Walleye Capital LLC Invests $14.28 Million in GATX Corporation $GATX

Walleye Capital LLC acquired a new position in shares of GATX Corporation (NYSE:GATX) in the 2nd quarter, HoldingsChannel reports. The fund acquired 92,970 shares of the transportation company’s stock, valued at approximately $14,276,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Park Avenue Securities LLC acquired a new stake in GATX in the 2nd quarter valued at approximately $783,000. HB Wealth Management LLC bought a new stake in shares of GATX in the second quarter valued at approximately $222,000. Triasima Portfolio Management inc. boosted its position in shares of GATX by 66.9% in the second quarter. Triasima Portfolio Management inc. now owns 24,176 shares of the transportation company’s stock valued at $3,712,000 after acquiring an additional 9,690 shares during the period. Level Four Advisory Services LLC grew its stake in shares of GATX by 34.6% in the first quarter. Level Four Advisory Services LLC now owns 34,688 shares of the transportation company’s stock worth $5,386,000 after acquiring an additional 8,925 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in GATX by 109.1% during the first quarter. Mackenzie Financial Corp now owns 4,810 shares of the transportation company’s stock worth $747,000 after acquiring an additional 2,510 shares during the period. 93.14% of the stock is currently owned by institutional investors and hedge funds.

GATX Trading Down 0.5%

NYSE GATX opened at $164.77 on Friday. The stock’s 50 day moving average price is $163.38 and its two-hundred day moving average price is $160.09. The company has a debt-to-equity ratio of 3.26, a quick ratio of 3.81 and a current ratio of 3.81. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of 19.25 and a beta of 1.17. GATX Corporation has a 52 week low of $139.44 and a 52 week high of $178.26.

GATX (NYSE:GATX) last posted its quarterly earnings results on Tuesday, October 21st. The transportation company reported $2.10 earnings per share for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.22). The company had revenue of $439.30 million during the quarter, compared to the consensus estimate of $435.21 million. GATX had a net margin of 18.35% and a return on equity of 11.62%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.43 earnings per share. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. As a group, analysts anticipate that GATX Corporation will post 8.5 earnings per share for the current fiscal year.

GATX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, December 15th. GATX’s dividend payout ratio (DPR) is presently 28.50%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GATX. Citigroup increased their price target on shares of GATX from $191.00 to $192.00 and gave the company a “buy” rating in a report on Monday, November 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of GATX in a research note on Wednesday, October 8th. Finally, Susquehanna upped their price target on shares of GATX from $190.00 to $192.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $192.00.

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.