Allspring Global Investments Holdings LLC Has $6.09 Million Stock Holdings in GATX Co. (NYSE:GATX)

Allspring Global Investments Holdings LLC boosted its holdings in shares of GATX Co. (NYSE:GATX) by 44.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 40,031 shares of the transportation company’s stock after acquiring an additional 12,342 shares during the period. Allspring Global Investments Holdings LLC’s holdings in GATX were worth $6,085,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. UMB Bank n.a. boosted its position in shares of GATX by 91.8% during the fourth quarter. UMB Bank n.a. now owns 163 shares of the transportation company’s stock worth $25,000 after purchasing an additional 78 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of GATX by 184.6% during the fourth quarter. Versant Capital Management Inc now owns 259 shares of the transportation company’s stock worth $40,000 after purchasing an additional 168 shares in the last quarter. CWM LLC lifted its position in GATX by 20.2% in the 3rd quarter. CWM LLC now owns 487 shares of the transportation company’s stock valued at $65,000 after acquiring an additional 82 shares in the last quarter. Mather Group LLC. lifted its position in GATX by 36.0% in the 4th quarter. Mather Group LLC. now owns 423 shares of the transportation company’s stock valued at $66,000 after acquiring an additional 112 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in GATX by 872.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 564 shares of the transportation company’s stock valued at $75,000 after acquiring an additional 506 shares in the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

Insider Buying and Selling at GATX

In other news, VP Robert Zmudka sold 4,800 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $163.83, for a total transaction of $786,384.00. Following the completion of the sale, the vice president now directly owns 7,493 shares in the company, valued at $1,227,578.19. This represents a 39.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jeffery R. Young sold 297 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $164.63, for a total transaction of $48,895.11. Following the sale, the senior vice president now owns 7,362 shares of the company’s stock, valued at approximately $1,212,006.06. This trade represents a 3.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on GATX. Sidoti cut shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 price objective on the stock. in a research report on Wednesday, December 4th. The Goldman Sachs Group started coverage on shares of GATX in a research note on Monday, November 18th. They set a “buy” rating and a $185.00 price objective on the stock.

GATX Stock Performance

NYSE GATX opened at $165.79 on Thursday. The company has a quick ratio of 3.41, a current ratio of 2.77 and a debt-to-equity ratio of 3.37. The company has a market capitalization of $5.89 billion, a P/E ratio of 21.34 and a beta of 0.99. GATX Co. has a 12-month low of $122.00 and a 12-month high of $168.89. The firm has a 50-day moving average price of $159.34 and a two-hundred day moving average price of $148.41.

GATX (NYSE:GATX) last posted its quarterly earnings data on Thursday, January 23rd. The transportation company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.25. GATX had a net margin of 17.92% and a return on equity of 12.07%. During the same period in the prior year, the company posted $1.74 earnings per share. Analysts anticipate that GATX Co. will post 8.5 earnings per share for the current year.

GATX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a $0.61 dividend. This is an increase from GATX’s previous quarterly dividend of $0.58. The ex-dividend date is Friday, February 28th. This represents a $2.44 annualized dividend and a yield of 1.47%. GATX’s dividend payout ratio is presently 29.86%.

About GATX

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.