GATX Co. (NYSE:GATX) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lowered its stake in GATX Co. (NYSE:GATX) by 16.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 291,366 shares of the transportation company’s stock after selling 56,085 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in GATX were worth $38,592,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Gradient Investments LLC acquired a new position in GATX in the 2nd quarter valued at $25,000. Wolff Wiese Magana LLC purchased a new stake in shares of GATX in the third quarter valued at about $28,000. Quarry LP acquired a new position in shares of GATX during the second quarter worth about $37,000. Canada Pension Plan Investment Board purchased a new position in GATX during the second quarter worth about $53,000. Finally, CWM LLC lifted its position in GATX by 20.2% in the third quarter. CWM LLC now owns 487 shares of the transportation company’s stock valued at $65,000 after purchasing an additional 82 shares during the period. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Insider Buying and Selling

In other GATX news, major shareholder Farm Mutual Automobile I. State acquired 8,984 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were purchased at an average cost of $133.65 per share, with a total value of $1,200,711.60. Following the purchase, the insider now owns 3,312,294 shares in the company, valued at approximately $442,688,093.10. The trade was a 0.27 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Susquehanna lifted their price objective on GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a report on Monday, October 21st.

GATX Price Performance

GATX stock opened at $151.53 on Friday. The company has a market cap of $5.38 billion, a P/E ratio of 20.26 and a beta of 0.95. GATX Co. has a one year low of $106.92 and a one year high of $156.03. The business has a fifty day moving average of $138.40 and a two-hundred day moving average of $136.67. The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.41 and a current ratio of 3.41.

GATX (NYSE:GATX) last announced its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.50 EPS for the quarter, beating the consensus estimate of $1.96 by $0.54. GATX had a net margin of 17.76% and a return on equity of 11.98%. The firm had revenue of $405.40 million during the quarter, compared to analysts’ expectations of $391.65 million. During the same quarter last year, the business earned $1.44 earnings per share. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. As a group, analysts predict that GATX Co. will post 7.6 earnings per share for the current fiscal year.

GATX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Friday, December 13th. GATX’s payout ratio is currently 31.02%.

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.