Allspring Global Investments Holdings LLC Decreases Stock Holdings in GATX Co. (NYSE:GATX)

Allspring Global Investments Holdings LLC lessened its position in GATX Co. (NYSE:GATX - Free Report) by 25.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,689 shares of the transportation company's stock after selling 9,445 shares during the period. Allspring Global Investments Holdings LLC owned 0.08% of GATX worth $3,667,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets increased its holdings in GATX by 78.5% in the 1st quarter. BNP Paribas Financial Markets now owns 19,186 shares of the transportation company's stock worth $2,572,000 after purchasing an additional 8,435 shares in the last quarter. Kingswood Wealth Advisors LLC increased its stake in shares of GATX by 89.2% in the second quarter. Kingswood Wealth Advisors LLC now owns 8,273 shares of the transportation company's stock valued at $1,095,000 after buying an additional 3,900 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in shares of GATX by 6.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 347,451 shares of the transportation company's stock valued at $45,989,000 after buying an additional 20,985 shares during the period. American Century Companies Inc. increased its stake in shares of GATX by 16.9% in the second quarter. American Century Companies Inc. now owns 831,625 shares of the transportation company's stock valued at $110,074,000 after buying an additional 120,149 shares during the period. Finally, Atria Investments Inc acquired a new stake in shares of GATX in the first quarter valued at about $1,747,000. Institutional investors and hedge funds own 93.14% of the company's stock.

Insider Activity

In related news, major shareholder Farm Mutual Automobile I. State bought 8,984 shares of the company's stock in a transaction dated Wednesday, October 9th. The shares were bought at an average price of $133.65 per share, for a total transaction of $1,200,711.60. Following the completion of the acquisition, the insider now directly owns 3,312,294 shares of the company's stock, valued at $442,688,093.10. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.80% of the company's stock.

GATX Trading Up 0.2 %

NYSE GATX traded up $0.31 during trading hours on Tuesday, hitting $139.43. 93,513 shares of the company's stock were exchanged, compared to its average volume of 150,767. The stock has a 50-day simple moving average of $135.91 and a 200 day simple moving average of $134.81. GATX Co. has a 1-year low of $101.56 and a 1-year high of $151.33. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 19.86 and a beta of 0.95. The company has a current ratio of 3.41, a quick ratio of 4.97 and a debt-to-equity ratio of 3.41.

GATX (NYSE:GATX - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.54. The business had revenue of $405.40 million for the quarter, compared to analyst estimates of $391.65 million. GATX had a return on equity of 11.98% and a net margin of 17.76%. The company's quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.44 earnings per share. On average, equities analysts forecast that GATX Co. will post 7.6 EPS for the current fiscal year.

GATX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.58 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.66%. GATX's dividend payout ratio is presently 33.05%.

Analysts Set New Price Targets

Separately, Susquehanna increased their price target on GATX from $122.00 to $140.00 and gave the company a "neutral" rating in a research note on Monday, October 21st.

GATX 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.