Legal & General Group Plc Invests $8.51 Million in GATX Corporation $GATX

Legal & General Group Plc acquired a new position in GATX Corporation (NYSE:GATX) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 48,001 shares of the transportation company’s stock, valued at approximately $8,505,000.

Several other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in GATX during the 2nd quarter worth $823,055,000. Dimensional Fund Advisors LP increased its holdings in shares of GATX by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,481,900 shares of the transportation company’s stock valued at $251,337,000 after purchasing an additional 9,109 shares during the period. Bank of America Corp DE raised its stake in shares of GATX by 0.5% during the second quarter. Bank of America Corp DE now owns 1,219,746 shares of the transportation company’s stock valued at $187,304,000 after purchasing an additional 6,104 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of GATX by 0.4% during the fourth quarter. Wellington Management Group LLP now owns 1,011,703 shares of the transportation company’s stock valued at $171,585,000 after purchasing an additional 4,406 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in GATX by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 885,634 shares of the transportation company’s stock worth $150,228,000 after purchasing an additional 3,655 shares during the period. 93.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

GATX Stock Performance

Shares of GATX opened at $173.25 on Wednesday. The company has a debt-to-equity ratio of 3.44, a current ratio of 3.90 and a quick ratio of 3.90. The firm’s 50 day moving average is $178.59 and its 200-day moving average is $179.88. GATX Corporation has a 12-month low of $150.42 and a 12-month high of $205.56. The stock has a market capitalization of $6.12 billion, a P/E ratio of 17.15 and a beta of 1.17.

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

GATX Announces Dividend

The business also recently disclosed 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 26.14%.

Insider Buying and Selling at GATX

In related news, SVP Eren Doygun sold 1,000 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $179.52, for a total value of $179,520.00. Following the completion of the transaction, the senior vice president owned 5,323 shares in the company, valued at $955,584.96. This trade represents a 15.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Thomas A. Ellman sold 18,200 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was 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 position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.86% of the company’s stock.

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.