Russell Investments Group Ltd. Sells 518 Shares of GATX Co. (NYSE:GATX)

Russell Investments Group Ltd. trimmed its position in shares of GATX Co. (NYSE:GATX) by 30.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,171 shares of the transportation company’s stock after selling 518 shares during the quarter. Russell Investments Group Ltd.’s holdings in GATX were worth $141,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Orion Capital Management LLC bought a new stake in GATX during the 3rd quarter worth approximately $27,000. GAMMA Investing LLC bought a new stake in shares of GATX in the fourth quarter worth $32,000. McGlone Suttner Wealth Management Inc. acquired a new stake in GATX in the fourth quarter valued at $36,000. Headinvest LLC bought a new position in GATX during the 3rd quarter worth $33,000. Finally, Bruce G. Allen Investments LLC acquired a new position in GATX during the 4th quarter worth about $42,000. 93.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

GATX Price Performance

GATX stock opened at $135.00 on Friday. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 3.28. The company’s fifty day simple moving average is $131.22 and its 200 day simple moving average is $123.61. GATX Co. has a 12-month low of $97.21 and a 12-month high of $141.24. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 19.23 and a beta of 1.00.

GATX (NYSE:GATX) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.72 by $0.29. The company had revenue of $379.90 million for the quarter, compared to analyst estimates of $375.80 million. GATX had a return on equity of 11.29% and a net margin of 17.64%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.20 EPS. On average, analysts expect that GATX Co. will post 7.61 earnings per share for the current year.

GATX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 30th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.32 annualized dividend and a yield of 1.72%. GATX’s payout ratio is 33.05%.

Insiders Place Their Bets

In other GATX news, VP Robert Zmudka sold 4,800 shares of GATX stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $139.66, for a total transaction of $670,368.00. Following the completion of the transaction, the vice president now owns 7,493 shares in the company, valued at approximately $1,046,472.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other GATX news, VP Robert Zmudka sold 4,800 shares of GATX stock in a transaction on Monday, May 20th. The shares were sold at an average price of $139.66, for a total transaction of $670,368.00. Following the transaction, the vice president now directly owns 7,493 shares of the company’s stock, valued at approximately $1,046,472.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anne L. Arvia sold 1,000 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $131.98, for a total transaction of $131,980.00. Following the completion of the sale, the director now owns 32,477 shares of the company’s stock, valued at approximately $4,286,314.46. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,000 shares of company stock worth $2,351,104. Insiders own 1.80% of the company’s stock.

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.