GATX Corporation $GATX Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its position in shares of GATX Corporation (NYSE:GATX) by 19.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 679,715 shares of the transportation company’s stock after selling 163,217 shares during the period. Wellington Management Group LLP’s holdings in GATX were worth $120,439,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of GATX. Larson Financial Group LLC raised its stake in GATX by 364.5% in the third quarter. Larson Financial Group LLC now owns 144 shares of the transportation company’s stock valued at $25,000 after buying an additional 113 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of GATX during the 4th quarter worth about $27,000. Los Angeles Capital Management LLC acquired a new position in shares of GATX during the 4th quarter worth about $27,000. Rothschild Investment LLC increased 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 valued at $29,000 after acquiring an additional 97 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of GATX in the 2nd quarter valued at about $32,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

Wall Street Analyst Weigh In

GATX has been the subject of several recent analyst reports. Citigroup boosted their target price on GATX from $214.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. The Goldman Sachs Group reiterated a “buy” rating and issued a $222.00 price target on shares of GATX in a research note on Thursday, May 7th. Susquehanna raised their price objective on shares of GATX from $218.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, July 31st. Finally, Weiss Ratings downgraded shares of GATX from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $219.00.

Insiders Place Their Bets

In other GATX news, SVP Eren Doygun sold 1,000 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $179.52, for a total transaction of $179,520.00. Following the completion of the transaction, the senior vice president owned 5,323 shares in the company, valued at approximately $955,584.96. This represents a 15.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas A. Ellman sold 18,200 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $180.08, for a total transaction of $3,277,456.00. Following the completion of the sale, the chief financial officer owned 34,361 shares of the company’s stock, valued at $6,187,728.88. This trade represents a 34.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.86% of the company’s stock.

GATX Stock Down 1.0%

GATX opened at $173.25 on Wednesday. GATX Corporation has a 52 week low of $150.42 and a 52 week high of $205.56. The business has a 50 day moving average price of $178.59 and a two-hundred day moving average price of $179.88. The company has a quick ratio of 3.90, a current ratio of 3.90 and a debt-to-equity ratio of 3.44. The company has a market cap of $6.12 billion, a PE ratio of 17.15 and a beta of 1.17.

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

GATX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Tuesday, September 15th. GATX’s dividend payout ratio (DPR) is 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.