Wells Fargo & Company MN trimmed its holdings in GATX Co. (NYSE:GATX) by 4.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 107,034 shares of the transportation company’s stock after selling 4,575 shares during the period. Wells Fargo & Company MN’s holdings in GATX were worth $8,487,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in GATX. Federated Investors Inc. PA lifted its position in shares of GATX by 428.9% in the first quarter. Federated Investors Inc. PA now owns 61,356 shares of the transportation company’s stock valued at $4,686,000 after buying an additional 49,755 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of GATX by 7.8% in the fourth quarter. Geode Capital Management LLC now owns 400,121 shares of the transportation company’s stock valued at $28,332,000 after buying an additional 29,097 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of GATX in the first quarter valued at approximately $1,242,000. Synovus Financial Corp lifted its position in shares of GATX by 49.2% in the first quarter. Synovus Financial Corp now owns 16,331 shares of the transportation company’s stock valued at $1,254,000 after buying an additional 5,388 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in shares of GATX in the first quarter valued at approximately $353,000.
Shares of GATX traded up $0.98 during mid-day trading on Friday, reaching $81.64. The company’s stock had a trading volume of 1,704 shares, compared to its average volume of 213,020. GATX Co. has a 1-year low of $67.46 and a 1-year high of $89.94. The stock has a market cap of $2.84 billion, a P/E ratio of 15.59, a PEG ratio of 1.04 and a beta of 1.50. The business has a 50-day simple moving average of $75.06 and a two-hundred day simple moving average of $75.89. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 2.90.
GATX (NYSE:GATX) last released its quarterly earnings data on Thursday, July 18th. The transportation company reported $1.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.46. GATX had a return on equity of 10.21% and a net margin of 14.88%. The company had revenue of $359.40 million during the quarter, compared to analysts’ expectations of $355.00 million. During the same period last year, the firm posted $1.16 earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. Research analysts anticipate that GATX Co. will post 5.11 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a $0.46 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.25%. GATX’s payout ratio is 35.25%.
In other news, VP William M. Muckian sold 5,806 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $77.96, for a total transaction of $452,635.76. Following the transaction, the vice president now owns 11,660 shares in the company, valued at $909,013.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Robert C. Lyons sold 3,895 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $74.00, for a total value of $288,230.00. Following the transaction, the executive vice president now owns 66,663 shares in the company, valued at approximately $4,933,062. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,075 shares of company stock worth $996,108. 3.72% of the stock is owned by corporate insiders.
GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets worldwide. The company operates through four segments: Rail North America, Rail International, Portfolio Management, and American Steamship Company (ASC). The Rail North America segment primarily leases railcars and locomotives.
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