Louisiana State Employees Retirement System Sells 200 Shares of GATX Co. (GATX)

Louisiana State Employees Retirement System lessened its holdings in GATX Co. (NYSE:GATX) by 2.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,800 shares of the transportation company’s stock after selling 200 shares during the period. Louisiana State Employees Retirement System’s holdings in GATX were worth $748,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of GATX. First Hawaiian Bank grew its stake in GATX by 1.1% during the fourth quarter. First Hawaiian Bank now owns 13,913 shares of the transportation company’s stock worth $985,000 after buying an additional 149 shares during the last quarter. Advisor Group Inc. grew its stake in GATX by 3.3% during the fourth quarter. Advisor Group Inc. now owns 4,773 shares of the transportation company’s stock worth $338,000 after buying an additional 154 shares during the last quarter. Synovus Financial Corp grew its stake in GATX by 1.8% during the fourth quarter. Synovus Financial Corp now owns 10,943 shares of the transportation company’s stock worth $773,000 after buying an additional 192 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in GATX by 0.9% during the fourth quarter. Great West Life Assurance Co. Can now owns 22,839 shares of the transportation company’s stock worth $1,500,000 after buying an additional 197 shares during the last quarter. Finally, Strs Ohio grew its stake in GATX by 6.5% during the fourth quarter. Strs Ohio now owns 3,300 shares of the transportation company’s stock worth $233,000 after buying an additional 200 shares during the last quarter.

In other GATX news, SVP Jeffery R. Young sold 1,273 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $75.89, for a total value of $96,607.97. Following the transaction, the senior vice president now directly owns 5,627 shares of the company’s stock, valued at $427,033.03. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Robert Zmudka sold 1,526 shares of the firm’s stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $76.61, for a total transaction of $116,906.86. The disclosure for this sale can be found here. Insiders have sold 5,022 shares of company stock worth $385,753 over the last three months. 3.72% of the stock is owned by insiders.

Several analysts have weighed in on the stock. Zacks Investment Research raised shares of GATX from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a research note on Tuesday, March 26th. Wells Fargo & Co set a $90.00 price objective on shares of GATX and gave the stock an “outperform” rating in a research note on Wednesday, January 23rd. Finally, Mizuho set a $87.00 price objective on shares of GATX and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $82.00.

GATX opened at $78.26 on Monday. GATX Co. has a one year low of $63.98 and a one year high of $91.12. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.55. The company has a market cap of $2.85 billion, a PE ratio of 14.99, a P/E/G ratio of 1.05 and a beta of 1.51.

GATX (NYSE:GATX) last released its quarterly earnings results on Tuesday, January 22nd. The transportation company reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.10. GATX had a net margin of 15.53% and a return on equity of 10.97%. The business had revenue of $356.40 million for the quarter, compared to analysts’ expectations of $348.64 million. During the same period in the prior year, the firm earned $8.83 earnings per share. GATX’s revenue was up 1.0% compared to the same quarter last year. As a group, equities analysts anticipate that GATX Co. will post 4.99 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Sunday, March 31st. Stockholders of record on Monday, March 4th were paid a dividend of $0.46 per share. This is a boost from GATX’s previous quarterly dividend of $0.44. This represents a $1.84 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Friday, March 1st. GATX’s dividend payout ratio is 35.25%.

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About GATX

GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets worldwide. The company operates through four segments: Rail North America, Rail International, Portfolio Management, and American Steamship Company (ASC). The Rail North America segment primarily leases railcars and locomotives.

Read More: Intrinsic Value and Stock Selection

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Institutional Ownership by Quarter for GATX (NYSE:GATX)

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