GATX Corporation $GATX Stock Holdings Lowered by Harbor Island Capital LLC

Key Points

• Harbor Island Capital cut its GATX stake by 17.3% in the third quarter, selling 14,388 shares and retaining 69,008 shares valued at approximately $11.7 million. Institutional investors collectively own 93.14% of the company.
• GATX insiders sold 21,700 shares worth about $3.9 million over the past three months, including substantial sales by the CFO and a senior vice president.
• GATX reported quarterly EPS of $2.84, exceeding estimates of $2.46, while revenue rose 34.8% year over year. Analysts maintain a consensus “Buy” rating with an average price target of $219.33, compared with a recent share price of $165.68.

Harbor Island Capital LLC decreased its stake in GATX Corporation (NYSE:GATX - Free Report) by 17.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,008 shares of the transportation company's stock after selling 14,388 shares during the period. GATX makes up 3.0% of Harbor Island Capital LLC's portfolio, making the stock its 10th biggest position. Harbor Island Capital LLC owned 0.20% of GATX worth $11,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the stock. Root Financial Partners LLC purchased a new stake in shares of GATX during the 3rd quarter valued at about $28,000. Northwestern Mutual Wealth Management Co. purchased a new position in GATX in the 2nd quarter worth approximately $32,000. Assetmark Inc. boosted its holdings in GATX by 50.8% in the 1st quarter. Assetmark Inc. now owns 196 shares of the transportation company's stock worth $33,000 after acquiring an additional 66 shares during the period. Versant Capital Management Inc boosted its holdings in GATX by 23.3% in the 2nd quarter. Versant Capital Management Inc now owns 407 shares of the transportation company's stock worth $72,000 after acquiring an additional 77 shares during the period. Finally, Farther Finance Advisors LLC grew its position in GATX by 53.2% in the third quarter. Farther Finance Advisors LLC now owns 688 shares of the transportation company's stock valued at $117,000 after acquiring an additional 239 shares in the last quarter. Institutional investors and hedge funds own 93.14% of the company's stock.

Insider Buying and Selling at GATX

In other news, CFO Thomas A. Ellman sold 18,200 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $180.08, for a total transaction of $3,277,456.00. Following the completion of the transaction, the chief financial officer directly owned 34,361 shares in the company, valued at approximately $6,187,728.88. This represents a 34.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Eren Doygun sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $179.52, for a total transaction of $179,520.00. Following the sale, the senior vice president directly owned 5,323 shares of the company's stock, valued at $955,584.96. The trade was a 15.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 21,700 shares of company stock valued at $3,900,976 in the last three months. Corporate insiders own 1.86% of the company's stock.

GATX Stock Down 1.1%

Shares of GATX stock opened at $165.68 on Friday. The business has a 50-day moving average of $174.19 and a 200-day moving average of $178.40. The company has a debt-to-equity ratio of 3.44, a current ratio of 3.90 and a quick ratio of 3.90. The company has a market capitalization of $5.85 billion, a PE ratio of 16.40 and a beta of 1.19. GATX Corporation has a 1-year low of $150.42 and a 1-year high of $205.56.

GATX (NYSE:GATX - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The transportation company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.46 by $0.38. The business had revenue of $580.10 million for the quarter, compared to analysts' expectations of $598.77 million. GATX had a return on equity of 10.43% and a net margin of 17.94%. The company's revenue was up 34.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.06 earnings per share. GATX has set its FY 2026 guidance at 9.900-10.30 EPS. As a group, equities analysts forecast that GATX Corporation will post 10.10 EPS for the current fiscal year.

GATX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.66 per share. The ex-dividend date was Tuesday, September 15th. This represents a $2.64 annualized dividend and a yield of 1.6%. GATX's payout ratio is currently 26.14%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on GATX shares. Susquehanna lifted their price objective on shares of GATX from $218.00 to $220.00 and gave the company a "positive" rating in a research note on Friday, July 31st. Weiss Ratings cut shares of GATX from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday. Finally, Citigroup upped their target price on shares of GATX from $215.00 to $216.00 and gave the company a "buy" rating in a research note on Thursday, October 8th. Four analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, GATX has a consensus rating of "Buy" and an average target price of $219.33.

GATX Company Profile

GATX Corporation is a global asset-leasing company focused primarily on rail transportation. Through its rail businesses, the company owns, leases and manages a diverse fleet of freight railcars used to transport commodities and manufactured goods, including tank cars, covered and open hoppers, boxcars and specialized rail equipment. GATX also provides fleet management, maintenance and other services that support railcar customers.

GATX serves customers across North America and Europe through operations that include GATX Rail North America and GATX Rail Europe.

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