Retirement Systems of Alabama Raises Position in GATX Co. (NYSE:GATX)

Retirement Systems of Alabama increased its holdings in GATX Co. (NYSE:GATX) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,462 shares of the transportation company’s stock after acquiring an additional 262 shares during the quarter. Retirement Systems of Alabama owned approximately 0.13% of GATX worth $5,345,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of GATX. Envestnet Asset Management Inc. lifted its stake in shares of GATX by 82.8% in the third quarter. Envestnet Asset Management Inc. now owns 196,936 shares of the transportation company’s stock worth $21,433,000 after acquiring an additional 89,194 shares in the last quarter. American Century Companies Inc. raised 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 valued at $51,011,000 after buying an additional 86,501 shares in the last quarter. Earnest Partners LLC raised 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 valued at $307,956,000 after buying an additional 82,608 shares in the last quarter. Sei Investments Co. raised 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 valued at $64,538,000 after buying an additional 79,015 shares in the last quarter. Finally, Walleye Capital LLC acquired a new stake in GATX during the third quarter valued at approximately $6,698,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Stock Up 1.3 %

Shares of GATX stock opened at $127.98 on Monday. The company has a current ratio of 3.39, a quick ratio of 2.79 and a debt-to-equity ratio of 3.28. The business’s 50 day simple moving average is $129.66 and its 200-day simple moving average is $120.91. The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of 18.23 and a beta of 1.00. GATX Co. has a twelve month low of $97.21 and a twelve month high of $135.65.

GATX (NYSE:GATX) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.01 earnings per share (EPS) for the quarter, topping 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 business had revenue of $379.90 million during the quarter, compared to analyst estimates of $375.80 million. During the same period in the prior year, the company posted $2.20 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities research analysts forecast that GATX Co. will post 7.55 earnings per share for the current year.

GATX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 30th. Investors of record on Friday, June 14th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Friday, June 14th. GATX’s dividend payout ratio (DPR) is 33.05%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. TD Cowen upped their price objective on GATX from $122.00 to $136.00 and gave the company a “market perform” rating in a research note on Wednesday, January 24th. Susquehanna upped their price objective on GATX from $120.00 to $122.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Finally, Wells Fargo & Company increased their price target on GATX from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th.

Insider Buying and Selling

In related news, CEO Robert C. Lyons sold 19,300 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $125.70, for a total value of $2,426,010.00. Following the completion of the transaction, the chief executive officer now directly owns 44,710 shares of the company’s stock, valued at approximately $5,620,047. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other GATX news, SVP Kevin Hillesland sold 2,200 shares of the 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 directly owns 7,711 shares of the company’s stock, valued at approximately $1,031,963.13. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert C. Lyons sold 19,300 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $125.70, for a total value of $2,426,010.00. Following the transaction, the chief executive officer now directly owns 44,710 shares of the company’s stock, valued at $5,620,047. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

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.