GATX Corporation $GATX Shares Sold by Nicholas Investment Partners LP

Nicholas Investment Partners LP reduced its stake in shares of GATX Corporation (NYSE:GATX) by 18.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,733 shares of the transportation company’s stock after selling 5,247 shares during the quarter. Nicholas Investment Partners LP owned 0.06% of GATX worth $3,856,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. M&T Bank Corp grew its position in GATX by 915.2% during the fourth quarter. M&T Bank Corp now owns 26,234 shares of the transportation company’s stock worth $4,449,000 after buying an additional 23,650 shares during the period. JPMorgan Chase & Co. grew its position in GATX by 13.3% during the third quarter. JPMorgan Chase & Co. now owns 205,898 shares of the transportation company’s stock worth $35,991,000 after buying an additional 24,239 shares during the period. American Century Companies Inc. lifted its holdings in shares of GATX by 5.1% in the third quarter. American Century Companies Inc. now owns 1,137,000 shares of the transportation company’s stock valued at $198,748,000 after purchasing an additional 55,609 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of GATX by 270,265.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 640,765 shares of the transportation company’s stock valued at $108,674,000 after purchasing an additional 640,528 shares in the last quarter. Finally, Natixis Advisors LLC lifted its holdings in shares of GATX by 17.9% in the third quarter. Natixis Advisors LLC now owns 282,549 shares of the transportation company’s stock valued at $49,389,000 after purchasing an additional 42,942 shares in the last quarter. 93.14% of the stock is currently owned by institutional investors and hedge funds.

GATX Stock Up 1.3%

Shares of NYSE GATX opened at $174.39 on Friday. GATX Corporation has a 12-month low of $148.20 and a 12-month high of $205.56. The company has a market capitalization of $6.19 billion, a PE ratio of 18.71 and a beta of 1.17. The company has a debt-to-equity ratio of 3.41, a current ratio of 3.91 and a quick ratio of 3.91. The firm’s 50-day moving average is $182.22 and its two-hundred day moving average is $178.22.

GATX (NYSE:GATX) last announced 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 for the quarter, compared to the consensus estimate of $599.76 million. GATX had a net margin of 17.88% and a return on equity of 10.31%. The company’s quarterly revenue was up 38.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.15 earnings per share. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. Equities analysts anticipate that GATX Corporation will post 9.8 EPS for the current fiscal year.

GATX Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.