American Century Companies Inc. Cuts Holdings in GATX Corporation $GATX

Key Points

• American Century Companies Inc. has reduced its stake in GATX Corporation by 0.6%, selling 6,410 shares and holding approximately 3.06% of the company, valued at $169.7 million.
• Several institutional investors, including Neuberger Berman Group and Russell Investments Group, have increased their holdings in GATX during the same quarter, highlighting continued interest in the company.
• GATX recently announced a quarterly dividend of $0.61 per share, with an expected yield of 1.6% and a payout ratio of 27.92% for the company.

American Century Companies Inc. reduced its position in GATX Corporation (NYSE:GATX - Free Report) by 0.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,093,037 shares of the transportation company's stock after selling 6,410 shares during the period. American Century Companies Inc. owned approximately 3.06% of GATX worth $169,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of GATX. GAMMA Investing LLC boosted its stake in shares of GATX by 67,875.0% in the 1st quarter. GAMMA Investing LLC now owns 356,189 shares of the transportation company's stock worth $55,305,000 after buying an additional 355,665 shares during the last quarter. Ensign Peak Advisors Inc raised its holdings in GATX by 2,826.7% in the 4th quarter. Ensign Peak Advisors Inc now owns 351,264 shares of the transportation company's stock worth $54,432,000 after purchasing an additional 339,262 shares during the period. Ameriprise Financial Inc. raised its holdings in GATX by 103.4% in the 4th quarter. Ameriprise Financial Inc. now owns 364,492 shares of the transportation company's stock worth $56,479,000 after purchasing an additional 185,321 shares during the period. Nuveen LLC bought a new position in GATX in the 1st quarter worth $15,395,000. Finally, Northern Trust Corp raised its holdings in GATX by 12.4% in the 4th quarter. Northern Trust Corp now owns 700,603 shares of the transportation company's stock worth $108,565,000 after purchasing an additional 77,437 shares during the period. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

GATX Stock Performance

GATX stock traded down $0.4580 during trading on Wednesday, reaching $159.6720. The company had a trading volume of 41,341 shares, compared to its average volume of 174,155. 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 firm's 50-day simple moving average is $155.05 and its 200 day simple moving average is $154.14. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of 18.30 and a beta of 1.18. GATX Corporation has a 52 week low of $127.69 and a 52 week high of $168.89.

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

GATX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued 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 1.5%. GATX's dividend payout ratio (DPR) is currently 27.92%.

Analyst Upgrades and Downgrades

GATX has been the topic of a number of recent research reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of GATX in a report on Wednesday, April 23rd. Susquehanna set a $190.00 target price on GATX and gave the stock a "positive" rating in a report on Monday. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $177.67.

Insider Buying and Selling at GATX

In other GATX news, VP Jennifer Mcmanus sold 1,800 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $154.92, for a total transaction of $278,856.00. Following the sale, the vice president directly owned 3,468 shares of the company's stock, valued at $537,262.56. This trade represents a 34.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Paul F. Titterton sold 18,700 shares of the firm's stock in a transaction dated 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 sale, the executive vice president directly owned 10,468 shares in the company, valued at approximately $1,639,916.88. This represents a 64.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,700 shares of company stock valued at $3,544,096 over the last ninety days. 2.17% of the stock is currently owned by company insiders.

GATX 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.