Envestnet Asset Management Inc. Has $31.71 Million Position in GATX Corporation (NYSE:GATX)

Envestnet Asset Management Inc. trimmed its position in shares of GATX Corporation (NYSE:GATX - Free Report) by 3.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 204,210 shares of the transportation company's stock after selling 7,214 shares during the quarter. Envestnet Asset Management Inc. owned 0.57% of GATX worth $31,708,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Assetmark Inc. raised its holdings in GATX by 60.4% during the 4th quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock worth $28,000 after buying an additional 67 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of GATX during the fourth quarter worth $4,562,000. Raymond James Financial Inc. bought a new stake in shares of GATX during the fourth quarter worth $5,391,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of GATX by 5.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,709 shares of the transportation company's stock worth $1,195,000 after acquiring an additional 365 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in GATX in the 4th quarter valued at $816,000. Institutional investors and hedge funds own 93.14% of the company's stock.

Insider Activity

In other GATX news, EVP Paul F. Titterton sold 18,700 shares of the company's stock in a transaction that occurred on 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 directly owned 3,468 shares in the company, valued at approximately $537,262.56. This represents a 34.17% 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.

GATX Stock Down 2.7%

GATX stock traded down $4.22 during mid-day trading on Tuesday, reaching $154.78. The company's stock had a trading volume of 184,406 shares, compared to its average volume of 170,197. The company has a debt-to-equity ratio of 3.43, a quick ratio of 4.14 and a current ratio of 4.14. GATX Corporation has a 12 month low of $127.70 and a 12 month high of $168.89. The business's 50 day simple moving average is $152.69 and its 200 day simple moving average is $154.54. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 19.62 and a beta of 1.16.

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

GATX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date was Friday, June 13th. GATX's dividend payout ratio (DPR) is presently 30.93%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Susquehanna lowered their target price on GATX from $165.00 to $160.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. The Goldman Sachs Group reiterated 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.