Retirement Systems of Alabama Has $5.73 Million Stock Position in GATX Co. (NYSE:GATX)

Retirement Systems of Alabama lessened its position in shares of GATX Co. (NYSE:GATX) by 1.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 43,245 shares of the transportation company’s stock after selling 694 shares during the quarter. Retirement Systems of Alabama’s holdings in GATX were worth $5,728,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in GATX. Natixis Advisors LLC grew its holdings in GATX by 2.2% during the 3rd quarter. Natixis Advisors LLC now owns 167,651 shares of the transportation company’s stock worth $22,206,000 after acquiring an additional 3,580 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of GATX by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 474,729 shares of the transportation company’s stock worth $62,878,000 after purchasing an additional 17,255 shares during the last quarter. State Street Corp grew its stake in shares of GATX by 0.6% during the third quarter. State Street Corp now owns 1,294,895 shares of the transportation company’s stock worth $171,509,000 after purchasing an additional 7,585 shares during the period. American Century Companies Inc. increased its holdings in GATX by 16.9% in the second quarter. American Century Companies Inc. now owns 831,625 shares of the transportation company’s stock valued at $110,074,000 after purchasing an additional 120,149 shares during the last quarter. Finally, Seven Eight Capital LP acquired a new position in GATX in the second quarter valued at about $487,000. Institutional investors own 93.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Sidoti lowered GATX from a “buy” rating to a “neutral” rating and set a $158.00 target price for the company. in a research report on Wednesday, December 4th. The Goldman Sachs Group began coverage on shares of GATX in a research note on Monday, November 18th. They set a “buy” rating and a $185.00 price objective on the stock. Finally, Susquehanna upped their target price on shares of GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, GATX has a consensus rating of “Hold” and an average target price of $151.80.

Insider Buying and Selling

In other news, major shareholder Farm Mutual Automobile I. State bought 8,984 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The shares were acquired at an average price of $133.65 per share, with a total value of $1,200,711.60. Following the transaction, the insider now owns 3,312,294 shares in the company, valued at $442,688,093.10. This represents a 0.27 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.80% of the company’s stock.

GATX Stock Down 3.7 %

Shares of GATX stock opened at $155.21 on Thursday. GATX Co. has a 1 year low of $114.78 and a 1 year high of $167.74. The company has a debt-to-equity ratio of 3.41, a current ratio of 3.41 and a quick ratio of 3.41. The company has a market capitalization of $5.51 billion, a P/E ratio of 20.75 and a beta of 0.99. The business has a 50-day moving average of $150.16 and a two-hundred day moving average of $140.92.

GATX (NYSE:GATX) last posted its earnings results on Tuesday, October 22nd. The transportation company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.54. GATX had a return on equity of 11.98% and a net margin of 17.76%. The business had revenue of $405.40 million during the quarter, compared to analysts’ expectations of $391.65 million. During the same period in the prior year, the business earned $1.44 EPS. GATX’s revenue for the quarter was up 12.6% compared to the same quarter last year. As a group, equities analysts predict that GATX Co. will post 7.6 EPS for the current year.

GATX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.58 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.32 annualized dividend and a yield of 1.49%. GATX’s dividend payout ratio is currently 31.02%.

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.