Chesapeake Capital Corp IL Purchases Shares of 4,789 GATX Corporation $GATX

Chesapeake Capital Corp IL purchased a new position in shares of GATX Corporation (NYSE:GATX) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,789 shares of the transportation company’s stock, valued at approximately $837,000.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of GATX during the 2nd quarter valued at $58,621,000. Squarepoint Ops LLC grew its holdings in GATX by 429.5% in the second quarter. Squarepoint Ops LLC now owns 187,835 shares of the transportation company’s stock worth $28,844,000 after purchasing an additional 152,361 shares during the period. Encompass Capital Advisors LLC acquired a new stake in GATX in the second quarter worth $23,025,000. Walleye Capital LLC bought a new stake in GATX in the second quarter valued at $14,276,000. Finally, Marshall Wace LLP increased its stake in GATX by 205.4% in the second quarter. Marshall Wace LLP now owns 128,192 shares of the transportation company’s stock valued at $19,685,000 after purchasing an additional 86,215 shares in the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Stock Down 0.8%

GATX stock opened at $168.56 on Friday. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 18.48 and a beta of 1.19. The firm’s fifty day moving average price is $183.19 and its two-hundred day moving average price is $172.35. GATX Corporation has a 1-year low of $139.44 and a 1-year high of $199.00. The company has a current ratio of 16.31, a quick ratio of 16.31 and a debt-to-equity ratio of 3.45.

GATX (NYSE:GATX) last posted its earnings results on Thursday, February 19th. The transportation company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.42 by $0.02. GATX had a net margin of 19.15% and a return on equity of 11.05%. The company had revenue of $449.00 million during the quarter, compared to the consensus estimate of $443.67 million. During the same period in the previous year, the firm posted $1.93 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. On average, equities research analysts predict that GATX Corporation will post 8.5 earnings per share for the current fiscal year.

GATX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 2nd will be issued a $0.66 dividend. This is a boost from GATX’s previous quarterly dividend of $0.61. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, March 2nd. GATX’s dividend payout ratio is 28.95%.

Insider Activity at GATX

In other GATX news, VP Robert Zmudka sold 5,200 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $192.61, for a total transaction of $1,001,572.00. Following the transaction, the vice president directly owned 7,493 shares in the company, valued at approximately $1,443,226.73. This trade represents a 40.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeffery R. Young sold 2,595 shares of GATX stock in a transaction on Friday, February 20th. The stock was sold at an average price of $196.29, for a total transaction of $509,372.55. Following the transaction, the senior vice president directly owned 7,700 shares in the company, valued at $1,511,433. This represents a 25.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,795 shares of company stock valued at $1,907,525 over the last 90 days. Insiders own 2.17% of the company’s stock.

Wall Street Analyst Weigh In

GATX has been the topic of a number of research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a research report on Thursday, January 22nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $204.00 price target on shares of GATX in a research note on Wednesday, January 14th. Susquehanna increased their price target on GATX from $212.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, February 20th. Finally, Citigroup cut GATX from a “buy” rating to a “neutral” rating and raised their price objective for the company from $197.00 to $210.00 in a research note on Tuesday, February 24th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $211.33.

About GATX

GATX Corporation (NYSE: GATX) is a global railcar leasing and asset management company headquartered in Chicago, Illinois. Founded in 1898 as General American Transportation Corporation, GATX has grown into one of the world’s leading lessors of railcars, marine vessels and industrial assets. The company’s core business focuses on leasing and managing high-value equipment for customers in the energy, industrial, chemical, agricultural and metals markets.

In its Rail North America segment, GATX owns and manages a diverse fleet of more than 60,000 railcars, including tank cars, covered hoppers, boxcars and flatcars.