Prudential Financial Inc. Decreases Stock Position in GATX Co. (NYSE:GATX)

Prudential Financial Inc. cut its holdings in GATX Co. (NYSE:GATX) by 24.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 75,432 shares of the transportation company’s stock after selling 24,338 shares during the quarter. Prudential Financial Inc. owned about 0.21% of GATX worth $5,981,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GATX. Motco purchased a new position in shares of GATX in the second quarter worth about $26,000. Steward Partners Investment Advisory LLC purchased a new position in shares of GATX in the second quarter worth about $41,000. ETF Managers Group LLC raised its stake in shares of GATX by 10.0% in the first quarter. ETF Managers Group LLC now owns 2,115 shares of the transportation company’s stock worth $162,000 after purchasing an additional 192 shares during the last quarter. Teza Capital Management LLC purchased a new position in shares of GATX in the second quarter worth about $212,000. Finally, Arden Trust Co purchased a new position in shares of GATX in the second quarter worth about $216,000.

In related news, VP Robert Zmudka sold 2,134 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $75.94, for a total transaction of $162,055.96. Following the sale, the vice president now directly owns 9,564 shares of the company’s stock, valued at $726,290.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robert C. Lyons sold 3,895 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $74.00, for a total value of $288,230.00. Following the sale, the executive vice president now directly owns 66,663 shares in the company, valued at $4,933,062. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,075 shares of company stock worth $996,108. 3.72% of the stock is owned by corporate insiders.

Shares of NYSE:GATX traded down $0.49 during trading on Thursday, hitting $80.02. The stock had a trading volume of 7,316 shares, compared to its average volume of 231,480. GATX Co. has a 12-month low of $67.46 and a 12-month high of $89.94. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 1.01 and a beta of 1.50. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 2.90. The stock has a 50-day simple moving average of $75.06 and a two-hundred day simple moving average of $75.89.

GATX (NYSE:GATX) last announced its quarterly earnings data on Thursday, July 18th. The transportation company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.46. GATX had a return on equity of 10.21% and a net margin of 14.88%. The firm had revenue of $359.40 million during the quarter, compared to analysts’ expectations of $355.00 million. During the same period last year, the business posted $1.16 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, sell-side analysts forecast that GATX Co. will post 5.11 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.30%. The ex-dividend date is Thursday, September 12th. GATX’s dividend payout ratio (DPR) is 35.25%.

About GATX

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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Institutional Ownership by Quarter for GATX (NYSE:GATX)

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