GATX Corporation $GATX Shares Acquired by Vaughan Nelson Investment Management L.P.

Key Points

• Vaughan Nelson Investment Management L.P. increased its stake in GATX Corporation by 52.7%, owning a total of 434,415 shares valued at approximately $66.7 million after acquiring an additional 149,950 shares.
• GATX reported earnings of $2.06 EPS for the last quarter, exceeding analysts' estimates of $1.95, along with a revenue of $430.5 million versus a consensus estimate of $425.52 million.
• The company announced a quarterly dividend of $0.61 per share, resulting in an annualized dividend of $2.44 and a yield of 1.4% as of the latest reporting period.

Vaughan Nelson Investment Management L.P. grew its stake in GATX Corporation (NYSE:GATX - Free Report) by 52.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 434,415 shares of the transportation company's stock after buying an additional 149,950 shares during the period. Vaughan Nelson Investment Management L.P. owned 1.22% of GATX worth $66,709,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Natixis Advisors LLC boosted its holdings in shares of GATX by 10.2% in the 1st quarter. Natixis Advisors LLC now owns 198,255 shares of the transportation company's stock valued at $30,784,000 after buying an additional 18,363 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in shares of GATX by 1.6% in the 1st quarter. New York State Common Retirement Fund now owns 186,676 shares of the transportation company's stock valued at $28,985,000 after buying an additional 2,954 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of GATX by 1.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 116,834 shares of the transportation company's stock valued at $18,141,000 after buying an additional 1,968 shares in the last quarter. Nuveen LLC acquired a new position in shares of GATX in the 1st quarter valued at $15,395,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of GATX by 0.9% in the 1st quarter. Principal Financial Group Inc. now owns 82,389 shares of the transportation company's stock valued at $12,793,000 after buying an additional 767 shares in the last quarter. Institutional investors and hedge funds own 93.14% of the company's stock.

GATX Stock Up 0.5%

Shares of GATX stock opened at $175.95 on Friday. The company has a market cap of $6.26 billion, a P/E ratio of 20.13 and a beta of 1.18. The company has a debt-to-equity ratio of 3.27, a quick ratio of 2.93 and a current ratio of 2.93. GATX Corporation has a one year low of $127.93 and a one year high of $178.26. The firm has a fifty day moving average of $164.67 and a two-hundred day moving average of $156.18.

GATX (NYSE:GATX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The transportation company reported $2.06 EPS for the quarter, topping analysts' consensus estimates of $1.95 by $0.11. The company had revenue of $430.50 million during the quarter, compared to the consensus estimate of $425.52 million. GATX had a net margin of 19.13% and a return on equity of 12.52%. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. On average, analysts forecast that GATX Corporation will post 8.5 earnings per share for the current year.

GATX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $0.61 per share. The ex-dividend date was Monday, September 15th. This represents a $2.44 dividend on an annualized basis and a yield of 1.4%. GATX's dividend payout ratio is presently 27.92%.

Analyst Ratings Changes

Several research firms recently commented on GATX. 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. Weiss Ratings reiterated a "buy (b)" rating on shares of GATX in a research report on Saturday, September 27th. Finally, Citigroup began coverage on shares of GATX in a research report on Monday, September 22nd. They issued a "buy" rating and a $201.00 price target for the company. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, GATX presently has an average rating of "Moderate Buy" and a consensus target price of $183.50.

Insider Activity

In other GATX news, SVP Kevin Hillesland sold 2,200 shares of the company's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $152.59, for a total transaction of $335,698.00. Following the completion of the transaction, the senior vice president owned 7,606 shares in the company, valued at approximately $1,160,599.54. This represents a 22.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert C. Lyons sold 12,635 shares of the company's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $166.33, for a total transaction of $2,101,579.55. Following the transaction, the chief executive officer owned 50,575 shares of the company's stock, valued at approximately $8,412,139.75. The trade was a 19.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,914 shares of company stock worth $2,953,509 in the last 90 days. Corporate insiders own 2.17% of the company's stock.

About GATX

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.

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