Cubist Systematic Strategies LLC Takes $4.21 Million Position in GATX Corporation $GATX

Key Points

• Cubist Systematic Strategies LLC has made a new investment in GATX Corporation, purchasing 27,085 shares valued at approximately $4.21 million.
• Multiple institutional investors significantly increased their stakes in GATX, with Ameriprise Financial boosting its holdings by 103.4% and GAMMA Investing increasing theirs by an astonishing 67,875%.
• GATX Corporation reported a Q2 EPS of $2.06, surpassing analyst expectations, and announced a quarterly dividend of $0.61 per share, with a yield of 1.4%.

Cubist Systematic Strategies LLC acquired a new stake in shares of GATX Corporation (NYSE:GATX - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 27,085 shares of the transportation company's stock, valued at approximately $4,206,000. Cubist Systematic Strategies LLC owned about 0.08% of GATX at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of GATX during the first quarter worth about $30,000. TCTC Holdings LLC raised its stake in GATX by 117.0% during the first quarter. TCTC Holdings LLC now owns 243 shares of the transportation company's stock valued at $38,000 after buying an additional 131 shares in the last quarter. Orion Capital Management LLC bought a new position in GATX during the 4th quarter worth approximately $39,000. UMB Bank n.a. grew its position 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 worth $51,000 after acquiring an additional 165 shares in the last quarter. Finally, CWM LLC increased its holdings 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 last quarter. Institutional investors own 93.14% of the company's stock.

Analyst Ratings Changes

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

GATX Stock Performance

GATX stock traded up $0.36 during mid-day trading on Wednesday, reaching $168.44. The company had a trading volume of 214,574 shares, compared to its average volume of 154,470. GATX Corporation has a one year low of $127.69 and a one year high of $171.62. 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 quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 3.27. The stock's 50-day simple moving average is $158.89 and its two-hundred day simple moving average is $154.36.

GATX (NYSE:GATX - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The transportation company reported $2.06 earnings per share for the quarter, topping analysts' consensus estimates of $1.95 by $0.11. The business had revenue of $430.50 million for 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. Research analysts anticipate that GATX Corporation will post 8.5 EPS for the current year.

GATX Dividend Announcement

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

Insider Buying and Selling at GATX

In related news, SVP Kevin Hillesland sold 2,200 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $152.59, for a total value of $335,698.00. Following the completion of the transaction, the senior vice president directly owned 7,606 shares of the company's stock, valued at $1,160,599.54. This represents a 22.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Geoffrey Phillips sold 2,100 shares of GATX stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $168.74, for a total value of $354,354.00. Following the sale, the vice president directly owned 6,740 shares in the company, valued at $1,137,307.60. The trade was a 23.76% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,714 shares of company stock valued at $3,232,365. 2.17% of the stock is currently owned by insiders.

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.