Dimensional Fund Advisors LP Has $282.20 Million Holdings in GATX Corporation $GATX

Key Points

• Dimensional Fund Advisors LP has reduced its stake in GATX Corporation by 7.5%, selling 146,958 shares during the first quarter, now owning about 5.09% of the company, valued at approximately $282 million.
• GATX reported quarterly earnings of $2.06 per share, exceeding analysts' expectations, along with a revenue of $430.5 million for the same period.
• The company has announced a quarterly dividend of $0.61, scheduled for payment on September 30th, with a current annualized yield of 1.6% and a payout ratio of 27.92%.

Dimensional Fund Advisors LP lessened its holdings in shares of GATX Corporation (NYSE:GATX - Free Report) by 7.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,817,484 shares of the transportation company's stock after selling 146,958 shares during the period. Dimensional Fund Advisors LP owned 5.09% of GATX worth $282,199,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in GATX. Raymond James Financial Inc. acquired a new stake in shares of GATX in the 4th quarter valued at $5,391,000. Sterling Capital Management LLC lifted its stake in shares of GATX by 826.8% in the fourth quarter. Sterling Capital Management LLC now owns 1,140 shares of the transportation company's stock valued at $177,000 after purchasing an additional 1,017 shares during the period. Barclays PLC raised its position in GATX by 24.0% during the fourth quarter. Barclays PLC now owns 83,645 shares of the transportation company's stock worth $12,961,000 after acquiring an additional 16,194 shares during the last quarter. XTX Topco Ltd acquired a new position in GATX during the fourth quarter worth about $417,000. Finally, Canada Pension Plan Investment Board raised its position in shares of GATX by 225.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,300 shares of the transportation company's stock valued at $201,000 after buying an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company's stock.

Analysts Set New Price Targets

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

Insider Transactions at GATX

In other news, EVP Paul F. Titterton sold 18,700 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $156.66, for a total value of $2,929,542.00. Following the completion of the sale, the executive vice president directly owned 10,468 shares in the company, valued at approximately $1,639,916.88. The trade was a 64.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jennifer Mcmanus sold 1,800 shares of the business's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $154.92, for a total transaction of $278,856.00. Following the completion of the sale, the vice president owned 3,468 shares of the company's stock, valued at $537,262.56. The trade was a 34.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,700 shares of company stock worth $3,544,096. 2.17% of the stock is owned by insiders.

GATX Trading Up 3.8%

GATX stock traded up $6.05 during mid-day trading on Friday, reaching $166.23. 63,369 shares of the stock traded hands, compared to its average volume of 173,540. The stock's fifty day moving average is $155.21 and its 200-day moving average is $154.14. 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 company has a market cap of $5.92 billion, a P/E ratio of 19.03 and a beta of 1.18. GATX Corporation has a 52-week low of $127.69 and a 52-week high of $168.89.

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

GATX Dividend Announcement

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

GATX 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.