Connor Clark & Lunn Investment Management Ltd. Purchases New Stake in GATX Corporation $GATX

Key Points

• Connor Clark & Lunn Investment Management acquired 27,576 GATX shares worth approximately $4.9 million, joining other institutional investors that collectively own 93.14% of the company.
• GATX reported quarterly EPS of $2.84, exceeding the $2.46 consensus estimate, while revenue rose 34.8% year over year to $580.1 million despite falling short of expectations.
• Analysts maintain a consensus “Buy” rating with an average price target of $219, and GATX announced a quarterly dividend of $0.66 per share, representing a 1.5% annualized yield.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of GATX Corporation (NYSE:GATX - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 27,576 shares of the transportation company's stock, valued at approximately $4,886,000. Connor Clark & Lunn Investment Management Ltd. owned 0.08% of GATX at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Northwestern Mutual Investment Management Company LLC boosted its position in shares of GATX by 0.7% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 7,988 shares of the transportation company's stock worth $1,355,000 after purchasing an additional 53 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of GATX by 0.8% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 6,310 shares of the transportation company's stock worth $1,070,000 after purchasing an additional 53 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of GATX by 8.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 702 shares of the transportation company's stock worth $119,000 after purchasing an additional 55 shares during the period. Assetmark Inc. increased its holdings in shares of GATX by 50.8% in the 1st quarter. Assetmark Inc. now owns 196 shares of the transportation company's stock valued at $33,000 after purchasing an additional 66 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of GATX by 26.5% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 315 shares of the transportation company's stock valued at $55,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 93.14% of the company's stock.

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 shares were sold at an average price of $179.52, for a total value of $179,520.00. Following the sale, the senior vice president owned 5,323 shares of the company's stock, valued at $955,584.96. This represents a 15.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thomas A. Ellman sold 18,200 shares of the company's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $180.08, for a total transaction of $3,277,456.00. Following the completion of the sale, the chief financial officer directly owned 34,361 shares in the company, valued at $6,187,728.88. This trade represents a 34.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.86% of the company's stock.

GATX Stock Up 0.0%

GATX stock opened at $178.53 on Friday. 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 has a market capitalization of $6.30 billion, a price-to-earnings ratio of 17.68 and a beta of 1.17. GATX Corporation has a fifty-two week low of $150.42 and a fifty-two week high of $205.56. The stock's fifty day moving average is $178.77 and its two-hundred day moving average is $180.17.

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

GATX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.66 per share. 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 presently 26.14%.

Wall Street Analyst Weigh In

GATX has been the topic of a number of research analyst reports. Weiss Ratings downgraded shares of GATX from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, August 12th. Susquehanna upped their target price 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. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $222.00 target price on shares of GATX in a report on Thursday, May 7th. Finally, Citigroup lifted 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. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $219.00.

GATX 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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