Clark Capital Management Group Inc. Makes New $598,000 Investment in GATX Corporation $GATX

Key Points

• Clark Capital Management Group Inc. acquired 3,848 shares of GATX Corporation valued at approximately $598,000 in the first quarter, reflecting growing interest in the firm's stock.
• Institutional investors own 93.14% of GATX's shares, indicating strong backing from hedge funds, with companies like GAMMA Investing LLC increasing their stake by over 67,000% recently.
• GATX recently announced a quarterly dividend of $0.61 per share, with a yield of 1.5%, signaling ongoing profitability and commitment to returning value to shareholders.

Clark Capital Management Group Inc. acquired a new stake in GATX Corporation (NYSE:GATX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,848 shares of the transportation company's stock, valued at approximately $598,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC lifted its holdings 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 last quarter. Advisors Asset Management Inc. lifted its stake in GATX by 58.1% in the first quarter. Advisors Asset Management Inc. now owns 3,196 shares of the transportation company's stock valued at $496,000 after buying an additional 1,174 shares during the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of GATX in the first quarter valued at approximately $5,544,000. Cubist Systematic Strategies LLC purchased a new position in shares of GATX during the first quarter worth approximately $4,206,000. Finally, Vident Advisory LLC increased its holdings in shares of GATX by 20.6% in the 1st quarter. Vident Advisory LLC now owns 2,445 shares of the transportation company's stock valued at $380,000 after acquiring an additional 418 shares during the period. Institutional investors and hedge funds own 93.14% of the company's stock.

Wall Street Analyst Weigh In

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

GATX Stock Performance

Shares of NYSE:GATX traded up $3.04 during midday trading on Thursday, hitting $171.49. The stock had a trading volume of 226,832 shares, compared to its average volume of 154,475. GATX Corporation has a 1 year low of $127.69 and a 1 year high of $171.69. 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 stock has a 50 day moving average price of $159.13 and a two-hundred day moving average price of $154.42. The company has a market capitalization of $6.11 billion, a PE ratio of 19.62 and a beta of 1.18.

GATX (NYSE:GATX - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $430.50 million during the quarter, compared to the consensus estimate 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. As a group, equities analysts predict that GATX Corporation will post 8.5 earnings per share for the current fiscal year.

GATX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $0.61 dividend. 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 1.4%. GATX's dividend payout ratio (DPR) is 27.92%.

Insider Activity at GATX

In other GATX news, CEO Robert C. Lyons sold 12,635 shares of the business's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $166.33, for a total transaction of $2,101,579.55. Following the sale, the chief executive officer directly owned 50,575 shares in the company, valued at approximately $8,412,139.75. The trade was a 19.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anne L. Arvia sold 979 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $165.35, for a total transaction of $161,877.65. Following the completion of the sale, the director owned 33,077 shares of the company's stock, valued at $5,469,281.95. This trade represents a 2.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,914 shares of company stock valued at $2,953,509 over the last 90 days. Company insiders own 2.17% of the company's stock.

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.