Vaughan Nelson Investment Management L.P. Sells 56,085 Shares of GATX Co. (NYSE:GATX)

Vaughan Nelson Investment Management L.P. trimmed its holdings in shares of GATX Co. (NYSE:GATX - Free Report) by 16.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 291,366 shares of the transportation company's stock after selling 56,085 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 0.82% of GATX worth $38,592,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of GATX by 2.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,528 shares of the transportation company's stock worth $335,000 after purchasing an additional 71 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of GATX by 1.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,560 shares of the transportation company's stock valued at $604,000 after acquiring an additional 78 shares during the period. Hilltop National Bank lifted its position in shares of GATX by 11.2% during the 2nd quarter. Hilltop National Bank now owns 803 shares of the transportation company's stock valued at $106,000 after acquiring an additional 81 shares during the period. CWM LLC lifted its position in shares of GATX by 20.2% during 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 during the period. Finally, Johnson Investment Counsel Inc. lifted its position in shares of GATX by 5.3% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 1,843 shares of the transportation company's stock valued at $244,000 after acquiring an additional 93 shares during the period. 93.14% of the stock is owned by institutional investors.

Insider Transactions at GATX

In other news, major shareholder Farm Mutual Automobile I. State bought 8,984 shares of GATX stock in a transaction dated Wednesday, October 9th. The stock was purchased at an average price of $133.65 per share, for a total transaction of $1,200,711.60. Following the purchase, the insider now directly owns 3,312,294 shares in the company, valued at $442,688,093.10. The trade was a 0.27 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.80% of the company's stock.

GATX Stock Up 0.2 %

GATX stock traded up $0.28 during midday trading on Friday, reaching $151.53. 172,618 shares of the company's stock traded hands, compared to its average volume of 160,315. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 20.26 and a beta of 0.95. The firm's fifty day moving average price is $138.40 and its 200-day moving average price is $136.67. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 3.41. GATX Co. has a 52 week low of $106.92 and a 52 week high of $156.03.

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

GATX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.58 per share. The ex-dividend date is Friday, December 13th. This represents a $2.32 dividend on an annualized basis and a yield of 1.53%. GATX's dividend payout ratio (DPR) is presently 31.02%.

Analyst Ratings Changes

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

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.