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

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

Insider Transactions at GATX

In other GATX news, VP Geoffrey Phillips sold 2,100 shares of the stock in a transaction that occurred on 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert C. Lyons sold 12,635 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $166.33, for a total value of $2,101,579.55. Following the transaction, the chief executive officer directly owned 50,575 shares of the company's stock, valued at $8,412,139.75. The trade was a 19.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,914 shares of company stock worth $2,953,509 over the last three months. 2.17% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

GATX Price Performance

NYSE GATX traded down $0.68 during trading hours on Friday, reaching $172.01. The company's stock had a trading volume of 437,692 shares, compared to its average volume of 188,018. The firm has a market capitalization of $6.12 billion, a price-to-earnings ratio of 19.68 and a beta of 1.18. GATX Corporation has a 1-year low of $127.69 and a 1-year high of $174.64. 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 company's 50-day moving average is $160.53 and its two-hundred day moving average is $154.70.

GATX (NYSE:GATX - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The transportation company reported $2.06 earnings per share for the quarter, topping analysts' consensus estimates of $1.95 by $0.11. The company 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. On average, equities analysts predict that GATX Corporation will post 8.5 EPS for the current year.

GATX Dividend Announcement

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

GATX Company 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.