Freestone Grove Partners LP acquired a new stake in shares of GATX Corporation (NYSE:GATX - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 8,524 shares of the transportation company's stock, valued at approximately $1,510,000.
Other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Investment Management Company LLC boosted its stake in GATX by 0.7% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 7,988 shares of the transportation company's stock valued at $1,355,000 after buying an additional 53 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in GATX by 0.8% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 6,310 shares of the transportation company's stock worth $1,070,000 after acquiring an additional 53 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings 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 acquiring an additional 55 shares in the last quarter. Assetmark Inc. raised its holdings in shares of GATX by 50.8% during the 1st quarter. Assetmark Inc. now owns 196 shares of the transportation company's stock worth $33,000 after acquiring an additional 66 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its position in shares of GATX by 26.5% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 315 shares of the transportation company's stock valued at $55,000 after acquiring an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company's stock.
Insider Activity
In related news, SVP Eren Doygun sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $179.52, for a total value of $179,520.00. Following the transaction, 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 available through the SEC website. Also, CFO Thomas A. Ellman sold 18,200 shares of the firm's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $180.08, for a total value of $3,277,456.00. Following the transaction, the chief financial officer owned 34,361 shares in the company, valued at $6,187,728.88. The trade was a 34.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.86% of the company's stock.
Wall Street Analysts Forecast Growth
GATX has been the topic of several research reports. Citigroup boosted their price target on shares of GATX from $214.00 to $215.00 and gave the stock a "buy" rating in a research report on Monday, August 3rd. Weiss Ratings downgraded shares of GATX from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, August 12th. Susquehanna increased their price target on shares of GATX from $218.00 to $220.00 and gave the company a "positive" rating in a report on Friday, July 31st. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $222.00 price target on shares of GATX in a research report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $219.00.
View Our Latest Research Report on GATX
GATX Trading Down 0.5%
Shares of GATX opened at $177.55 on Friday. GATX Corporation has a twelve month low of $150.42 and a twelve month high of $205.56. The company has a market cap of $6.27 billion, a P/E ratio of 17.58 and a beta of 1.17. The company has a current ratio of 3.90, a quick ratio of 3.90 and a debt-to-equity ratio of 3.44. The company's fifty day simple moving average is $178.78 and its 200-day simple moving average is $180.15.
GATX (NYSE:GATX - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $580.10 million during the quarter, compared to the consensus estimate of $598.77 million. GATX had a net margin of 17.94% and a return on equity of 10.43%. The firm's quarterly revenue was up 34.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.06 earnings per share. GATX has set its FY 2026 guidance at 9.900-10.30 EPS. As a group, analysts expect that GATX Corporation will post 10.1 EPS for the current year.
GATX Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.66 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.5%. GATX's dividend payout ratio is presently 26.14%.
About GATX
(
Free Report)
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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