Walleye Capital LLC Cuts Holdings in GATX Corporation $GATX

Walleye Capital LLC lowered its stake in shares of GATX Corporation (NYSE:GATX) by 9.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 131,764 shares of the transportation company’s stock after selling 14,298 shares during the period. Walleye Capital LLC’s holdings in GATX were worth $22,497,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Larson Financial Group LLC grew its position in GATX by 364.5% in the third quarter. Larson Financial Group LLC now owns 144 shares of the transportation company’s stock worth $25,000 after acquiring an additional 113 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in GATX during the fourth quarter valued at about $27,000. Los Angeles Capital Management LLC purchased a new position in shares of GATX in the 4th quarter worth about $27,000. Rothschild Investment LLC boosted its holdings in shares of GATX by 127.6% in the 4th quarter. Rothschild Investment LLC now owns 173 shares of the transportation company’s stock worth $29,000 after purchasing an additional 97 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of GATX during the 4th quarter valued at about $33,000. 93.14% of the stock is owned by institutional investors.

GATX Trading Up 0.6%

NYSE GATX opened at $180.18 on Thursday. GATX Corporation has a 1-year low of $148.20 and a 1-year 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 50-day moving average of $174.72 and a 200-day moving average of $180.25. The firm has a market cap of $6.40 billion, a PE ratio of 19.33 and a beta of 1.17.

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

GATX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, June 15th. GATX’s dividend payout ratio is 28.33%.

Wall Street Analyst Weigh In

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

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.