GATX Co. (NYSE:GATX) Shares Sold by American International Group Inc.

American International Group Inc. cut its holdings in GATX Co. (NYSE:GATX) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,324 shares of the transportation company’s stock after selling 1,988 shares during the period. American International Group Inc. owned about 0.18% of GATX worth $7,853,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GATX. Versor Investments LP purchased a new position in shares of GATX during the fourth quarter worth about $733,000. Norges Bank purchased a new position in shares of GATX during the fourth quarter worth about $41,112,000. Kingswood Wealth Advisors LLC grew its holdings in shares of GATX by 1.4% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 9,323 shares of the transportation company’s stock worth $1,121,000 after purchasing an additional 130 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in shares of GATX during the third quarter worth about $549,000. Finally, Vanguard Group Inc. grew its holdings in shares of GATX by 0.7% during the third quarter. Vanguard Group Inc. now owns 3,903,442 shares of the transportation company’s stock worth $424,812,000 after purchasing an additional 28,108 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Susquehanna raised 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 Price Performance

GATX stock opened at $133.38 on Thursday. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 3.28. GATX Co. has a 12-month low of $97.21 and a 12-month high of $141.24. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 19.00 and a beta of 1.00. The firm has a 50 day moving average of $131.86 and a 200-day moving average of $126.96.

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 the consensus estimate of $1.72 by $0.29. The firm had revenue of $379.90 million during the quarter, compared to the consensus estimate of $375.80 million. GATX had a return on equity of 11.29% and a net margin of 17.64%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.20 EPS. As a group, equities analysts expect that GATX Co. will post 7.61 EPS for the current fiscal year.

GATX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 30th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.58 per share. The ex-dividend date is Friday, June 14th. This represents a $2.32 annualized dividend and a dividend yield of 1.74%. GATX’s dividend payout ratio is presently 33.05%.

Insider Activity

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 completion of the sale, the director now directly owns 32,477 shares of the company’s stock, valued at approximately $4,286,314.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other GATX news, EVP Paul F. Titterton sold 9,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $139.37, for a total value of $1,254,330.00. Following the transaction, the executive vice president now owns 11,373 shares in the company, valued at approximately $1,585,055.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anne L. Arvia sold 1,000 shares of the business’s stock in a transaction on 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 transaction, the director now owns 32,477 shares in the company, valued at approximately $4,286,314.46. The disclosure for this sale can be found here. Insiders sold 14,800 shares of company stock valued at $2,056,678 in the last ninety days. Company insiders own 1.99% of the company’s stock.

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.