Quantbot Technologies LP Makes New Investment in GATX Corporation $GATX

Quantbot Technologies LP purchased a new position in GATX Corporation (NYSE:GATX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,685 shares of the transportation company’s stock, valued at approximately $3,311,000. Quantbot Technologies LP owned 0.05% of GATX as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GATX. AQR Capital Management LLC raised its position in shares of GATX by 21.3% in the 1st quarter. AQR Capital Management LLC now owns 7,716 shares of the transportation company’s stock worth $1,198,000 after purchasing an additional 1,357 shares during the last quarter. Millennium Management LLC increased its stake in GATX by 54.9% during the 1st quarter. Millennium Management LLC now owns 58,011 shares of the transportation company’s stock valued at $9,007,000 after purchasing an additional 20,569 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in GATX by 1.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 116,834 shares of the transportation company’s stock worth $18,141,000 after buying an additional 1,968 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of GATX by 280.6% in the first quarter. Jane Street Group LLC now owns 53,690 shares of the transportation company’s stock worth $8,336,000 after buying an additional 39,582 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of GATX by 104.7% in the second quarter. Invesco Ltd. now owns 113,613 shares of the transportation company’s stock worth $17,446,000 after buying an additional 58,100 shares in the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Insider Buying and Selling at GATX

In related news, CFO Thomas A. Ellman sold 18,200 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $180.08, for a total value of $3,277,456.00. Following the sale, the chief financial officer owned 34,361 shares in the company, valued at approximately $6,187,728.88. The trade was a 34.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GATX shares. Weiss Ratings cut GATX from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, August 12th. Citigroup upped their price target on GATX from $214.00 to $215.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Susquehanna increased their price objective on GATX from $218.00 to $220.00 and gave the company a “positive” rating in a research report on Friday, July 31st. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $222.00 price objective on shares of GATX in a report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $219.00.

GATX Stock Down 0.1%

Shares of GATX stock opened at $176.83 on Monday. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 17.51 and a beta of 1.17. GATX Corporation has a one year low of $150.42 and a one year high of $205.56. The company’s fifty day moving average price is $178.55 and its 200-day moving average price is $180.40. The company has a debt-to-equity ratio of 3.44, a current ratio of 3.90 and a quick ratio of 3.90.

GATX (NYSE:GATX) last announced its quarterly earnings data on Thursday, July 30th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.38. GATX had a net margin of 17.94% and a return on equity of 10.43%. The business had revenue of $580.10 million during the quarter, compared to analyst estimates of $598.77 million. During the same period last year, the firm posted $2.06 EPS. The company’s revenue was up 34.8% on a year-over-year basis. GATX has set its FY 2026 guidance at 9.900-10.30 EPS. Sell-side analysts expect that GATX Corporation will post 10.1 EPS for the current fiscal year.

GATX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given 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 is Tuesday, September 15th. GATX’s dividend payout ratio is currently 26.14%.

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.