New York State Teachers Retirement System Sells 300 Shares of GATX Co. (NYSE:GATX)

New York State Teachers Retirement System decreased its position in GATX Co. (NYSE:GATX) by 0.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 45,922 shares of the transportation company’s stock after selling 300 shares during the period. New York State Teachers Retirement System owned about 0.13% of GATX worth $6,082,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its stake in shares of GATX by 1.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 10,511 shares of the transportation company’s stock worth $1,392,000 after buying an additional 193 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in GATX by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 4,114 shares of the transportation company’s stock worth $544,000 after acquiring an additional 280 shares in the last quarter. International Assets Investment Management LLC acquired a new position in GATX during the third quarter valued at approximately $3,922,000. Blue Trust Inc. grew its stake in GATX by 25.7% in the third quarter. Blue Trust Inc. now owns 4,412 shares of the transportation company’s stock valued at $584,000 after purchasing an additional 903 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of GATX during the 3rd quarter worth approximately $146,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

Insider Transactions at GATX

In other news, major shareholder Farm Mutual Automobile I. State acquired 8,984 shares of the firm’s stock in a transaction on Wednesday, October 9th. The shares were purchased at an average cost of $133.65 per share, with a total value of $1,200,711.60. Following the acquisition, the insider now directly owns 3,312,294 shares in the company, valued at $442,688,093.10. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 1.99% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Susquehanna raised 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.

GATX Price Performance

Shares of NYSE GATX opened at $142.74 on Wednesday. GATX Co. has a twelve month low of $104.88 and a twelve month high of $151.33. The business’s 50 day moving average price is $135.90 and its two-hundred day moving average price is $135.26. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 3.41. The company has a market cap of $5.07 billion, a PE ratio of 19.08 and a beta of 0.95.

GATX (NYSE:GATX) last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.50 EPS for the quarter, beating the consensus estimate of $1.96 by $0.54. The firm had revenue of $405.40 million for the quarter, compared to the consensus estimate of $391.65 million. GATX had a net margin of 17.76% and a return on equity of 11.98%. The company’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.44 earnings per share. On average, analysts predict that GATX Co. will post 7.6 EPS for the current year.

GATX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, December 13th. GATX’s payout ratio is 31.02%.

About GATX

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.