Goldman Sachs Group Inc. Lowers Stock Holdings in GATX Co. (NYSE:GATX)

Goldman Sachs Group Inc. lessened its holdings in shares of GATX Co. (NYSE:GATX) by 22.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 149,251 shares of the transportation company’s stock after selling 42,292 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.42% of GATX worth $17,943,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Orion Capital Management LLC acquired a new stake in GATX in the 3rd quarter worth about $27,000. GAMMA Investing LLC purchased a new stake in GATX in the fourth quarter valued at approximately $32,000. Headinvest LLC acquired a new position in GATX during the third quarter worth approximately $33,000. McGlone Suttner Wealth Management Inc. purchased a new position in GATX during the fourth quarter worth approximately $36,000. Finally, Bruce G. Allen Investments LLC purchased a new position in GATX during the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

Insider Activity at GATX

In other news, Director Anne L. Arvia sold 1,000 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $131.98, for a total transaction of $131,980.00. Following the transaction, the director now directly owns 32,477 shares of the company’s stock, valued at $4,286,314.46. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Anne L. Arvia sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $131.98, for a total transaction of $131,980.00. Following the completion of the sale, the director now directly owns 32,477 shares in the company, valued at $4,286,314.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert Zmudka sold 4,800 shares of GATX stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $139.66, for a total value of $670,368.00. Following the sale, the vice president now directly owns 7,493 shares in the company, valued at $1,046,472.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,800 shares of company stock worth $2,056,678. 1.80% of the stock is currently owned by company insiders.

GATX Stock Up 0.8 %

GATX opened at $131.71 on Friday. GATX Co. has a 1 year low of $97.21 and a 1 year high of $141.24. The firm has a 50 day moving average price of $132.16 and a 200 day moving average price of $127.66. The company has a debt-to-equity ratio of 3.28, a quick ratio of 3.39 and a current ratio of 3.39. The company has a market cap of $4.69 billion, a PE ratio of 18.76 and a beta of 1.00.

GATX (NYSE:GATX) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.29. The company had revenue of $379.90 million during the quarter, compared to analyst estimates of $375.80 million. GATX had a net margin of 17.64% and a return on equity of 11.29%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.20 earnings per share. Sell-side analysts expect that GATX Co. will post 7.61 earnings per share for the current year.

GATX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 30th. Stockholders of record on Friday, June 14th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.76%. GATX’s dividend payout ratio (DPR) is currently 33.05%.

Wall Street Analyst Weigh In

Separately, Susquehanna upped their price objective on GATX from $120.00 to $122.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th.

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.