Deutsche Bank AG Sells 2,833 Shares of GATX Corporation $GATX

Deutsche Bank AG cut its stake in shares of GATX Corporation (NYSE:GATX - Free Report) by 9.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,936 shares of the transportation company's stock after selling 2,833 shares during the quarter. Deutsche Bank AG owned about 0.08% of GATX worth $4,338,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GATX. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of GATX during the first quarter valued at $30,000. TCTC Holdings LLC increased its holdings in GATX by 117.0% in the 1st quarter. TCTC Holdings LLC now owns 243 shares of the transportation company's stock worth $38,000 after buying an additional 131 shares in the last quarter. Orion Capital Management LLC bought a new stake in GATX in the 4th quarter worth about $39,000. UMB Bank n.a. increased its holdings in GATX by 101.2% in the 1st quarter. UMB Bank n.a. now owns 328 shares of the transportation company's stock worth $51,000 after buying an additional 165 shares in the last quarter. Finally, CWM LLC increased its holdings in GATX by 12.7% in the 1st quarter. CWM LLC now owns 621 shares of the transportation company's stock worth $96,000 after buying an additional 70 shares in the last quarter. 93.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other GATX news, SVP Kevin Hillesland sold 2,200 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $152.59, for a total transaction of $335,698.00. Following the sale, the senior vice president directly owned 7,606 shares of the company's stock, valued at $1,160,599.54. This trade represents a 22.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jennifer Mcmanus sold 1,800 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $154.92, for a total value of $278,856.00. Following the completion of the transaction, the vice president directly owned 3,468 shares of the company's stock, valued at approximately $537,262.56. This trade represents a 34.17% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,700 shares of company stock worth $3,544,096. Corporate insiders own 2.17% of the company's stock.

GATX Stock Performance

Shares of GATX stock traded up $5.2160 during trading hours on Friday, reaching $165.3960. 41,675 shares of the stock traded hands, compared to its average volume of 173,393. The company has a 50 day moving average price of $155.21 and a 200 day moving average price of $154.14. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of 18.91 and a beta of 1.18. GATX Corporation has a one year low of $127.69 and a one year high of $168.89. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 3.27.

GATX (NYSE:GATX - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The transportation company reported $2.06 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.11. The firm had revenue of $430.50 million for the quarter, compared to analysts' expectations 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, equities research analysts expect that GATX Corporation will post 8.5 earnings per share for the current fiscal year.

GATX Announces Dividend

The firm also recently declared 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 yield of 1.5%. The ex-dividend date is Monday, September 15th. GATX's dividend payout ratio is presently 27.92%.

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.