GATX Co. (NYSE:GATX) Shares Sold by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division lessened its holdings in GATX Co. (NYSE:GATX) by 7.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,200 shares of the transportation company’s stock after selling 1,000 shares during the period. Central Pacific Bank Trust Division’s holdings in GATX were worth $2,050,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its stake in GATX by 25.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,230 shares of the transportation company’s stock worth $500,000 after buying an additional 665 shares during the period. GTS Securities LLC purchased a new stake in GATX during the 4th quarter worth $230,000. Orion Capital Management LLC purchased a new stake in GATX during the 4th quarter worth $39,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in GATX by 26.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 114,866 shares of the transportation company’s stock worth $17,800,000 after buying an additional 24,093 shares during the period. Finally, Voloridge Investment Management LLC increased its stake in GATX by 77.0% during the 4th quarter. Voloridge Investment Management LLC now owns 62,837 shares of the transportation company’s stock worth $9,737,000 after buying an additional 27,342 shares during the period. Hedge funds and other institutional investors own 93.14% of the company’s stock.

GATX Price Performance

GATX opened at $146.22 on Friday. The company has a 50-day moving average of $148.01 and a 200-day moving average of $155.27. The company has a market capitalization of $5.22 billion, a P/E ratio of 18.82 and a beta of 1.18. GATX Co. has a 1-year low of $127.00 and a 1-year high of $168.89. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.41 and a current ratio of 2.77.

GATX (NYSE:GATX) last released its earnings results on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.06. GATX had a net margin of 17.92% and a return on equity of 12.07%. The company had revenue of $421.60 million during the quarter, compared to the consensus estimate of $417.06 million. During the same quarter in the previous year, the firm earned $2.01 EPS. The company’s revenue was up 11.0% on a year-over-year basis. Equities analysts expect that GATX Co. will post 8.5 EPS for the current fiscal year.

GATX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Friday, June 13th. GATX’s dividend payout ratio (DPR) is presently 30.93%.

Analysts Set New Price Targets

GATX has been the topic of several analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of GATX in a research note on Wednesday, April 23rd. Susquehanna dropped their price target on shares of GATX from $165.00 to $160.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th.

GATX Company 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.