Envestnet Asset Management Inc. Boosts Position in GATX Co. (NYSE:GATX)

Envestnet Asset Management Inc. boosted its holdings in shares of GATX Co. (NYSE:GATX - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 211,424 shares of the transportation company's stock after acquiring an additional 2,974 shares during the period. Envestnet Asset Management Inc. owned 0.60% of GATX worth $32,762,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. HighTower Advisors LLC grew its position in GATX by 0.6% in the third quarter. HighTower Advisors LLC now owns 10,692 shares of the transportation company's stock worth $1,418,000 after acquiring an additional 68 shares during the period. State Street Corp lifted its stake in shares of GATX by 0.6% in the 3rd quarter. State Street Corp now owns 1,294,895 shares of the transportation company's stock valued at $171,509,000 after purchasing an additional 7,585 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of GATX by 4.2% during the 3rd quarter. MML Investors Services LLC now owns 10,983 shares of the transportation company's stock worth $1,455,000 after purchasing an additional 441 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of GATX by 144.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,570 shares of the transportation company's stock worth $208,000 after purchasing an additional 928 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in GATX by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 849,603 shares of the transportation company's stock valued at $112,550,000 after buying an additional 12,571 shares during the period. Institutional investors and hedge funds own 93.14% of the company's stock.

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GATX Trading Down 0.9 %

Shares of GATX traded down $1.27 during trading on Tuesday, reaching $147.19. 134,582 shares of the company traded hands, compared to its average volume of 160,987. The stock has a 50-day simple moving average of $156.68 and a 200-day simple moving average of $153.40. The stock has a market cap of $5.25 billion, a PE ratio of 18.94 and a beta of 1.00. GATX Co. has a twelve month low of $122.00 and a twelve month high of $168.89. The company has a quick ratio of 3.41, a current ratio of 2.77 and a debt-to-equity ratio of 3.37.

GATX (NYSE:GATX - Get Free Report) last announced its earnings results 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 return on equity of 12.07% and a net margin of 17.92%. During the same period last year, the business earned $1.74 EPS. On average, analysts anticipate that GATX Co. will post 8.5 earnings per share for the current year.

GATX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from GATX's previous quarterly dividend of $0.58. This represents a $2.44 dividend on an annualized basis and a yield of 1.66%. GATX's dividend payout ratio is 31.40%.

Insider Activity

In related news, SVP Jeffery R. Young sold 297 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $164.63, for a total value of $48,895.11. Following the sale, the senior vice president now owns 7,362 shares of the company's stock, valued at $1,212,006.06. This trade represents a 3.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert Zmudka sold 4,800 shares of the firm's 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 owns 7,493 shares in the company, valued at $1,227,578.19. The trade was a 39.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.17% of the company's stock.

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.