1,004,807 Shares in GATX Corporation $GATX Acquired by Bank of America Corp DE

Key Points

• Bank of America acquired 1,004,807 GATX shares worth approximately $178 million, giving it a 2.85% stake. Other major institutions also initiated positions, and institutional investors now own 93.14% of the company.
• GATX reported quarterly EPS of $2.84, exceeding analyst expectations of $2.46, while revenue increased 34.8% year over year to $580.1 million. The company reaffirmed fiscal 2026 EPS guidance of $9.90–$10.30.
• Analysts maintain a positive outlook, with an average “Buy” rating and a consensus price target of $219 versus the stock’s recent price of $180.73; GATX also declared a quarterly dividend of $0.66 per share, yielding 1.5% annually.

Bank of America Corp DE bought a new stake in shares of GATX Corporation (NYSE:GATX - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,004,807 shares of the transportation company's stock, valued at approximately $178,042,000. Bank of America Corp DE owned 2.85% of GATX at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new position in GATX in the second quarter worth about $823,055,000. Norges Bank purchased a new stake in shares of GATX in the 4th quarter worth about $86,241,000. Bank of New York Mellon Corp bought a new position in shares of GATX in the 2nd quarter worth about $51,178,000. Jupiter Topco LLC bought a new position in shares of GATX during the second quarter valued at approximately $25,363,000. Finally, Walleye Capital LLC purchased a new position in GATX during the second quarter valued at $21,691,000. Hedge funds and other institutional investors own 93.14% of the company's stock.

GATX Price Performance

GATX opened at $180.73 on Friday. The company's 50-day simple moving average is $178.85 and its two-hundred day simple moving average is $178.70. The company has a debt-to-equity ratio of 3.44, a quick ratio of 3.90 and a current ratio of 3.90. The stock has a market capitalization of $6.38 billion, a P/E ratio of 17.89 and a beta of 1.17. GATX Corporation has a 52-week low of $150.42 and a 52-week high of $205.56.

GATX (NYSE:GATX - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $580.10 million during the quarter, compared to analysts' expectations of $598.77 million. GATX had a net margin of 17.94% and a return on equity of 10.43%. The firm's quarterly revenue was up 34.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.06 earnings per share. GATX has set its FY 2026 guidance at 9.900-10.30 EPS. As a group, analysts predict that GATX Corporation will post 10.1 EPS for the current year.

GATX Announces Dividend

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 dividend of $0.66 per share. 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 is 26.14%.

Insider Activity at GATX

In other news, VP Geoffrey Phillips sold 2,500 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $177.60, for a total value of $444,000.00. Following the transaction, the vice president owned 1 shares in the company, valued at $177.60. This represents a 99.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Eren Doygun sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 26th. The stock was 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 directly owned 5,323 shares in the company, valued at approximately $955,584.96. The trade was a 15.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 21,700 shares of company stock worth $3,900,976. 1.86% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on GATX shares. Weiss Ratings upgraded shares of GATX from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, September 4th. Citigroup increased their price target on shares of GATX from $214.00 to $215.00 and gave the company a "buy" rating in a report on Monday, August 3rd. Finally, Susquehanna raised their price target on shares of GATX from $218.00 to $220.00 and gave the company a "positive" rating in a research report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $219.00.

About GATX

GATX Corporation is a global railcar leasing company that owns, manages and leases freight railcars to shippers, railroads and other transportation companies. Its fleet serves a range of industries, including energy, chemicals, agriculture, food products and general manufacturing. GATX also provides related services such as railcar maintenance, repair, refurbishment and fleet management.

The company operates primarily through GATX Rail North America and GATX Rail Europe, with additional railcar leasing activities in India.

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