Allspring Global Investments Holdings LLC Acquires 12,342 Shares of GATX Co. (NYSE:GATX)

Allspring Global Investments Holdings LLC raised its position in shares of GATX Co. (NYSE:GATX - Free Report) by 44.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,031 shares of the transportation company's stock after purchasing an additional 12,342 shares during the period. Allspring Global Investments Holdings LLC owned 0.11% of GATX worth $6,085,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GATX. Savant Capital LLC raised its holdings in shares of GATX by 4.6% in the 4th quarter. Savant Capital LLC now owns 1,584 shares of the transportation company's stock worth $245,000 after purchasing an additional 69 shares in the last quarter. Stephens Inc. AR purchased a new position in shares of GATX in the fourth quarter worth approximately $228,000. EULAV Asset Management increased its position in shares of GATX by 125.0% in the fourth quarter. EULAV Asset Management now owns 37,800 shares of the transportation company's stock worth $5,857,000 after acquiring an additional 21,000 shares in the last quarter. Mather Group LLC. grew its position in GATX by 36.0% during the fourth quarter. Mather Group LLC. now owns 423 shares of the transportation company's stock valued at $66,000 after purchasing an additional 112 shares in the last quarter. Finally, Longboard Asset Management LP purchased a new position in GATX during the fourth quarter valued at approximately $212,000. 93.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at GATX

In related news, VP Robert Zmudka sold 4,800 shares of the company's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $163.83, for a total transaction of $786,384.00. Following the sale, the vice president now owns 7,493 shares in the company, valued at $1,227,578.19. This represents a 39.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeffery R. Young sold 297 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $164.63, for a total value of $48,895.11. Following the transaction, the senior vice president now directly owns 7,362 shares in the company, 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 1.80% of the company's stock.

GATX Stock Down 1.6 %

NYSE GATX traded down $2.68 on Friday, hitting $161.58. The stock had a trading volume of 40,852 shares, compared to its average volume of 138,405. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.77 and a quick ratio of 3.41. GATX Co. has a 52-week low of $122.00 and a 52-week high of $168.89. The stock has a market cap of $5.74 billion, a price-to-earnings ratio of 20.78 and a beta of 0.99. The business's fifty day moving average price is $159.38 and its 200 day moving average price is $148.52.

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, topping 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 quarter last year, the company earned $1.74 EPS. Equities research analysts anticipate that GATX Co. will post 8.5 earnings per share for the current year.

GATX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.51%. This is a boost from GATX's previous quarterly dividend of $0.58. The ex-dividend date is Friday, February 28th. GATX's payout ratio is presently 29.86%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Sidoti cut shares of GATX from a "buy" rating to a "neutral" rating and set a $158.00 price objective for the company. in a research note on Wednesday, December 4th. The Goldman Sachs Group began coverage on GATX in a report on Monday, November 18th. They set a "buy" rating and a $185.00 target price on the 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.