GATX Corporation $GATX is Gabelli Funds LLC's 7th Largest Position

Key Points

• Gabelli Funds LLC reduced its stake in GATX Corporation by 2.0%, selling 20,350 shares, and now holds 986,800 shares, making it the 7th largest position in its portfolio.
• Several institutional investors, including CWM LLC and the State of Alaska Department of Revenue, increased their positions in GATX during the 1st quarter of the year.
• GATX recently declared a quarterly dividend of $0.61, which will be paid on September 30th, reflecting an annualized dividend yield of 1.5%.

Gabelli Funds LLC lowered its holdings in GATX Corporation (NYSE:GATX - Free Report) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 986,800 shares of the transportation company's stock after selling 20,350 shares during the period. GATX makes up about 1.2% of Gabelli Funds LLC's holdings, making the stock its 7th biggest position. Gabelli Funds LLC owned about 2.76% of GATX worth $153,220,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GATX. Thurston Springer Miller Herd & Titak Inc. purchased a new position in GATX in the 1st quarter valued at approximately $30,000. TCTC Holdings LLC boosted its holdings in shares of GATX by 117.0% in the first quarter. TCTC Holdings LLC now owns 243 shares of the transportation company's stock worth $38,000 after acquiring an additional 131 shares during the period. Orion Capital Management LLC purchased a new position in shares of GATX in the fourth quarter valued at $39,000. UMB Bank n.a. grew its position in shares of GATX by 101.2% in the first quarter. UMB Bank n.a. now owns 328 shares of the transportation company's stock valued at $51,000 after purchasing an additional 165 shares in the last quarter. Finally, CWM LLC raised its stake in shares of GATX by 12.7% during the 1st quarter. CWM LLC now owns 621 shares of the transportation company's stock valued at $96,000 after purchasing an additional 70 shares during the period. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Susquehanna set a $190.00 target price 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $177.67.

Insider Transactions at GATX

In other GATX news, EVP Paul F. Titterton sold 18,700 shares of GATX stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $156.66, for a total transaction of $2,929,542.00. Following the transaction, the executive vice president directly owned 10,468 shares of the company's stock, valued at approximately $1,639,916.88. This trade represents a 64.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Jennifer Mcmanus sold 1,800 shares of the firm'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 directly owned 3,468 shares in the company, valued at approximately $537,262.56. This trade represents a 34.17% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,679 shares of company stock worth $3,705,974 in the last three months. Corporate insiders own 2.17% of the company's stock.

GATX Price Performance

GATX stock traded up $3.92 during midday trading on Thursday, reaching $169.95. The company had a trading volume of 269,028 shares, compared to its average volume of 156,004. The company has a market capitalization of $6.05 billion, a P/E ratio of 19.45 and a beta of 1.18. The company has a debt-to-equity ratio of 3.27, a current ratio of 2.93 and a quick ratio of 2.93. GATX Corporation has a 1 year low of $127.69 and a 1 year high of $171.62. The firm has a 50-day moving average price of $156.56 and a 200-day moving average price of $154.18.

GATX (NYSE:GATX - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The transportation company reported $2.06 earnings per share for the quarter, beating 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 business had revenue of $430.50 million for the quarter, compared to the consensus estimate of $425.52 million. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. On average, research analysts anticipate that GATX Corporation will post 8.5 earnings per share for the current fiscal year.

GATX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $0.61 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.44 dividend on an annualized basis and a yield of 1.4%. 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.