Nuveen Asset Management LLC Has $14.08 Million Stake in GATX Co. (NYSE:GATX)

Nuveen Asset Management LLC trimmed its holdings in GATX Co. (NYSE:GATX) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 90,878 shares of the transportation company’s stock after selling 192 shares during the period. Nuveen Asset Management LLC owned 0.26% of GATX worth $14,082,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. UMB Bank n.a. lifted its position in shares of GATX by 91.8% in the fourth quarter. UMB Bank n.a. now owns 163 shares of the transportation company’s stock valued at $25,000 after buying an additional 78 shares during the last quarter. Assetmark Inc. lifted its position in shares of GATX by 60.4% in the fourth quarter. Assetmark Inc. now owns 178 shares of the transportation company’s stock valued at $28,000 after buying an additional 67 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of GATX in the fourth quarter valued at approximately $39,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of GATX in the fourth quarter valued at approximately $46,000. Finally, Huntington National Bank lifted its position in shares of GATX by 54.3% in the fourth quarter. Huntington National Bank now owns 344 shares of the transportation company’s stock valued at $53,000 after buying an additional 121 shares during the last quarter. 93.14% of the stock is owned by institutional investors and hedge funds.

GATX Stock Performance

NYSE:GATX opened at $144.27 on Monday. The stock has a market cap of $5.15 billion, a P/E ratio of 18.57 and a beta of 1.18. The stock has a 50 day simple moving average of $148.84 and a 200 day simple moving average of $155.51. The company has a current ratio of 2.77, a quick ratio of 3.41 and a debt-to-equity ratio of 3.37. GATX Co. has a 1-year low of $127.00 and a 1-year high of $168.89.

GATX (NYSE:GATX) last released its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.06. The business had revenue of $421.60 million during the quarter, compared to analysts’ expectations of $417.06 million. GATX had a return on equity of 12.07% and a net margin of 17.92%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the firm posted $2.01 EPS. Research analysts anticipate that GATX Co. will post 8.5 earnings per share for the current year.

GATX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.61 per share. The ex-dividend date is Friday, June 13th. This represents a $2.44 dividend on an annualized basis and a yield of 1.69%. GATX’s dividend payout ratio (DPR) is presently 30.93%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on GATX shares. Susquehanna cut their price objective on GATX from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group reissued a “buy” rating on shares of GATX in a report on Wednesday, April 23rd.

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.