Allspring Global Investments Holdings LLC Acquires 4,343 Shares of GATX Corporation (NYSE:GATX)

Allspring Global Investments Holdings LLC increased its holdings in shares of GATX Corporation (NYSE:GATX - Free Report) by 10.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 44,374 shares of the transportation company's stock after purchasing an additional 4,343 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.12% of GATX worth $6,939,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in GATX. GAMMA Investing LLC grew its position in GATX by 337.8% in the 1st quarter. GAMMA Investing LLC now owns 2,294 shares of the transportation company's stock worth $356,000 after purchasing an additional 1,770 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in GATX by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 478,214 shares of the transportation company's stock worth $74,104,000 after buying an additional 3,485 shares in the last quarter. SG Americas Securities LLC bought a new position in GATX during the first quarter valued at about $1,235,000. JPMorgan Chase & Co. raised its holdings in GATX by 81.7% in the 4th quarter. JPMorgan Chase & Co. now owns 168,747 shares of the transportation company's stock valued at $26,149,000 after acquiring an additional 75,886 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in GATX by 3.3% in the 4th quarter. Wells Fargo & Company MN now owns 139,925 shares of the transportation company's stock valued at $21,683,000 after acquiring an additional 4,440 shares in the last quarter. Institutional investors own 93.14% of the company's stock.

Insider Activity at GATX

In other GATX 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 transaction of $278,856.00. Following the transaction, the vice president owned 3,468 shares in the company, valued at approximately $537,262.56. This trade represents a 34.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paul F. Titterton sold 18,700 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $156.66, for a total transaction of $2,929,542.00. Following the completion of the sale, the executive vice president owned 10,468 shares in the company, valued at $1,639,916.88. This represents a 64.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.17% of the stock is owned by insiders.

Analysts Set New Price Targets

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

GATX Trading Up 0.6%

Shares of GATX opened at $159.50 on Friday. The company has a debt-to-equity ratio of 3.43, a quick ratio of 4.14 and a current ratio of 4.14. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 20.22 and a beta of 1.16. The stock has a fifty day moving average price of $151.43 and a two-hundred day moving average price of $154.50. GATX Corporation has a 52-week low of $127.70 and a 52-week high of $168.89.

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

GATX Dividend Announcement

The firm also recently announced 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 1.53%. The ex-dividend date was Friday, June 13th. GATX's dividend payout ratio (DPR) is presently 30.93%.

About GATX

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.

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