Envestnet Portfolio Solutions Inc. Sells 2,930 Shares of GATX Corporation (NYSE:GATX)

Envestnet Portfolio Solutions Inc. lowered its position in shares of GATX Corporation (NYSE:GATX - Free Report) by 56.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,289 shares of the transportation company's stock after selling 2,930 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in GATX were worth $355,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Assetmark Inc. grew its holdings in shares of GATX by 60.4% in the 4th quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock valued at $28,000 after acquiring an additional 67 shares in the last quarter. Arizona State Retirement System grew its position in shares of GATX by 0.8% in the 4th quarter. Arizona State Retirement System now owns 9,816 shares of the transportation company's stock valued at $1,521,000 after acquiring an additional 77 shares during the period. State of Alaska Department of Revenue increased its stake in shares of GATX by 2.3% during the 1st quarter. State of Alaska Department of Revenue now owns 4,154 shares of the transportation company's stock worth $644,000 after purchasing an additional 95 shares during the last quarter. Rehmann Capital Advisory Group raised its holdings in shares of GATX by 7.2% in the 4th quarter. Rehmann Capital Advisory Group now owns 1,644 shares of the transportation company's stock valued at $255,000 after purchasing an additional 110 shares during the period. Finally, Huntington National Bank boosted its stake in shares of GATX by 54.3% during the 4th quarter. Huntington National Bank now owns 344 shares of the transportation company's stock worth $53,000 after acquiring an additional 121 shares during the period. 93.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Susquehanna dropped 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 reissued a "buy" rating on shares of GATX in a research note on Wednesday, April 23rd.

Insider Activity

In other GATX news, EVP Paul F. Titterton sold 18,700 shares of the firm's 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Jennifer Mcmanus sold 1,800 shares of the company'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 completion of the sale, 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 position. The disclosure for this sale can be found here. 2.17% of the stock is owned by corporate insiders.

GATX Trading Up 1.3%

GATX stock traded up $2.06 during trading hours on Wednesday, hitting $158.21. The stock had a trading volume of 53,674 shares, compared to its average volume of 170,373. The business's 50 day simple moving average is $150.50 and its 200-day simple moving average is $154.50. GATX Corporation has a one year low of $127.70 and a one year high of $168.89. The stock has a market cap of $5.65 billion, a price-to-earnings ratio of 20.08 and a beta of 1.16. The company has a quick ratio of 4.14, a current ratio of 4.14 and a debt-to-equity ratio of 3.43.

GATX (NYSE:GATX - Get Free Report) last posted its earnings results 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 net margin of 17.73% and a return on equity of 12.00%. The business had revenue of $421.60 million for the quarter, compared to the consensus estimate of $417.06 million. During the same period last year, the company earned $2.01 EPS. The firm's revenue was up 11.0% compared to the same quarter last year. On average, equities analysts predict that GATX Corporation will post 8.5 EPS for the current fiscal year.

GATX Dividend Announcement

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

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.