California State Teachers Retirement System Raises Stake in GATX Corporation $GATX

California State Teachers Retirement System boosted its stake in shares of GATX Corporation (NYSE:GATX - Free Report) by 4.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,143 shares of the transportation company's stock after acquiring an additional 1,556 shares during the period. California State Teachers Retirement System owned 0.11% of GATX worth $6,935,748 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of GATX. BlackRock Inc. acquired a new position in shares of GATX during the 2nd quarter valued at about $823,055,000. Bank of America Corp DE purchased a new position in GATX in the 2nd quarter worth approximately $178,042,000. Geode Capital Management LLC boosted its stake in GATX by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 885,634 shares of the transportation company's stock valued at $150,228,000 after acquiring an additional 3,655 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of GATX by 270,265.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 640,765 shares of the transportation company's stock worth $108,674,000 after purchasing an additional 640,528 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of GATX by 23.1% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 597,545 shares of the transportation company's stock worth $102,025,000 after acquiring an additional 111,935 shares in the last quarter. 93.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at GATX

In other news, CFO Thomas Ellman sold 18,200 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer owned 34,361 shares of the company's stock, valued at approximately $6,187,728.88. The trade was a 34.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Geoffrey Phillips sold 2,500 shares of GATX stock in a transaction 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 of the company's stock, valued at $177.60. The trade was a 99.96% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 21,700 shares of company stock worth $3,900,976. Insiders own 1.86% of the company's stock.

GATX Trading Up 1.0%

Shares of GATX stock traded up $1.75 on Tuesday, reaching $177.85. 105,844 shares of the stock were exchanged, compared to its average volume of 212,770. The stock has a market cap of $6.28 billion, a P/E ratio of 17.61 and a beta of 1.17. 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 firm has a 50 day moving average of $178.58 and a two-hundred day moving average of $178.87. GATX Corporation has a 1-year low of $150.42 and a 1-year high of $205.56.

GATX (NYSE:GATX - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The transportation company reported $2.84 earnings per share (EPS) 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 analysts' expectations of $598.77 million. GATX had a return on equity of 10.43% and a net margin of 17.94%.The firm's revenue was up 34.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.06 earnings per share. GATX has set its FY 2026 guidance at 9.900-10.30 EPS. On average, research analysts anticipate that GATX Corporation will post 10.1 EPS for the current year.

GATX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders 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 annualized dividend and a dividend yield of 1.5%. GATX's dividend payout ratio (DPR) is currently 26.14%.

Analyst Ratings Changes

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

GATX Profile

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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