American International Group Inc. Sells 1,110 Shares of GATX Co. (NYSE:GATX)

American International Group Inc. lowered its stake in GATX Co. (NYSE:GATX) by 1.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 64,214 shares of the transportation company’s stock after selling 1,110 shares during the period. American International Group Inc.’s holdings in GATX were worth $8,607,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GATX. GAMMA Investing LLC bought a new stake in GATX in the fourth quarter valued at approximately $32,000. McGlone Suttner Wealth Management Inc. bought a new stake in GATX in the fourth quarter valued at approximately $36,000. CWM LLC lifted its position in GATX by 155.7% in the first quarter. CWM LLC now owns 335 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 204 shares during the last quarter. Mather Group LLC. bought a new position in shares of GATX during the first quarter valued at approximately $54,000. Finally, Principal Securities Inc. purchased a new stake in GATX in the fourth quarter worth $97,000. Institutional investors own 93.14% of the company’s stock.

Insider Buying and Selling at GATX

In other GATX news, Director Anne L. Arvia sold 1,000 shares of the firm’s 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 completion of the transaction, the director now owns 32,477 shares of the company’s stock, valued at $4,286,314.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Paul F. Titterton sold 9,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $139.37, for a total transaction of $1,254,330.00. Following the completion of the transaction, the executive vice president now directly owns 11,373 shares in the company, valued at $1,585,055.01. The sale was disclosed in a 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 dated Thursday, May 9th. The stock was sold at an average price of $131.98, for a total value of $131,980.00. Following the completion of the sale, the director now owns 32,477 shares of the company’s stock, valued at $4,286,314.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,800 shares of company stock valued at $2,056,678. 1.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

GATX Trading Up 1.2 %

GATX stock traded up $1.63 on Thursday, reaching $136.38. The company’s stock had a trading volume of 92,248 shares, compared to its average volume of 153,238. The business has a fifty day simple moving average of $135.72 and a two-hundred day simple moving average of $130.41. GATX Co. has a 12-month low of $97.21 and a 12-month high of $151.33. The firm has a market cap of $4.86 billion, a PE ratio of 19.44 and a beta of 0.96. The company has a debt-to-equity ratio of 3.28, a quick ratio of 3.39 and a current ratio of 3.39.

GATX (NYSE:GATX) last announced its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.43 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.39). The firm had revenue of $386.70 million for the quarter, compared to analysts’ expectations of $385.45 million. GATX had a net margin of 15.86% and a return on equity of 10.72%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.73 EPS. As a group, research analysts forecast that GATX Co. will post 7.5 EPS for the current year.

GATX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, June 30th. Shareholders of record on Friday, June 14th were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend was Friday, June 14th. GATX’s dividend payout ratio is currently 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.