AE Wealth Management LLC Has $620,000 Position in GATX Corporation (NYSE:GATX)

AE Wealth Management LLC lowered its holdings in shares of GATX Corporation (NYSE:GATX - Free Report) by 32.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,992 shares of the transportation company's stock after selling 1,922 shares during the quarter. AE Wealth Management LLC's holdings in GATX were worth $620,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Legato Capital Management LLC raised its position in GATX by 71.0% in the 1st quarter. Legato Capital Management LLC now owns 6,566 shares of the transportation company's stock valued at $1,020,000 after buying an additional 2,727 shares during the last quarter. Allianz Asset Management GmbH bought a new position in GATX in the first quarter valued at approximately $209,000. Forum Financial Management LP bought a new position in GATX in the first quarter valued at approximately $208,000. Triasima Portfolio Management inc. bought a new position in GATX in the first quarter valued at approximately $2,249,000. Finally, CWM LLC grew its stake in GATX by 12.7% in the first quarter. CWM LLC now owns 621 shares of the transportation company's stock valued at $96,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds own 93.14% of the company's stock.

Insider Transactions at GATX

In other GATX news, VP Jennifer Mcmanus sold 1,800 shares of GATX stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $154.92, for a total value of $278,856.00. Following the transaction, the vice president owned 3,468 shares in the company, valued at $537,262.56. The trade was a 34.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Paul F. Titterton sold 18,700 shares of GATX stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $156.66, for a total value of $2,929,542.00. Following the completion of the transaction, the executive vice president owned 10,468 shares in the company, valued at approximately $1,639,916.88. This represents a 64.11% decrease in their position. The disclosure for this sale can be found here. 2.17% of the stock is owned by insiders.

GATX Stock Performance

NYSE:GATX traded up $1.11 during mid-day trading on Wednesday, hitting $155.29. 281,047 shares of the stock were exchanged, compared to its average volume of 154,240. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of 17.77 and a beta of 1.16. The firm's 50-day simple moving average is $154.26 and its 200 day simple moving average is $154.65. The company has a debt-to-equity ratio of 3.31, a quick ratio of 4.14 and a current ratio of 4.28. GATX Corporation has a fifty-two week low of $127.69 and a fifty-two week high of $168.89.

GATX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.57%. GATX's payout ratio is 30.93%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Susquehanna decreased their price target on GATX from $165.00 to $160.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. The Goldman Sachs Group restated a "buy" rating on shares of GATX in a research note on Wednesday, April 23rd.

GATX 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.