PNC Financial Services Group Inc. Trims Position in GATX Co. (NYSE:GATX)

PNC Financial Services Group Inc. lessened its stake in shares of GATX Co. (NYSE:GATX) by 7.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,261 shares of the transportation company’s stock after selling 649 shares during the period. PNC Financial Services Group Inc.’s holdings in GATX were worth $993,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of GATX. Orion Capital Management LLC purchased a new position in shares of GATX during the 3rd quarter worth $27,000. GAMMA Investing LLC acquired a new position in GATX in the 4th quarter valued at about $32,000. Headinvest LLC acquired a new position in GATX in the 3rd quarter valued at about $33,000. McGlone Suttner Wealth Management Inc. acquired a new position in GATX in the 4th quarter valued at about $36,000. Finally, Bruce G. Allen Investments LLC acquired a new position in GATX in the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Insider Buying and Selling

In other GATX news, EVP Paul F. Titterton sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $139.37, for a total value of $1,254,330.00. Following the completion of the sale, the executive vice president now owns 11,373 shares in the company, valued at $1,585,055.01. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Anne L. Arvia sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $131.98, for a total value of $131,980.00. Following the transaction, the director now owns 32,477 shares of the company’s stock, valued at $4,286,314.46. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Paul F. Titterton sold 9,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was 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 directly owns 11,373 shares in the company, valued at approximately $1,585,055.01. The disclosure for this sale can be found here. Insiders sold a total of 14,800 shares of company stock worth $2,056,678 over the last 90 days. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Susquehanna lifted their target price on GATX from $120.00 to $122.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th.

GATX Stock Performance

Shares of GATX stock opened at $132.33 on Monday. GATX Co. has a one year low of $97.21 and a one year high of $141.24. The company has a market cap of $4.71 billion, a PE ratio of 18.85 and a beta of 1.00. The company has a debt-to-equity ratio of 3.28, a quick ratio of 3.39 and a current ratio of 3.39. The business has a 50-day simple moving average of $131.93 and a 200-day simple moving average of $127.36.

GATX (NYSE:GATX) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.29. The business 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 business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.20 earnings per share. On average, equities research analysts forecast that GATX Co. will post 7.61 EPS for the current fiscal year.

GATX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 30th. Investors of record on Friday, June 14th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.75%. The ex-dividend date is Friday, June 14th. GATX’s payout ratio is 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.