GATX Corporation $GATX Holdings Lowered by Gamco Investors INC. ET AL

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 decreased its stake in GATX Corporation (NYSE:GATX - Free Report) by 1.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,300,493 shares of the transportation company's stock after selling 20,772 shares during the quarter. GATX comprises 2.2% of Gamco Investors INC. ET AL's portfolio, making the stock its 2nd biggest holding. Gamco Investors INC. ET AL owned about 3.64% of GATX worth $201,928,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling

In other GATX news, Director Anne L. Arvia sold 979 shares of GATX stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $165.35, for a total value of $161,877.65. Following the transaction, the director owned 33,077 shares in the company, valued at $5,469,281.95. The trade was a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jennifer Mcmanus sold 1,800 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $154.92, for a total value of $278,856.00. Following the transaction, the vice president directly owned 3,468 shares in the company, valued at $537,262.56. This represents a 34.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,679 shares of company stock worth $3,705,974 over the last ninety days. 2.17% of the stock is currently owned by company insiders.

GATX Stock Up 2.4%

NYSE GATX traded up $3.92 on Thursday, reaching $169.95. 269,028 shares of the stock traded hands, compared to its average volume of 156,004. The company has a debt-to-equity ratio of 3.27, a quick ratio of 2.93 and a current ratio of 2.93. The company has a fifty day moving average price of $156.56 and a 200-day moving average price of $154.18. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 19.45 and a beta of 1.18. GATX Corporation has a 12 month low of $127.69 and a 12 month high of $171.62.

GATX (NYSE:GATX - Get Free Report) last issued its 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. The business had revenue of $430.50 million during the quarter, compared to analyst estimates 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, research analysts forecast that GATX Corporation will post 8.5 EPS for the current fiscal year.

GATX Dividend Announcement

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 paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, September 15th. GATX's payout ratio is 27.92%.

Wall Street Analyst Weigh In

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 research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $177.67.

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.