Allspring Global Investments Holdings LLC Grows Position in GATX Corporation (NYSE:GATX)

Allspring Global Investments Holdings LLC increased its holdings in shares of GATX Corporation (NYSE:GATX - Free Report) by 10.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,374 shares of the transportation company's stock after purchasing an additional 4,343 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.12% of GATX worth $6,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of GATX. Norges Bank bought a new position in shares of GATX during the fourth quarter valued at $55,496,000. GAMMA Investing LLC lifted its holdings in shares of GATX by 67,875.0% during the first quarter. GAMMA Investing LLC now owns 356,189 shares of the transportation company's stock valued at $55,305,000 after purchasing an additional 355,665 shares in the last quarter. Ensign Peak Advisors Inc lifted its holdings in shares of GATX by 2,826.7% during the fourth quarter. Ensign Peak Advisors Inc now owns 351,264 shares of the transportation company's stock valued at $54,432,000 after purchasing an additional 339,262 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of GATX by 103.4% during the fourth quarter. Ameriprise Financial Inc. now owns 364,492 shares of the transportation company's stock valued at $56,479,000 after purchasing an additional 185,321 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of GATX by 12.1% during the fourth quarter. American Century Companies Inc. now owns 1,099,447 shares of the transportation company's stock valued at $170,370,000 after purchasing an additional 118,306 shares in the last quarter. 93.14% of the stock is owned by institutional investors.

GATX Stock Performance

GATX stock traded up $1.03 during trading on Tuesday, reaching $158.49. The stock had a trading volume of 209,936 shares, compared to its average volume of 171,400. GATX Corporation has a 52 week low of $127.70 and a 52 week high of $168.89. The stock's 50 day moving average is $151.96 and its two-hundred day moving average is $154.52. The company has a current ratio of 4.14, a quick ratio of 4.14 and a debt-to-equity ratio of 3.43. The firm has a market cap of $5.66 billion, a PE ratio of 20.09 and a beta of 1.16.

GATX (NYSE:GATX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.15 EPS for the quarter, topping the consensus estimate of $2.09 by $0.06. GATX had a return on equity of 12.00% and a net margin of 17.73%. The firm had revenue of $421.60 million for the quarter, compared to the consensus estimate of $417.06 million. During the same quarter last year, the company earned $2.01 earnings per share. The business's revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities analysts anticipate that GATX Corporation will post 8.5 earnings per share for the current year.

GATX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Friday, June 13th. GATX's dividend payout ratio (DPR) is currently 30.93%.

Insider Activity

In other news, VP Jennifer Mcmanus sold 1,800 shares of the firm's 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 of the company's stock, valued at $537,262.56. This trade represents a 34.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paul F. Titterton sold 18,700 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was 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 directly owned 10,468 shares in the company, valued at $1,639,916.88. This trade 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 company insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Susquehanna lowered their target price on GATX from $165.00 to $160.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group reissued a "buy" rating on shares of GATX in a report 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.