086 shares of the transportation company’s stock valued at $611,000 after purchasing an additional 521 shares in the last quarter. Finally, TFO Wealth Partners LLC boosted its stake in shares of GATX by 64,800.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,298 shares of the transportation company’s stock valued at $156,000 after purchasing an additional 1,296 shares in the last quarter. 93.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Susquehanna raised their price target on shares of GATX from $120.00 to $122.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th.

GATX Trading Up 0.8 %

GATX opened at $133.38 on Thursday. The company’s 50 day moving average is $131.86 and its 200-day moving average is $126.96. 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 1-year low of $97.21 and a 1-year high of $141.24. The company has a market cap of $4.75 billion, a P/E ratio of 19.00 and a beta of 1.00.

GATX (NYSE:GATX) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.72 by $0.29. GATX had a net margin of 17.64% and a return on equity of 11.29%. The business had revenue of $379.90 million for the quarter, compared to the consensus estimate of $375.80 million. During the same period last year, the company earned $2.20 EPS. The firm’s revenue was up 12.1% compared to the same quarter last year. Equities research analysts predict that GATX Co. will post 7.61 earnings per share for the current fiscal year.

GATX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 30th. Investors of record on Friday, June 14th will be given a dividend of $0.58 per share. The ex-dividend date is Friday, June 14th. This represents a $2.32 annualized dividend and a yield of 1.74%. GATX’s dividend payout ratio is presently 33.05%.

Insider Buying and Selling

In related news, EVP Paul F. Titterton sold 9,000 shares of GATX stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $139.37, for a total transaction of $1,254,330.00. Following the sale, the executive vice president now directly owns 11,373 shares in the company, valued at approximately $1,585,055.01. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Anne L. Arvia sold 1,000 shares of GATX stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $131.98, for a total value of $131,980.00. Following the completion of the sale, the director now owns 32,477 shares in the company, valued at approximately $4,286,314.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paul F. Titterton sold 9,000 shares of GATX stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $139.37, for a total transaction of $1,254,330.00. Following the completion of the sale, the executive vice president now owns 11,373 shares of the company’s stock, valued at approximately $1,585,055.01. The disclosure for this sale can be found here. Insiders have sold a total of 14,800 shares of company stock worth $2,056,678 in the last ninety days. Company insiders own 1.99% of the company’s stock.

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.