GATX Co. (NYSE:GATX) Shares Sold by Park Place Capital Corp

Park Place Capital Corp trimmed its stake in GATX Co. (NYSE:GATX) by 50.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 288 shares of the transportation company’s stock after selling 294 shares during the quarter. Park Place Capital Corp’s holdings in GATX were worth $39,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Orion Capital Management LLC acquired a new position in GATX in the third quarter valued at $27,000. GAMMA Investing LLC purchased a new stake in GATX during the fourth quarter valued at about $32,000. McGlone Suttner Wealth Management Inc. purchased a new stake in GATX during the fourth quarter valued at about $36,000. Headinvest LLC purchased a new stake in GATX during the third quarter valued at about $33,000. Finally, CWM LLC boosted its position in shares of GATX by 155.7% in the first quarter. CWM LLC now owns 335 shares of the transportation company’s stock worth $45,000 after buying an additional 204 shares during the period. 93.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other GATX news, VP Robert Zmudka sold 4,800 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $139.66, for a total transaction of $670,368.00. Following the transaction, the vice president now owns 7,493 shares of the company’s stock, valued at approximately $1,046,472.38. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, VP Robert Zmudka sold 4,800 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $139.66, for a total value of $670,368.00. Following the sale, the vice president now owns 7,493 shares of the company’s stock, valued at approximately $1,046,472.38. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Paul F. Titterton sold 9,000 shares of GATX 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 sale, 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 have sold a total of 14,800 shares of company stock valued at $2,056,678 in the last quarter. Insiders own 1.99% of the company’s stock.

Analysts Set New Price Targets

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

GATX Price Performance

Shares of NYSE GATX opened at $130.74 on Tuesday. GATX Co. has a fifty-two week low of $97.21 and a fifty-two week high of $141.24. The business has a 50 day moving average price of $132.22 and a two-hundred day moving average price of $128.05. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 3.28. The firm has a market cap of $4.65 billion, a PE ratio of 18.62 and a beta of 0.96.

GATX (NYSE:GATX) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.01 earnings per share for the quarter, beating 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 firm had revenue of $379.90 million during the quarter, compared to analyst estimates of $375.80 million. During the same quarter last year, the firm earned $2.20 EPS. GATX’s quarterly revenue was up 12.1% on a year-over-year basis. Sell-side analysts expect that GATX Co. will post 7.61 earnings per share for the current fiscal year.

GATX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, June 30th. Shareholders of record on Friday, June 14th were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend was Friday, June 14th. GATX’s dividend payout ratio is presently 33.05%.

GATX 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.