Hsbc Holdings PLC Reduces Holdings in GATX Corporation $GATX

Key Points

• Hsbc Holdings PLC has reduced its stake in GATX Corporation by 51.5%, now holding 7,118 shares valued at approximately $1.1 million.
• Several other institutional investors have also adjusted their positions in GATX, with hedge funds and institutions holding 93.14% of the stock.
• Analysts have a positive outlook on GATX, with a target price set at $190.00 and a current average rating of "Moderate Buy."

Hsbc Holdings PLC reduced its position in shares of GATX Corporation (NYSE:GATX - Free Report) by 51.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 7,118 shares of the transportation company's stock after selling 7,558 shares during the quarter. Hsbc Holdings PLC's holdings in GATX were worth $1,101,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Northern Trust Corp boosted its position in shares of GATX by 12.4% during the 4th quarter. Northern Trust Corp now owns 700,603 shares of the transportation company's stock valued at $108,565,000 after acquiring an additional 77,437 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of GATX by 103.4% during the 4th quarter. Ameriprise Financial Inc. now owns 364,492 shares of the transportation company's stock valued at $56,479,000 after acquiring an additional 185,321 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of GATX by 67,875.0% during the 1st quarter. GAMMA Investing LLC now owns 356,189 shares of the transportation company's stock valued at $55,305,000 after acquiring an additional 355,665 shares during the last quarter. Ensign Peak Advisors Inc boosted its position in shares of GATX by 2,826.7% during the 4th quarter. Ensign Peak Advisors Inc now owns 351,264 shares of the transportation company's stock valued at $54,432,000 after acquiring an additional 339,262 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in GATX by 7.4% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 284,465 shares of the transportation company's stock worth $44,168,000 after buying an additional 19,580 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Susquehanna set a $190.00 target price on GATX and gave the stock a "positive" rating in a research report on Monday, August 18th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, GATX presently has a consensus rating of "Moderate Buy" and a consensus price target of $177.67.

GATX Stock Up 0.3%

Shares of GATX stock traded up $0.59 during trading on Thursday, hitting $167.94. 11,669 shares of the stock traded hands, compared to its average volume of 173,880. The firm has a market cap of $5.98 billion, a P/E ratio of 19.21 and a beta of 1.18. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 3.27. GATX Corporation has a 52-week low of $127.69 and a 52-week high of $171.62. The stock's fifty day simple moving average is $157.66 and its 200 day simple moving average is $154.24.

GATX (NYSE:GATX - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported $2.06 EPS for the quarter, beating the consensus estimate of $1.95 by $0.11. The firm had revenue of $430.50 million for the quarter, compared to analyst estimates 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. On average, equities analysts predict that GATX Corporation will post 8.5 earnings per share for the current fiscal year.

GATX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $0.61 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.44 dividend on an annualized basis and a yield of 1.5%. GATX's payout ratio is currently 27.92%.

Insider Activity

In other GATX news, Director Anne L. Arvia sold 979 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $165.35, for a total value of $161,877.65. Following the completion of the transaction, the director directly owned 33,077 shares in the company, valued at approximately $5,469,281.95. The trade was a 2.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Geoffrey Phillips sold 2,100 shares of the business's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $168.74, for a total transaction of $354,354.00. Following the completion of the transaction, the vice president owned 6,740 shares of the company's stock, valued at $1,137,307.60. This represents a 23.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,079 shares of company stock valued at $1,130,786. Company insiders own 2.17% of the company's stock.

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.