Allspring Global Investments Holdings LLC Has $6.94 Million Stock Position in GATX Corporation (NYSE:GATX)

Allspring Global Investments Holdings LLC increased its stake in GATX Corporation (NYSE:GATX) by 10.8% in the first quarter, Holdings Channel.com reports. The firm owned 44,374 shares of the transportation company’s stock after purchasing an additional 4,343 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in GATX were worth $6,939,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of GATX by 0.5% in the 4th 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 lifted its stake in GATX by 1.2% in the fourth quarter. Earnest Partners LLC now owns 3,113,589 shares of the transportation company’s stock valued at $482,482,000 after acquiring an additional 35,890 shares during the last quarter. American Century Companies Inc. grew its position in shares of GATX by 12.1% in 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 acquiring an additional 118,306 shares during the period. Wellington Management Group LLP increased its position in GATX by 1.7% during the fourth quarter. Wellington Management Group LLP now owns 1,021,743 shares of the transportation company’s stock worth $158,329,000 after buying an additional 17,273 shares during the last quarter. Finally, Sei Investments Co. raised its stake in GATX by 6.6% in the fourth quarter. Sei Investments Co. now owns 902,691 shares of the transportation company’s stock valued at $139,881,000 after buying an additional 56,041 shares during the period. 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 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 completion of the transaction, the executive vice president directly owned 10,468 shares in the company, valued at $1,639,916.88. The trade was a 64.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Jennifer Mcmanus sold 1,800 shares of the business’s stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $154.92, for a total value of $278,856.00. Following the transaction, the vice president directly owned 3,468 shares of the company’s stock, valued at $537,262.56. This trade represents a 34.17% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.17% of the company’s stock.

GATX Price Performance

NYSE:GATX opened at $159.50 on Friday. GATX Corporation has a 52 week low of $127.70 and a 52 week high of $168.89. 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 firm’s 50-day simple moving average is $151.43 and its 200 day simple moving average is $154.50. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 20.22 and a beta of 1.16.

GATX (NYSE:GATX) last announced 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. The company had revenue of $421.60 million for 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 business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the firm earned $2.01 earnings per share. As a group, sell-side analysts predict that GATX Corporation will post 8.5 earnings per share for the current year.

GATX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Friday, June 13th. GATX’s dividend payout ratio (DPR) is presently 30.93%.

Analyst Ratings Changes

A number of research firms recently weighed in on GATX. Susquehanna decreased their target price on GATX from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group reissued a “buy” rating on shares of GATX in a report on Wednesday, April 23rd.

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.