Gamco Investors INC. ET AL Has $201.93 Million Stake in GATX Corporation $GATX

Key Points

• Gamco Investors INC. ET AL has reduced its stake in GATX Corporation by 1.6%, making it the company's second largest position, now comprising about 2.2% of their holdings.
• The company recently reported an earnings per share (EPS) of $2.06, exceeding analysts' expectations of $1.95, alongside a revenue of $430.50 million.
• GATX announced a quarterly dividend of $0.61 per share, with an ex-dividend date set for September 15th, representing a dividend yield of 1.5%.

Gamco Investors INC. ET AL lessened its holdings in GATX Corporation (NYSE:GATX - Free Report) by 1.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,300,493 shares of the transportation company's stock after selling 20,772 shares during the quarter. GATX accounts for approximately 2.2% of Gamco Investors INC. ET AL's investment portfolio, making the stock its 2nd biggest position. Gamco Investors INC. ET AL owned about 3.64% of GATX worth $201,928,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Northern Trust Corp boosted its holdings in shares of GATX by 12.4% in the 4th quarter. Northern Trust Corp now owns 700,603 shares of the transportation company's stock valued at $108,565,000 after purchasing an additional 77,437 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of GATX by 103.4% in the 4th quarter. Ameriprise Financial Inc. now owns 364,492 shares of the transportation company's stock valued at $56,479,000 after purchasing an additional 185,321 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of GATX by 67,875.0% in the 1st quarter. GAMMA Investing LLC now owns 356,189 shares of the transportation company's stock valued at $55,305,000 after purchasing an additional 355,665 shares in the last quarter. Ensign Peak Advisors Inc boosted its holdings in shares of GATX by 2,826.7% in the 4th quarter. Ensign Peak Advisors Inc now owns 351,264 shares of the transportation company's stock valued at $54,432,000 after purchasing an additional 339,262 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in shares of GATX by 7.4% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 284,465 shares of the transportation company's stock valued at $44,168,000 after acquiring an additional 19,580 shares in the last quarter. Institutional investors and hedge funds own 93.14% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In other GATX news, VP Geoffrey Phillips sold 2,100 shares of GATX stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $168.74, for a total transaction of $354,354.00. Following the transaction, the vice president directly owned 6,740 shares of the company's stock, valued at approximately $1,137,307.60. The trade was a 23.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paul F. Titterton sold 18,700 shares of GATX stock in a transaction dated Tuesday, June 3rd. The stock was 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 in the company, valued at $1,639,916.88. The trade was a 64.11% 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 worth $4,060,328. 2.17% of the stock is owned by corporate insiders.

GATX Price Performance

Shares of NYSE GATX traded down $1.66 during mid-day trading on Friday, hitting $168.42. 218,600 shares of the stock traded hands, compared to its average volume of 158,409. 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 twelve month low of $127.69 and a twelve 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 firm has a 50 day simple moving average of $156.87 and a two-hundred day simple moving average of $154.11.

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 the consensus estimate of $1.95 by $0.11. The company had revenue of $430.50 million for the quarter, compared to the consensus estimate of $425.52 million. GATX had a return on equity of 12.52% and a net margin of 19.13%. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. As a group, equities research analysts forecast that GATX Corporation will post 8.5 EPS for the current fiscal year.

GATX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.44 annualized dividend and a yield of 1.4%. GATX's payout ratio is presently 27.92%.

GATX Company 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.