GATX Corporation $GATX Stake Boosted by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its stake in GATX Corporation by 19.4%, acquiring a total of 17,227 shares valued at approximately $2.68 million.
• Several institutional investors, including Jane Street Group LLC and Millennium Management LLC, have significantly boosted their positions, with Jane Street growing its stake by 280.6% during the same quarter.
• GATX's recent earnings report exceeded expectations, with a net margin of 19.13% and projected 8.5 EPS for the current year, while it also announced a quarterly dividend of $0.61.

Intech Investment Management LLC grew its holdings in GATX Corporation (NYSE:GATX - Free Report) by 19.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,227 shares of the transportation company's stock after acquiring an additional 2,802 shares during the quarter. Intech Investment Management LLC's holdings in GATX were worth $2,675,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC lifted its holdings in shares of GATX by 12.7% during the first quarter. CWM LLC now owns 621 shares of the transportation company's stock worth $96,000 after purchasing an additional 70 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of GATX by 2.3% during the first quarter. State of Alaska Department of Revenue now owns 4,154 shares of the transportation company's stock worth $644,000 after purchasing an additional 95 shares during the period. State of Michigan Retirement System lifted its holdings in shares of GATX by 1.2% during the first quarter. State of Michigan Retirement System now owns 8,512 shares of the transportation company's stock worth $1,322,000 after purchasing an additional 100 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of GATX by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,000 shares of the transportation company's stock worth $1,553,000 after acquiring an additional 100 shares during the period. Finally, Rehmann Capital Advisory Group raised its holdings in shares of GATX by 6.6% during the first quarter. Rehmann Capital Advisory Group now owns 1,753 shares of the transportation company's stock worth $272,000 after purchasing an additional 109 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company's stock.

Insiders Place Their Bets

In related news, VP Geoffrey Phillips sold 2,100 shares of the firm's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $168.74, for a total value of $354,354.00. Following the completion of the transaction, the vice president directly owned 6,740 shares of the company's stock, valued at $1,137,307.60. This trade represents a 23.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Anne L. Arvia sold 979 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $165.35, for a total value of $161,877.65. Following the transaction, the director directly owned 33,077 shares of the company's stock, valued at $5,469,281.95. The trade was a 2.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,914 shares of company stock valued at $2,953,509 over the last 90 days. 2.17% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

GATX Stock Down 0.8%

NYSE GATX traded down $1.34 during trading hours on Friday, hitting $171.36. 82,774 shares of the company were exchanged, compared to its average volume of 176,199. The company has a 50 day moving average of $160.25 and a two-hundred day moving average of $154.61. 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 Corporation has a 52-week low of $127.69 and a 52-week high of $174.64. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 19.61 and a beta of 1.18.

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

GATX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend 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 currently 27.92%.

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.