Envestnet Asset Management Inc. Reduces Position in GATX Corporation (NYSE:GATX)

Envestnet Asset Management Inc. lowered its stake in shares of GATX Corporation (NYSE:GATX - Free Report) by 3.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 204,210 shares of the transportation company's stock after selling 7,214 shares during the quarter. Envestnet Asset Management Inc. owned about 0.57% of GATX worth $31,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Assetmark Inc. lifted its stake in shares of GATX by 60.4% in the fourth quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock worth $28,000 after buying an additional 67 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of GATX in the first quarter worth approximately $30,000. Brown Brothers Harriman & Co. bought a new position in shares of GATX in the fourth quarter worth approximately $39,000. Orion Capital Management LLC bought a new position in shares of GATX in the fourth quarter worth approximately $39,000. Finally, UMB Bank n.a. lifted its stake in shares of GATX by 101.2% in the first quarter. UMB Bank n.a. now owns 328 shares of the transportation company's stock worth $51,000 after buying an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 93.14% of the company's stock.

Analyst Upgrades and Downgrades

GATX has been the topic of a number of research analyst reports. The Goldman Sachs Group restated a "buy" rating on shares of GATX in a research report on Wednesday, April 23rd. Susquehanna lowered their price objective on shares of GATX from $165.00 to $160.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th.

GATX Price Performance

GATX traded down $1.38 during trading on Friday, hitting $154.63. 53,452 shares of the company traded hands, compared to its average volume of 169,115. The company has a market cap of $5.52 billion, a PE ratio of 19.60 and a beta of 1.16. The stock's 50-day simple moving average is $153.52 and its two-hundred day simple moving average is $154.58. GATX Corporation has a 1 year low of $127.70 and a 1 year high of $168.89. The company has a current ratio of 4.14, a quick ratio of 4.14 and a debt-to-equity ratio of 3.43.

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

GATX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a dividend of $0.61 per share. The ex-dividend date was Friday, June 13th. This represents a $2.44 dividend on an annualized basis and a yield of 1.58%. GATX's payout ratio is 30.93%.

Insider Transactions at GATX

In other GATX news, EVP Paul F. Titterton sold 18,700 shares of GATX 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 directly owned 10,468 shares in the company, valued at approximately $1,639,916.88. The trade was a 64.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Jennifer Mcmanus sold 1,800 shares of GATX stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $154.92, for a total transaction of $278,856.00. Following the sale, the vice president owned 3,468 shares of the company's stock, valued at approximately $537,262.56. The trade was a 34.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.17% 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.