Envestnet Asset Management Inc. Buys 7,232 Shares of GATX Co. (NYSE:GATX)

Envestnet Asset Management Inc. lifted its holdings in GATX Co. (NYSE:GATX) by 3.6% in the second quarter, HoldingsChannel reports. The firm owned 208,765 shares of the transportation company’s stock after purchasing an additional 7,232 shares during the quarter. Envestnet Asset Management Inc.’s holdings in GATX were worth $27,632,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of GATX. Private Advisor Group LLC bought a new stake in shares of GATX in the fourth quarter valued at about $254,000. Norges Bank purchased a new stake in GATX in the 4th quarter worth approximately $41,112,000. UBS Group AG boosted its position in GATX by 73.2% in the 4th quarter. UBS Group AG now owns 51,988 shares of the transportation company’s stock worth $6,250,000 after purchasing an additional 21,977 shares in the last quarter. Wells Fargo & Company MN boosted its position in GATX by 0.7% in the 4th quarter. Wells Fargo & Company MN now owns 139,680 shares of the transportation company’s stock worth $16,792,000 after purchasing an additional 969 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of GATX during the 4th quarter worth approximately $154,000. 93.14% of the stock is owned by hedge funds and other institutional investors.

GATX Stock Down 0.7 %

NYSE GATX opened at $138.07 on Friday. The business has a fifty day moving average price of $138.14 and a 200 day moving average price of $134.30. GATX Co. has a one year low of $97.21 and a one year high of $151.33. The company has a debt-to-equity ratio of 3.52, a quick ratio of 4.97 and a current ratio of 4.97. The company has a market cap of $4.92 billion, a P/E ratio of 19.67 and a beta of 0.96.

GATX (NYSE:GATX) last released its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). GATX had a return on equity of 10.61% and a net margin of 15.86%. The business had revenue of $386.70 million for the quarter, compared to analysts’ expectations of $385.45 million. During the same quarter in the prior year, the company posted $1.73 earnings per share. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. Research analysts anticipate that GATX Co. will post 7.5 EPS for the current fiscal year.

GATX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Friday, September 13th. GATX’s dividend payout ratio is currently 33.05%.

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.