GATX Corporation $GATX Shares Sold by Earnest Partners LLC

Key Points

• Earnest Partners LLC reduced its stake in GATX Corporation by 0.9%, owning approximately 3,085,258 shares valued at $479 million, making it the firm's third-largest investment.
• GATX's quarterly earnings report showed earnings per share (EPS) of $2.06, exceeding analysts' estimates of $1.95, and the company set its FY 2025 EPS guidance at 8.500-8.900.
• The company announced a quarterly dividend of $0.61 per share, reflecting an annualized dividend of $2.44 and a yield of 1.5%, with the ex-dividend date set for September 15th.

Earnest Partners LLC lessened its stake in shares of GATX Corporation (NYSE:GATX - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,085,258 shares of the transportation company's stock after selling 28,331 shares during the period. GATX accounts for approximately 2.3% of Earnest Partners LLC's portfolio, making the stock its 3rd biggest position. Earnest Partners LLC owned about 8.64% of GATX worth $479,048,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. raised its holdings in shares of GATX by 0.9% during the 1st quarter. Principal Financial Group Inc. now owns 82,389 shares of the transportation company's stock worth $12,793,000 after acquiring an additional 767 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of GATX by 3.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,356 shares of the transportation company's stock worth $521,000 after acquiring an additional 126 shares during the period. Teacher Retirement System of Texas raised its holdings in shares of GATX by 29.4% during the 1st quarter. Teacher Retirement System of Texas now owns 8,796 shares of the transportation company's stock worth $1,366,000 after acquiring an additional 1,997 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of GATX by 6.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 2,523 shares of the transportation company's stock worth $392,000 after acquiring an additional 146 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of GATX by 337.8% during the 1st quarter. GAMMA Investing LLC now owns 2,294 shares of the transportation company's stock worth $356,000 after acquiring an additional 1,770 shares during the period. Hedge funds and other institutional investors own 93.14% of the company's stock.

Analysts Set New Price Targets

Separately, Susquehanna set a $190.00 price target on GATX and gave the stock a "positive" rating in a report on Monday, August 18th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $177.67.

GATX Trading Down 1.0%

Shares of NYSE:GATX traded down $1.66 during midday trading on Friday, reaching $168.42. 218,600 shares of the company's stock were exchanged, compared to its average volume of 158,409. The firm's 50 day simple moving average is $156.87 and its two-hundred day simple moving average is $154.11. The company has a debt-to-equity ratio of 3.27, a current ratio of 2.93 and a quick ratio of 2.93. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 19.27 and a beta of 1.18. GATX Corporation has a fifty-two week low of $127.69 and a fifty-two week high of $171.62.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.95 by $0.11. The firm had revenue of $430.50 million during 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, sell-side analysts forecast that GATX Corporation will post 8.5 EPS for the current fiscal year.

GATX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, September 15th. GATX's dividend payout ratio (DPR) is presently 27.92%.

Insider Activity

In related 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 completion of the sale, the senior vice president directly owned 7,606 shares of the company's stock, valued at approximately $1,160,599.54. This trade represents a 22.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paul F. Titterton sold 18,700 shares of GATX stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $156.66, for a total value of $2,929,542.00. Following the completion of the transaction, the executive vice president directly owned 10,468 shares of the company's stock, valued at approximately $1,639,916.88. This represents a 64.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,779 shares of company stock worth $4,060,328. 2.17% of the stock is currently owned by corporate insiders.

GATX 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.