Capital Fund Management S.A. Makes New $1.72 Million Investment in GATX Corporation $GATX

Key Points

• Capital Fund Management S.A. acquired 11,080 shares of GATX Corporation, worth approximately $1.72 million, as reported in its recent Form 13F filing.
• GATX's stock has an average rating of "Moderate Buy" with a target price of $177.67, following a positive report from Susquehanna which set a price target of $190.00.
• The company recently announced a quarterly dividend of $0.61, yielding 1.5%, with an ex-dividend date of September 15.

Capital Fund Management S.A. acquired a new position in GATX Corporation (NYSE:GATX - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 11,080 shares of the transportation company's stock, valued at approximately $1,720,000.

Other large investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in GATX in the first quarter valued at approximately $30,000. TCTC Holdings LLC raised its stake in shares of GATX by 117.0% in the 1st quarter. TCTC Holdings LLC now owns 243 shares of the transportation company's stock valued at $38,000 after acquiring an additional 131 shares during the period. Orion Capital Management LLC purchased a new position in shares of GATX in the 4th quarter valued at $39,000. UMB Bank n.a. raised its stake in shares of GATX by 101.2% in the 1st quarter. UMB Bank n.a. now owns 328 shares of the transportation company's stock valued at $51,000 after acquiring an additional 165 shares during the period. Finally, CWM LLC raised its stake in shares of GATX by 12.7% in the 1st quarter. CWM LLC now owns 621 shares of the transportation company's stock valued at $96,000 after acquiring an additional 70 shares during the period. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Susquehanna set a $190.00 price objective on GATX and gave the company a "positive" rating in a research report on Monday, August 18th. 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.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $177.67.

GATX Stock Up 2.4%

GATX stock traded up $3.92 during midday trading on Thursday, hitting $169.95. 269,028 shares of the company's stock were exchanged, compared to its average volume of 156,004. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 3.27. GATX Corporation has a 12-month low of $127.69 and a 12-month high of $171.62. The firm has a 50 day moving average price of $156.56 and a 200-day moving average price of $154.18. The stock has a market capitalization of $6.05 billion, a price-to-earnings ratio of 19.45 and a beta of 1.18.

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

GATX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $0.61 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.44 annualized dividend and a dividend yield of 1.4%. GATX's payout ratio is presently 27.92%.

Insider Activity at GATX

In related news, EVP Paul F. Titterton sold 18,700 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $156.66, for a total transaction of $2,929,542.00. Following the completion of the sale, the executive vice president owned 10,468 shares of the company's stock, valued at $1,639,916.88. This represents a 64.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jennifer Mcmanus sold 1,800 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $154.92, for a total value of $278,856.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 23,679 shares of company stock worth $3,705,974 over the last quarter. Company insiders own 2.17% of the company's stock.

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.