Corient Private Wealth LP Invests $1.61 Million in GATX Corporation $GATX

Corient Private Wealth LP bought a new stake in shares of GATX Corporation (NYSE:GATX - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 9,088 shares of the transportation company's stock, valued at approximately $1,610,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC lifted its stake in GATX by 364.5% during the third quarter. Larson Financial Group LLC now owns 144 shares of the transportation company's stock worth $25,000 after purchasing an additional 113 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of GATX during the 4th quarter worth approximately $27,000. Los Angeles Capital Management LLC acquired a new stake in GATX in the 4th quarter valued at $27,000. Rothschild Investment LLC grew its position in GATX by 127.6% in the fourth quarter. Rothschild Investment LLC now owns 173 shares of the transportation company's stock valued at $29,000 after acquiring an additional 97 shares during the period. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of GATX during the second quarter valued at $32,000. Institutional investors own 93.14% of the company's stock.

GATX Trading Up 0.9%

Shares of GATX opened at $177.29 on Friday. The stock has a fifty day moving average price of $178.45 and a two-hundred day moving average price of $179.67. The company has a debt-to-equity ratio of 3.44, a quick ratio of 3.90 and a current ratio of 3.90. GATX Corporation has a 52-week low of $150.42 and a 52-week high of $205.56. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 17.55 and a beta of 1.17.

GATX (NYSE:GATX - Get Free Report) last announced its earnings results on Thursday, July 30th. The transportation company reported $2.84 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 company had revenue of $580.10 million for the quarter, compared to analysts' expectations of $598.77 million. During the same quarter in the prior year, the business earned $2.06 earnings per share. The business's revenue for the quarter 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors 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 annualized dividend and a yield of 1.5%. GATX's dividend payout ratio is 26.14%.

Insider Transactions at GATX

In other GATX news, CFO Thomas A. Ellman sold 18,200 shares of the business's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $180.08, for a total value of $3,277,456.00. Following the completion of the transaction, the chief financial officer directly 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 legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Eren Doygun sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $179.52, for a total transaction of $179,520.00. Following the transaction, the senior vice president owned 5,323 shares in the company, valued at $955,584.96. The trade was a 15.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.86% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GATX. Citigroup boosted their target price on shares of GATX from $214.00 to $215.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. The Goldman Sachs Group reiterated a "buy" rating and set a $222.00 target price on shares of GATX in a research report on Thursday, May 7th. Weiss Ratings downgraded shares of GATX from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, August 12th. Finally, Susquehanna boosted their price target on shares of GATX from $218.00 to $220.00 and gave the company a "positive" rating in a research report on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, GATX currently has an average rating of "Buy" and a consensus price target of $219.00.

GATX Company 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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