Gabelli Funds LLC Reduces Stock Holdings in GATX Corporation $GATX

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% in the first quarter, according to its most recent 13F filing 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 portfolio, making the stock its 7th largest holding. Gabelli Funds LLC owned approximately 2.76% of GATX worth $153,220,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in GATX. MML Investors Services LLC lifted its holdings in shares of GATX by 1.4% during the 4th quarter. MML Investors Services LLC now owns 11,139 shares of the transportation company's stock worth $1,726,000 after acquiring an additional 156 shares during the period. Hsbc Holdings PLC increased its position in GATX by 411.0% in the 4th quarter. Hsbc Holdings PLC now owns 14,676 shares of the transportation company's stock valued at $2,287,000 after acquiring an additional 11,804 shares during the period. Susquehanna International Group LLP increased its position in GATX by 312.3% in the 4th quarter. Susquehanna International Group LLP now owns 19,901 shares of the transportation company's stock valued at $3,084,000 after acquiring an additional 15,074 shares during the period. Price T Rowe Associates Inc. MD increased its position in GATX by 10.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,470 shares of the transportation company's stock valued at $4,102,000 after acquiring an additional 2,480 shares during the period. Finally, Nebula Research & Development LLC acquired a new position in GATX in the 4th quarter valued at approximately $447,000. Institutional investors own 93.14% of the company's stock.

GATX Stock Down 1.0%

NYSE GATX traded down $1.66 on Friday, hitting $168.42. 218,600 shares of the company were exchanged, compared to its average volume of 158,409. GATX Corporation has a 12 month low of $127.69 and a 12 month high of $171.62. The company has a market cap of $6.00 billion, a PE ratio of 19.27 and a beta of 1.18. The stock has a fifty day moving average of $156.87 and a 200-day moving average of $154.11. 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 (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, 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 for the quarter, compared to analyst estimates of $425.52 million. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. As a group, analysts forecast that GATX Corporation will post 8.5 earnings per share for the current year.

GATX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 1.4%. The ex-dividend date of this dividend is Monday, September 15th. GATX's dividend payout ratio (DPR) is 27.92%.

Insider Transactions at GATX

In other GATX news, EVP Paul F. Titterton sold 18,700 shares of the firm'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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anne L. Arvia sold 979 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $165.35, for a total transaction of $161,877.65. Following the completion of the transaction, the director directly owned 33,077 shares in the company, valued at $5,469,281.95. This trade represents a 2.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 25,779 shares of company stock valued at $4,060,328. Corporate insiders own 2.17% of the company's stock.

Analyst Upgrades and Downgrades

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

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.