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Vaughan Nelson Investment Management L.P. Buys 19,580 Shares of GATX Corporation (NYSE:GATX)

GATX logo with Transportation background

Vaughan Nelson Investment Management L.P. boosted its stake in shares of GATX Corporation (NYSE:GATX - Free Report) by 7.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 284,465 shares of the transportation company's stock after buying an additional 19,580 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.80% of GATX worth $44,168,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GATX. Vanguard Group Inc. increased its holdings in shares of GATX by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 3,949,889 shares of the transportation company's stock valued at $612,075,000 after acquiring an additional 17,885 shares in the last quarter. Earnest Partners LLC grew its position in GATX by 1.2% during the 4th quarter. Earnest Partners LLC now owns 3,113,589 shares of the transportation company's stock valued at $482,482,000 after purchasing an additional 35,890 shares during the last quarter. American Century Companies Inc. increased its stake in GATX by 12.1% during the 4th 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. Wellington Management Group LLP increased its stake in GATX by 1.7% during the 4th quarter. Wellington Management Group LLP now owns 1,021,743 shares of the transportation company's stock valued at $158,329,000 after purchasing an additional 17,273 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in GATX by 6.6% in the fourth quarter. Sei Investments Co. now owns 902,691 shares of the transportation company's stock worth $139,881,000 after buying an additional 56,041 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company's stock.

Insider Transactions at GATX

In other news, VP Jennifer Mcmanus sold 1,800 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $154.92, for a total value of $278,856.00. Following the transaction, the vice president now owns 3,468 shares in the company, valued at $537,262.56. This represents a 34.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Paul F. Titterton sold 18,700 shares of the business's 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 sale, the executive vice president now owns 10,468 shares of the company's stock, valued at $1,639,916.88. This trade represents a 64.11% 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.

Wall Street Analysts Forecast Growth

GATX has been the subject of several analyst reports. Susquehanna reduced their price target on shares of GATX from $165.00 to $160.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group reiterated a "buy" rating on shares of GATX in a research note on Wednesday, April 23rd.

Check Out Our Latest Research Report on GATX

GATX Stock Performance

GATX traded up $2.44 during midday trading on Wednesday, hitting $153.95. 99,963 shares of the company traded hands, compared to its average volume of 169,469. The company's 50-day moving average is $149.12 and its 200 day moving average is $155.06. The company has a quick ratio of 4.14, a current ratio of 4.14 and a debt-to-equity ratio of 3.43. The firm has a market capitalization of $5.50 billion, a PE ratio of 19.50 and a beta of 1.19. 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 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 firm had revenue of $421.60 million during the quarter, compared to analysts' expectations of $417.06 million. GATX had a net margin of 17.73% and a return on equity of 12.00%. The firm's quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.01 earnings per share. On average, research analysts expect that GATX Corporation will post 8.5 EPS for the current year.

GATX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.44 annualized dividend and a dividend yield of 1.58%. GATX's payout ratio is 30.93%.

About GATX

(Free Report)

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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Institutional Ownership by Quarter for GATX (NYSE:GATX)

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