GATX Corporation $GATX Stock Holdings Decreased by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lessened its position in GATX Corporation (NYSE:GATX) by 4.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,226,539 shares of the transportation company’s stock after selling 59,414 shares during the quarter. GATX makes up about 2.1% of Gamco Investors INC. ET AL’s holdings, making the stock its 2nd biggest holding. Gamco Investors INC. ET AL owned 3.44% of GATX worth $214,399,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. raised its stake in GATX by 4.8% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 1,429 shares of the transportation company’s stock valued at $219,000 after purchasing an additional 65 shares during the period. Savant Capital LLC lifted its holdings in shares of GATX by 3.9% in the second quarter. Savant Capital LLC now owns 1,799 shares of the transportation company’s stock valued at $276,000 after purchasing an additional 68 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of GATX by 0.9% in the second quarter. Thrivent Financial for Lutherans now owns 8,406 shares of the transportation company’s stock worth $1,291,000 after buying an additional 73 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of GATX by 61.3% during the third quarter. Jones Financial Companies Lllp now owns 221 shares of the transportation company’s stock valued at $39,000 after buying an additional 84 shares in the last quarter. Finally, State of Michigan Retirement System grew its holdings in shares of GATX by 1.2% during the second quarter. State of Michigan Retirement System now owns 8,612 shares of the transportation company’s stock valued at $1,322,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Price Performance

Shares of NYSE:GATX opened at $178.47 on Friday. The firm has a market cap of $6.34 billion, a price-to-earnings ratio of 19.57 and a beta of 1.19. 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. The business has a fifty day simple moving average of $182.95 and a 200 day simple moving average of $171.97.

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

GATX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 2nd will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.5%. This is a boost from GATX’s previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 2nd. GATX’s dividend payout ratio is presently 28.95%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at GATX

In related news, SVP Jeffery R. Young sold 2,595 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $196.29, for a total value of $509,372.55. Following the completion of the sale, the senior vice president directly owned 7,700 shares in the company, valued at approximately $1,511,433. This represents a 25.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Brian L. Glassberg sold 2,000 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $198.29, for a total transaction of $396,580.00. Following the transaction, the executive vice president directly owned 7,041 shares in the company, valued at $1,396,159.89. The trade was a 22.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 11,595 shares of company stock valued at $2,202,995. 2.17% of the stock is currently owned by insiders.

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.