GATX Corporation $GATX Shares Bought by M&T Bank Corp

M&T Bank Corp lifted its holdings in shares of GATX Corporation (NYSE:GATX - Free Report) by 915.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,234 shares of the transportation company's stock after purchasing an additional 23,650 shares during the quarter. M&T Bank Corp owned about 0.07% of GATX worth $4,449,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC increased its stake in GATX by 364.5% during the 3rd quarter. Larson Financial Group LLC now owns 144 shares of the transportation company's stock worth $25,000 after buying an additional 113 shares during the period. Ameriflex Group Inc. purchased a new position in GATX in the 3rd quarter valued at approximately $27,000. Community Bank N.A. purchased a new position in GATX in the 3rd quarter valued at approximately $27,000. Elevation Wealth Partners LLC acquired a new position in shares of GATX in the fourth quarter worth $32,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of GATX in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 93.14% of the company's stock.

GATX Trading Down 0.0%

Shares of NYSE:GATX opened at $198.13 on Monday. GATX Corporation has a 52 week low of $141.16 and a 52 week high of $205.56. The company's 50 day moving average is $182.52 and its two-hundred day moving average is $174.39. The company has a market cap of $7.04 billion, a PE ratio of 21.72 and a beta of 1.22. The company has a current ratio of 16.31, a quick ratio of 16.31 and a debt-to-equity ratio of 3.45.

GATX (NYSE:GATX - Get Free Report) last released its quarterly earnings data on Thursday, February 19th. The transportation company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.02. The business had revenue of $449.00 million during the quarter, compared to analysts' expectations of $443.67 million. GATX had a net margin of 19.15% and a return on equity of 11.05%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.93 EPS. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. Equities analysts predict that GATX Corporation will post 9.8 earnings per share for the current fiscal year.

GATX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, June 15th. GATX's dividend payout ratio is currently 28.95%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Citigroup upgraded GATX from a "neutral" rating to a "buy" rating and increased their price objective for the company from $210.00 to $211.00 in a research note on Wednesday, April 8th. Susquehanna boosted their target price on GATX from $212.00 to $220.00 and gave the stock a "positive" rating in a research note on Friday, February 20th. The Goldman Sachs Group restated a "buy" rating and set a $204.00 price target on shares of GATX in a report on Wednesday, January 14th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of GATX in a research report on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $211.67.

Insider Activity

In other news, VP Robert Zmudka sold 5,200 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $192.61, for a total value of $1,001,572.00. Following the transaction, the vice president owned 7,493 shares in the company, valued at approximately $1,443,226.73. This represents a 40.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jeffery R. Young sold 2,595 shares of the business's stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $196.29, for a total value of $509,372.55. Following the sale, the senior vice president owned 7,700 shares of the company's stock, valued at approximately $1,511,433. The trade was a 25.21% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 9,795 shares of company stock worth $1,907,525. 1.86% of the stock is currently owned by insiders.

GATX Company Profile

GATX Corporation NYSE: GATX is a global railcar leasing and asset management company headquartered in Chicago, Illinois. Founded in 1898 as General American Transportation Corporation, GATX has grown into one of the world's leading lessors of railcars, marine vessels and industrial assets. The company's core business focuses on leasing and managing high-value equipment for customers in the energy, industrial, chemical, agricultural and metals markets.

In its Rail North America segment, GATX owns and manages a diverse fleet of more than 60,000 railcars, including tank cars, covered hoppers, boxcars and flatcars.

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