GATX Co. (GATX) Shares Bought by California Public Employees Retirement System
California Public Employees Retirement System raised its stake in GATX Co. (NYSE:GATX) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 143,392 shares of the transportation company’s stock after purchasing an additional 9,957 shares during the quarter. California Public Employees Retirement System’s holdings in GATX were worth $8,913,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in GATX. Shine Investment Advisory Services Inc. acquired a new position in shares of GATX in the 4th quarter valued at $109,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of GATX by 56.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,983 shares of the transportation company’s stock valued at $123,000 after acquiring an additional 719 shares in the last quarter. Alps Advisors Inc. acquired a new position in shares of GATX during the 4th quarter valued at $227,000. Crossmark Global Holdings Inc. acquired a new position in shares of GATX during the 3rd quarter valued at $233,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of GATX during the 2nd quarter valued at $249,000.
In related news, VP Robert C. Lyons sold 4,000 shares of GATX stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $71.42, for a total transaction of $285,680.00. Following the sale, the vice president now owns 44,053 shares of the company’s stock, valued at approximately $3,146,265.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James F. Earl sold 5,177 shares of GATX stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $69.61, for a total transaction of $360,370.97. Following the sale, the executive vice president now directly owns 104,359 shares in the company, valued at approximately $7,264,429.99. The disclosure for this sale can be found here. Insiders have sold a total of 46,028 shares of company stock worth $3,273,069 in the last ninety days. 3.50% of the stock is currently owned by insiders.
Shares of GATX Co. (NYSE GATX) opened at $68.06 on Friday. GATX Co. has a one year low of $55.82 and a one year high of $73.25. The stock has a market cap of $2,590.00, a price-to-earnings ratio of 14.39, a P/E/G ratio of 0.99 and a beta of 1.23. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 2.45.
GATX (NYSE:GATX) last released its quarterly earnings results on Thursday, January 18th. The transportation company reported $0.68 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.04). GATX had a return on equity of 12.15% and a net margin of 36.46%. The firm had revenue of $352.80 million for the quarter, compared to analysts’ expectations of $347.90 million. During the same period last year, the firm earned $1.14 EPS. The business’s quarterly revenue was down 2.6% on a year-over-year basis. analysts expect that GATX Co. will post 4.57 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, March 31st. Investors of record on Monday, March 5th will be paid a dividend of $0.44 per share. This is an increase from GATX’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, March 2nd. This represents a $1.76 annualized dividend and a yield of 2.59%. GATX’s payout ratio is 35.52%.
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GATX Company Profile
GATX Corporation is a global railcar lessor, owning fleets in North America, Europe, and Asia. In addition, the Company operates fleet of the United States-flagged vessels on the Great Lakes and jointly with Rolls-Royce plc, it owns aircraft spare engine lease portfolios in the world. It operates through four business segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management.
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