Dark Forest Capital Management LP Takes $5.54 Million Position in GATX Corporation $GATX

Key Points

• Dark Forest Capital Management LP invested approximately $5.54 million in GATX Corporation, acquiring 35,704 shares during the first quarter.
• GATX reported earnings of $2.06 per share, exceeding analysts' expectations, and announced a quarterly dividend of $0.61 per share with a yield of 1.4%.
• Analysts have set a target price of $190.00 for GATX shares and currently rate the stock as a "Moderate Buy."

Dark Forest Capital Management LP purchased a new position in GATX Corporation (NYSE:GATX - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 35,704 shares of the transportation company's stock, valued at approximately $5,544,000. Dark Forest Capital Management LP owned about 0.10% of GATX at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in GATX in the 1st quarter worth about $30,000. TCTC Holdings LLC lifted its position in GATX by 117.0% during the 1st quarter. TCTC Holdings LLC now owns 243 shares of the transportation company's stock worth $38,000 after acquiring an additional 131 shares in the last quarter. Orion Capital Management LLC purchased a new stake in GATX during the 4th quarter worth approximately $39,000. UMB Bank n.a. increased its holdings in GATX by 101.2% during the 1st quarter. UMB Bank n.a. now owns 328 shares of the transportation company's stock worth $51,000 after purchasing an additional 165 shares during the last quarter. Finally, CWM LLC increased its holdings in GATX by 12.7% during the 1st quarter. CWM LLC now owns 621 shares of the transportation company's stock worth $96,000 after purchasing an additional 70 shares during the last quarter. 93.14% of the stock is owned by institutional investors and hedge funds.

GATX Stock Performance

GATX traded down $0.99 during trading on Friday, reaching $167.51. 128,749 shares of the company were exchanged, compared to its average volume of 156,353. The stock has a market cap of $5.96 billion, a P/E ratio of 19.17 and a beta of 1.18. The firm has a 50 day moving average of $158.17 and a 200 day moving average of $154.12. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 3.27. GATX Corporation has a 52 week low of $127.69 and a 52 week high of $171.62.

GATX (NYSE:GATX - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported $2.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.95 by $0.11. GATX had a return on equity of 12.52% and a net margin of 19.13%.The company had revenue of $430.50 million during the quarter, compared to analyst estimates of $425.52 million. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. On average, sell-side analysts forecast that GATX Corporation will post 8.5 EPS for the current fiscal year.

GATX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, September 15th. GATX's payout ratio is 27.92%.

Wall Street Analysts Forecast Growth

Separately, Susquehanna set a $190.00 price target on GATX and gave the company a "positive" rating in a report 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.com, the company has an average rating of "Moderate Buy" and an average target price of $177.67.

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 stock was sold at an average price of $166.33, for a total transaction of $2,101,579.55. Following the completion of the transaction, the chief executive officer 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 legal filing with the SEC, which can be accessed through this link. Also, SVP Kevin Hillesland sold 2,200 shares of the business's stock in a transaction 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 transaction, the senior vice president owned 7,606 shares of the company's stock, valued at $1,160,599.54. This trade represents a 22.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,714 shares of company stock worth $3,232,365 in the last ninety days. 2.17% of the stock is currently owned by corporate insiders.

About GATX

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.