Marshall Wace LLP Buys 86,215 Shares of GATX Corporation $GATX

Marshall Wace LLP raised its position in shares of GATX Corporation (NYSE:GATX) by 205.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 128,192 shares of the transportation company’s stock after acquiring an additional 86,215 shares during the period. Marshall Wace LLP owned approximately 0.36% of GATX worth $19,685,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Baird Financial Group Inc. bought a new position in GATX in the 2nd quarter valued at $250,000. Walleye Capital LLC bought a new position in GATX in the second quarter worth about $14,276,000. Guggenheim Capital LLC lifted its position in GATX by 5.1% during the second quarter. Guggenheim Capital LLC now owns 24,154 shares of the transportation company’s stock valued at $3,709,000 after acquiring an additional 1,170 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of GATX by 318.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 690 shares of the transportation company’s stock valued at $106,000 after purchasing an additional 525 shares during the last quarter. Finally, Invesco Ltd. raised its stake in GATX by 104.7% in the second quarter. Invesco Ltd. now owns 113,613 shares of the transportation company’s stock valued at $17,446,000 after buying an additional 58,100 shares during the last quarter. Institutional investors own 93.14% of the company’s stock.

GATX Price Performance

NYSE:GATX opened at $165.49 on Tuesday. The firm’s fifty day moving average is $162.99 and its two-hundred day moving average is $160.54. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 19.33 and a beta of 1.17. The company has a debt-to-equity ratio of 3.26, a quick ratio of 3.81 and a current ratio of 3.81. GATX Corporation has a one year low of $139.44 and a one year high of $178.26.

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

GATX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, December 15th. GATX’s dividend payout ratio is currently 28.50%.

Wall Street Analyst Weigh In

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

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.