Bank of New York Mellon Corp Takes Position in GATX Corporation $GATX

Key Points

• Bank of New York Mellon acquired 288,829 GATX shares worth approximately $51.2 million, representing about 0.82% of the company. Institutional investors and hedge funds collectively own 93.14% of GATX.
• Analysts maintain a positive outlook, with a consensus “Buy” rating and a $219 price target. GATX recently exceeded quarterly EPS expectations, reporting $2.84 versus the $2.46 consensus, while revenue rose 34.8% year over year.
• GATX declared a quarterly dividend of $0.66 per share, or $2.64 annually, yielding approximately 1.5%. Two executives recently sold shares, including CFO Thomas Ellman, who sold 18,200 shares.

Bank of New York Mellon Corp acquired a new position in shares of GATX Corporation (NYSE:GATX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 288,829 shares of the transportation company's stock, valued at approximately $51,178,000. Bank of New York Mellon Corp owned approximately 0.82% of GATX as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. AQR Capital Management LLC boosted its position in shares of GATX by 21.3% in the 1st quarter. AQR Capital Management LLC now owns 7,716 shares of the transportation company's stock valued at $1,198,000 after purchasing an additional 1,357 shares during the period. Millennium Management LLC lifted its stake in GATX by 54.9% during the first quarter. Millennium Management LLC now owns 58,011 shares of the transportation company's stock valued at $9,007,000 after buying an additional 20,569 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of GATX by 1.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 116,834 shares of the transportation company's stock worth $18,141,000 after buying an additional 1,968 shares during the period. Jane Street Group LLC boosted its holdings in shares of GATX by 280.6% in the first quarter. Jane Street Group LLC now owns 53,690 shares of the transportation company's stock worth $8,336,000 after buying an additional 39,582 shares during the period. Finally, Invesco Ltd. increased its position in shares of GATX by 104.7% in the second quarter. Invesco Ltd. now owns 113,613 shares of the transportation company's stock worth $17,446,000 after acquiring an additional 58,100 shares in the last quarter. 93.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

GATX Stock Up 0.0%

GATX stock opened at $178.53 on Friday. The firm has a market cap of $6.30 billion, a PE ratio of 17.68 and a beta of 1.17. 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 firm's 50 day moving average price is $178.77 and its two-hundred day moving average price is $180.17. GATX Corporation has a twelve month low of $150.42 and a twelve month high of $205.56.

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

GATX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.66 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.64 dividend on an annualized basis and a yield of 1.5%. GATX's payout ratio is 26.14%.

Insider Transactions at GATX

In other GATX news, SVP Eren Doygun sold 1,000 shares of the company's stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $179.52, for a total value of $179,520.00. Following the transaction, the senior vice president directly owned 5,323 shares of the company's stock, valued at $955,584.96. This represents a 15.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Thomas A. Ellman sold 18,200 shares of the firm'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 directly owned 34,361 shares of the company's stock, valued at $6,187,728.88. This trade represents a 34.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.86% of the company's stock.

GATX Company Profile

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.

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