Wells Fargo & Company MN lessened its position in shares of GATX Co. (NYSE:GATX) by 4.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,034 shares of the transportation company’s stock after selling 4,575 shares during the quarter. Wells Fargo & Company MN owned about 0.30% of GATX worth $8,487,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of GATX. Geode Capital Management LLC lifted its stake in shares of GATX by 7.8% during the fourth quarter. Geode Capital Management LLC now owns 400,121 shares of the transportation company’s stock valued at $28,332,000 after acquiring an additional 29,097 shares during the period. First Republic Investment Management Inc. lifted its stake in shares of GATX by 21.4% during the first quarter. First Republic Investment Management Inc. now owns 5,302 shares of the transportation company’s stock valued at $405,000 after acquiring an additional 933 shares during the period. Rhumbline Advisers lifted its stake in shares of GATX by 0.4% during the first quarter. Rhumbline Advisers now owns 117,733 shares of the transportation company’s stock valued at $8,991,000 after acquiring an additional 522 shares during the period. Texas Permanent School Fund lifted its stake in shares of GATX by 1.0% during the first quarter. Texas Permanent School Fund now owns 24,851 shares of the transportation company’s stock valued at $1,898,000 after acquiring an additional 246 shares during the period. Finally, Victory Capital Management Inc. acquired a new position in shares of GATX during the first quarter valued at $1,242,000.
In related news, VP Robert Zmudka sold 2,134 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $75.94, for a total value of $162,055.96. Following the completion of the sale, the vice president now owns 9,564 shares in the company, valued at $726,290.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP William M. Muckian sold 5,806 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $77.96, for a total value of $452,635.76. Following the completion of the sale, the vice president now owns 11,660 shares of the company’s stock, valued at approximately $909,013.60. The disclosure for this sale can be found here. Insiders sold 13,075 shares of company stock valued at $996,108 in the last quarter. 3.72% of the stock is currently owned by corporate insiders.
GATX (NYSE:GATX) last released its quarterly earnings data on Thursday, July 18th. The transportation company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.46. The business had revenue of $359.40 million during the quarter, compared to the consensus estimate of $355.00 million. GATX had a return on equity of 10.21% and a net margin of 14.88%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.16 earnings per share. As a group, equities research analysts expect that GATX Co. will post 5.11 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $0.46 dividend. The ex-dividend date is Thursday, September 12th. This represents a $1.84 dividend on an annualized basis and a yield of 2.25%. GATX’s dividend payout ratio is presently 35.25%.
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.
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