Capital Fund Management S.A. Invests $1.72 Million 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. bought a new position in shares of GATX Corporation (NYSE:GATX - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 11,080 shares of the transportation company's stock, valued at approximately $1,720,000.

Several other large investors have also made changes to their positions in GATX. Northern Trust Corp raised its position in GATX by 12.4% during the fourth quarter. Northern Trust Corp now owns 700,603 shares of the transportation company's stock worth $108,565,000 after acquiring an additional 77,437 shares during the period. Ameriprise Financial Inc. raised its position in GATX by 103.4% during the fourth quarter. Ameriprise Financial Inc. now owns 364,492 shares of the transportation company's stock worth $56,479,000 after acquiring an additional 185,321 shares during the period. GAMMA Investing LLC raised its position in GATX by 67,875.0% during the first quarter. GAMMA Investing LLC now owns 356,189 shares of the transportation company's stock worth $55,305,000 after acquiring an additional 355,665 shares during the period. Ensign Peak Advisors Inc raised its position in GATX by 2,826.7% during the fourth quarter. Ensign Peak Advisors Inc now owns 351,264 shares of the transportation company's stock worth $54,432,000 after acquiring an additional 339,262 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its position in shares of GATX by 7.4% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 284,465 shares of the transportation company's stock worth $44,168,000 after purchasing an additional 19,580 shares during the last quarter. 93.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at GATX

In related news, VP Geoffrey Phillips sold 2,100 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $168.74, for a total value of $354,354.00. Following the completion of the sale, the vice president owned 6,740 shares of the company's stock, valued at approximately $1,137,307.60. This trade represents a 23.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jennifer Mcmanus sold 1,800 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $154.92, for a total value of $278,856.00. Following the completion of 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,779 shares of company stock valued at $4,060,328. 2.17% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

GATX Price Performance

Shares of NYSE GATX traded down $1.66 during mid-day trading on Friday, reaching $168.42. The company's stock had a trading volume of 218,600 shares, compared to its average volume of 156,831. The stock has a 50-day moving average of $156.87 and a two-hundred day moving average of $154.03. The stock has a market capitalization of $6.00 billion, a P/E ratio of 19.27 and a beta of 1.18. The company has a debt-to-equity ratio of 3.27, a quick ratio of 2.93 and a current ratio of 2.93. GATX Corporation has a 1-year low of $127.69 and a 1-year high of $171.62.

GATX (NYSE:GATX - Get Free Report) last issued its 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 during the quarter, compared to analysts' expectations 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, equities research analysts anticipate that GATX Corporation will post 8.5 EPS for the current fiscal year.

GATX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, September 15th. GATX's dividend payout ratio (DPR) is currently 27.92%.

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.