State of New Jersey Common Pension Fund D Lowers Stock Position in GATX Co. (NYSE:GATX)

State of New Jersey Common Pension Fund D lessened its stake in shares of GATX Co. (NYSE:GATX) by 40.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,979 shares of the transportation company’s stock after selling 9,330 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in GATX were worth $1,850,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of GATX in the fourth quarter valued at approximately $41,112,000. UBS Group AG boosted its stake in shares of GATX by 73.2% in the fourth quarter. UBS Group AG now owns 51,988 shares of the transportation company’s stock valued at $6,250,000 after purchasing an additional 21,977 shares during the period. Wells Fargo & Company MN boosted its stake in shares of GATX by 0.7% in the fourth quarter. Wells Fargo & Company MN now owns 139,680 shares of the transportation company’s stock valued at $16,792,000 after purchasing an additional 969 shares during the period. Quest Partners LLC purchased a new position in shares of GATX in the fourth quarter valued at approximately $154,000. Finally, Hsbc Holdings PLC boosted its stake in shares of GATX by 9.6% in the fourth quarter. Hsbc Holdings PLC now owns 11,234 shares of the transportation company’s stock valued at $1,355,000 after purchasing an additional 986 shares during the period. Hedge funds and other institutional investors own 93.14% of the company’s stock.

GATX Stock Up 0.1 %

Shares of GATX stock opened at $138.14 on Tuesday. GATX Co. has a 52-week low of $97.21 and a 52-week high of $151.33. The company has a 50 day moving average of $137.98 and a 200 day moving average of $134.37. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 3.52. The company has a market capitalization of $4.92 billion, a P/E ratio of 19.68 and a beta of 0.96.

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

GATX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.32 annualized dividend and a dividend yield of 1.68%. GATX’s payout ratio is currently 33.05%.

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.