GATX Co. (NYSE:GATX) Shares Sold by Candriam S.C.A.

Candriam S.C.A. cut its holdings in shares of GATX Co. (NYSE:GATX) by 62.1% in the 2nd quarter, Holdings Channel reports. The firm owned 2,288 shares of the transportation company’s stock after selling 3,745 shares during the period. Candriam S.C.A.’s holdings in GATX were worth $303,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GATX. Arizona State Retirement System lifted its position in shares of GATX by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 9,451 shares of the transportation company’s stock valued at $1,251,000 after acquiring an additional 183 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of GATX by 1.2% during the second quarter. Rhumbline Advisers now owns 122,859 shares of the transportation company’s stock valued at $16,262,000 after purchasing an additional 1,422 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of GATX by 9.6% during the second quarter. Natixis Advisors LLC now owns 164,071 shares of the transportation company’s stock valued at $21,716,000 after purchasing an additional 14,326 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of GATX by 1.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 4,560 shares of the transportation company’s stock valued at $604,000 after purchasing an additional 78 shares during the period. Finally, Innealta Capital LLC purchased a new position in GATX in the 2nd quarter worth about $82,000. 93.14% of the stock is currently owned by institutional investors.

GATX Price Performance

GATX stock opened at $133.03 on Thursday. GATX Co. has a one year low of $97.21 and a one year high of $151.33. The firm has a 50-day moving average of $138.01 and a two-hundred day moving average of $133.75. The firm has a market capitalization of $4.74 billion, a PE ratio of 18.96 and a beta of 0.96. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 3.52.

GATX (NYSE:GATX) last issued its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.43 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.39). GATX had a net margin of 15.86% and a return on equity of 10.61%. The firm had revenue of $386.70 million during the quarter, compared to analysts’ expectations of $385.45 million. During the same quarter last year, the company posted $1.73 EPS. The firm’s revenue was up 12.7% compared to the same quarter last year. On average, analysts forecast that GATX Co. will post 7.5 earnings per share for the current year.

GATX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.58 per share. The ex-dividend date is Friday, September 13th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.74%. GATX’s dividend payout ratio is 33.05%.

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.