Principal Financial Group Inc. Has $13.71 Million Position in GATX Corporation $GATX

Principal Financial Group Inc. lifted its holdings in GATX Corporation (NYSE:GATX) by 3.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,328 shares of the transportation company’s stock after purchasing an additional 2,943 shares during the quarter. Principal Financial Group Inc. owned 0.23% of GATX worth $13,715,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in GATX. Larson Financial Group LLC increased its holdings in GATX by 364.5% during the third quarter. Larson Financial Group LLC now owns 144 shares of the transportation company’s stock worth $25,000 after buying an additional 113 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in GATX in the fourth quarter valued at $27,000. Los Angeles Capital Management LLC bought a new position in shares of GATX in the 4th quarter valued at about $27,000. Rothschild Investment LLC grew its position in shares of GATX by 127.6% in the 4th quarter. Rothschild Investment LLC now owns 173 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 97 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of GATX in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Price Performance

Shares of NYSE:GATX opened at $183.51 on Friday. The firm has a 50 day moving average of $174.87 and a 200-day moving average of $180.33. GATX Corporation has a 12 month low of $148.20 and a 12 month high of $205.56. The company has a current ratio of 3.91, a quick ratio of 3.91 and a debt-to-equity ratio of 3.41. The stock has a market capitalization of $6.51 billion, a PE ratio of 19.69 and a beta of 1.17.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on GATX shares. Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a research report on Friday, July 17th. Susquehanna reduced their target price on shares of GATX from $220.00 to $218.00 and set a “positive” rating for the company in a report on Friday, May 8th. Citigroup upped their price target on shares of GATX from $211.00 to $214.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $222.00 price target on shares of GATX in a report on Thursday, May 7th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $218.00.

GATX 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.