Algert Global LLC Purchases New Stake in GATX Corporation $GATX

Key Points

• Algert Global LLC acquired a new position by purchasing 3,800 shares of GATX Corporation valued at approximately $590,000 during the first quarter.
• GATX announced a quarterly dividend of $0.61 per share, representing an annualized yield of 1.5%, to be paid on September 30th.
• The stock currently holds an average rating of "Moderate Buy" with a consensus price target of $177.67, according to recent analyst ratings.

Algert Global LLC acquired a new stake in shares of GATX Corporation (NYSE:GATX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,800 shares of the transportation company's stock, valued at approximately $590,000.

A number of other institutional investors also recently modified their holdings of the company. Neuberger Berman Group LLC raised its position in shares of GATX by 9.5% in the first quarter. Neuberger Berman Group LLC now owns 4,672 shares of the transportation company's stock valued at $725,000 after purchasing an additional 407 shares during the period. Russell Investments Group Ltd. boosted its stake in GATX by 24.8% during the first quarter. Russell Investments Group Ltd. now owns 1,538 shares of the transportation company's stock worth $239,000 after buying an additional 306 shares in the last quarter. Nuveen LLC acquired a new stake in GATX during the first quarter worth $15,395,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in GATX by 19.6% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,301 shares of the transportation company's stock worth $978,000 after buying an additional 1,032 shares in the last quarter. Finally, Atria Wealth Solutions Inc. boosted its stake in shares of GATX by 85.9% in the 1st quarter. Atria Wealth Solutions Inc. now owns 4,085 shares of the transportation company's stock valued at $634,000 after purchasing an additional 1,888 shares in the last quarter. Institutional investors own 93.14% of the company's stock.

Wall Street Analyst Weigh In

Separately, Susquehanna set a $190.00 target price on shares of GATX and gave the company a "positive" rating in a research note on Monday, August 18th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, GATX has an average rating of "Moderate Buy" and an average target price of $177.67.

GATX Trading Down 1.0%

Shares of GATX stock traded down $1.66 on Friday, reaching $168.42. The company had a trading volume of 218,600 shares, compared to its average volume of 158,409. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 3.27. The company has a 50-day moving average of $156.87 and a 200-day moving average of $154.19. GATX Corporation has a 12 month low of $127.69 and a 12 month high of $171.62. The stock has a market cap of $6.00 billion, a PE ratio of 19.27 and a beta of 1.18.

GATX (NYSE:GATX - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The transportation company reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.11. GATX had a return on equity of 12.52% and a net margin of 19.13%.The business had revenue of $430.50 million during the quarter, compared to analyst estimates of $425.52 million. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. On average, equities analysts forecast that GATX Corporation will post 8.5 earnings per share for the current year.

GATX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.44 dividend on an annualized basis and a yield of 1.4%. GATX's dividend payout ratio is 27.92%.

Insider Activity

In other news, Director Anne L. Arvia sold 979 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $165.35, for a total value of $161,877.65. Following the completion of the sale, the director owned 33,077 shares of the company's stock, valued at approximately $5,469,281.95. This represents a 2.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Paul F. Titterton sold 18,700 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $156.66, for a total value of $2,929,542.00. Following the completion of the sale, the executive vice president directly owned 10,468 shares of the company's stock, valued at approximately $1,639,916.88. The trade was a 64.11% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,779 shares of company stock worth $4,060,328. 2.17% of the stock is currently owned by insiders.

GATX Company Profile

GATX Corporation, together its subsidiaries, operates as railcar leasing company in the United States, Canada, Mexico, Europe, and India. It operates through three segments: Rail North America, Rail International, and Portfolio Management. The company leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.