New York State Teachers Retirement System lowered its position in GATX Co. (NYSE:GATX) by 3.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,013 shares of the transportation company’s stock after selling 2,500 shares during the quarter. New York State Teachers Retirement System owned 0.20% of GATX worth $5,868,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in shares of GATX in the 4th quarter worth about $23,703,000. Ellis Investment Partners LLC bought a new stake in shares of GATX in the 1st quarter worth about $65,000. Federated Investors Inc. PA increased its position in shares of GATX by 428.9% in the 1st quarter. Federated Investors Inc. PA now owns 61,356 shares of the transportation company’s stock worth $4,686,000 after purchasing an additional 49,755 shares during the last quarter. Geode Capital Management LLC increased its position in shares of GATX by 7.8% in the 4th quarter. Geode Capital Management LLC now owns 400,121 shares of the transportation company’s stock worth $28,332,000 after purchasing an additional 29,097 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of GATX by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,117,019 shares of the transportation company’s stock worth $220,718,000 after purchasing an additional 25,945 shares during the last quarter.
In related news, VP James M. Conniff sold 1,240 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $75.15, for a total transaction of $93,186.00. Following the completion of the sale, the vice president now owns 6,800 shares of the company’s stock, valued at approximately $511,020. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP William M. Muckian sold 5,806 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $77.96, for a total transaction of $452,635.76. Following the sale, the vice president now directly owns 11,660 shares of the company’s stock, valued at approximately $909,013.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,246 shares of company stock valued at $861,368. Insiders own 3.72% of the company’s stock.
GATX (NYSE:GATX) last announced its quarterly earnings data on Thursday, July 18th. The transportation company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.46. GATX had a net margin of 14.88% and a return on equity of 10.21%. The business had revenue of $359.40 million during the quarter, compared to the consensus estimate of $355.00 million. During the same quarter in the prior year, the firm earned $1.16 EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, research analysts anticipate that GATX Co. will post 5.06 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Thursday, September 12th. GATX’s dividend payout ratio is presently 35.25%.
Separately, Zacks Investment Research downgraded shares of GATX from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th.
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.
See Also: Diluted Earnings Per Share
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