GATX Corporation $GATX Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of GATX Corporation (NYSE:GATX) by 0.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 885,634 shares of the transportation company’s stock after acquiring an additional 3,655 shares during the quarter. Geode Capital Management LLC’s holdings in GATX were worth $150,228,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in GATX by 0.5% during the 2nd quarter. Bank of America Corp DE now owns 1,219,746 shares of the transportation company’s stock worth $187,304,000 after acquiring an additional 6,104 shares during the period. American Century Companies Inc. lifted its position in GATX by 5.1% during the 3rd quarter. American Century Companies Inc. now owns 1,137,000 shares of the transportation company’s stock worth $198,748,000 after acquiring an additional 55,609 shares during the period. Sei Investments Co. lifted its position in GATX by 2.8% during the 3rd quarter. Sei Investments Co. now owns 949,877 shares of the transportation company’s stock worth $166,038,000 after acquiring an additional 25,440 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in GATX by 270,265.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 640,765 shares of the transportation company’s stock worth $108,674,000 after acquiring an additional 640,528 shares during the period. Finally, Alliancebernstein L.P. lifted its position in GATX by 681.7% during the 3rd quarter. Alliancebernstein L.P. now owns 574,333 shares of the transportation company’s stock worth $100,393,000 after acquiring an additional 500,857 shares during the period. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Stock Performance

Shares of GATX stock opened at $173.13 on Friday. The stock has a market cap of $6.15 billion, a PE ratio of 18.58 and a beta of 1.17. The business has a 50-day simple moving average of $181.77 and a 200-day simple moving average of $177.58. The company has a quick ratio of 3.91, a current ratio of 3.91 and a debt-to-equity ratio of 3.41. GATX Corporation has a 52-week low of $148.20 and a 52-week high of $205.56.

GATX (NYSE:GATX) last issued its quarterly earnings data on Thursday, May 7th. The transportation company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.07. The business had revenue of $583.70 million during the quarter, compared to analysts’ expectations of $599.76 million. GATX had a return on equity of 10.31% and a net margin of 17.88%.The company’s revenue for the quarter was up 38.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.15 EPS. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. On average, equities analysts expect that GATX Corporation will post 9.8 EPS for the current year.

GATX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, June 15th. GATX’s payout ratio is currently 28.33%.

Analyst Ratings Changes

A number of analysts have commented on the company. Citigroup raised GATX from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $210.00 to $211.00 in a research report on Wednesday, April 8th. Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a report on Tuesday, April 21st. Susquehanna decreased their price objective on GATX from $220.00 to $218.00 and set a “positive” rating for the company in a report on Friday, May 8th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $222.00 price objective on shares of GATX in a report on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, GATX has an average rating of “Buy” and a consensus price target of $217.00.

GATX Company Profile

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.