Handelsinvest Investeringsforvaltning Sells 756 Shares of GATX Co. (NYSE:GATX)

Handelsinvest Investeringsforvaltning decreased its position in shares of GATX Co. (NYSE:GATX) by 34.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,455 shares of the transportation company’s stock after selling 756 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in GATX were worth $195,000 at the end of the most recent reporting period.

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

GATX Stock Performance

Shares of GATX stock opened at $132.62 on Thursday. GATX Co. has a 52 week low of $97.21 and a 52 week high of $141.24. The firm has a 50 day moving average of $132.49 and a 200-day moving average of $128.19. 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 company has a market cap of $4.72 billion, a price-to-earnings ratio of 18.89 and a beta of 0.96.

GATX (NYSE:GATX) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.29. The business had revenue of $379.90 million during the quarter, compared to analyst estimates of $375.80 million. GATX had a net margin of 17.64% and a return on equity of 11.29%. GATX’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.20 EPS. On average, equities analysts forecast that GATX Co. will post 7.6 earnings per share for the current year.

GATX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, June 30th. Shareholders of record on Friday, June 14th were paid a dividend of $0.58 per share. The ex-dividend date was Friday, June 14th. This represents a $2.32 dividend on an annualized basis and a yield of 1.75%. GATX’s dividend payout ratio (DPR) is presently 33.05%.

Analysts Set New Price Targets

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

Insider Buying and Selling at GATX

In other GATX 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 owns 32,477 shares in the company, valued at approximately $4,286,314.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other GATX news, VP Robert Zmudka sold 4,800 shares of GATX stock in a transaction on Monday, May 20th. The shares were sold at an average price of $139.66, for a total transaction of $670,368.00. Following the transaction, the vice president now directly owns 7,493 shares of the company’s stock, valued at approximately $1,046,472.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anne L. Arvia sold 1,000 shares of GATX 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 transaction, the director now directly owns 32,477 shares in the company, valued at $4,286,314.46. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,800 shares of company stock worth $2,056,678. 1.99% of the stock is owned by corporate insiders.

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.