Jump Financial LLC Acquires 5,690 Shares of GATX Corporation $GATX

Key Points

• Jump Financial LLC increased its stake in GATX Corporation by 437.7%, owning 6,990 shares valued at approximately $1,085,000 by the end of the most recent quarter.
• GATX received a $190.00 price target with a "positive" rating from Susquehanna, contributing to a current consensus rating of "Moderate Buy".
• The company recently announced a quarterly dividend of $0.61 per share, with a payout ratio of 27.92%, scheduled for payment on September 30th.

Jump Financial LLC boosted its stake in shares of GATX Corporation (NYSE:GATX - Free Report) by 437.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,990 shares of the transportation company's stock after purchasing an additional 5,690 shares during the quarter. Jump Financial LLC's holdings in GATX were worth $1,085,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC grew its stake in shares of GATX by 12.7% in the first quarter. CWM LLC now owns 621 shares of the transportation company's stock valued at $96,000 after acquiring an additional 70 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in GATX by 2.3% in the 1st quarter. State of Alaska Department of Revenue now owns 4,154 shares of the transportation company's stock valued at $644,000 after purchasing an additional 95 shares during the period. State of Michigan Retirement System grew its position in shares of GATX by 1.2% during the 1st 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 in the last quarter. Louisiana State Employees Retirement System grew its position in shares of GATX by 1.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 10,000 shares of the transportation company's stock worth $1,553,000 after purchasing an additional 100 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its position in shares of GATX by 6.6% during the 1st 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 in the last quarter. Institutional investors and hedge funds own 93.14% of the company's stock.

Insiders Place Their Bets

In other GATX news, Director Anne L. Arvia sold 979 shares of GATX stock in a transaction dated 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 owned 33,077 shares in the company, valued at $5,469,281.95. The trade was a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Kevin Hillesland sold 2,200 shares of GATX stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $152.59, for a total value of $335,698.00. Following the completion of the transaction, the senior vice president owned 7,606 shares in the company, valued at approximately $1,160,599.54. This represents a 22.44% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,079 shares of company stock valued at $1,130,786. 2.17% of the stock is owned by corporate insiders.

GATX Price Performance

Shares of GATX stock traded up $1.09 on Thursday, reaching $168.44. 134,108 shares of the stock were exchanged, compared to its average volume of 153,005. The firm's 50 day moving average is $157.93 and its 200-day moving average is $154.27. GATX Corporation has a one year low of $127.69 and a one year high of $171.62. The company has a debt-to-equity ratio of 3.27, a quick ratio of 2.93 and a current ratio of 2.93. The firm has a market cap of $6.00 billion, a PE ratio of 19.27 and a beta of 1.18.

GATX (NYSE:GATX - Get Free Report) last issued 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. GATX had a net margin of 19.13% and a return on equity of 12.52%. The company had revenue of $430.50 million during the quarter, compared to the consensus estimate of $425.52 million. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. As a group, analysts anticipate that GATX Corporation will post 8.5 EPS for the current fiscal year.

GATX Dividend Announcement

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 paid a $0.61 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.44 annualized dividend and a yield of 1.4%. GATX's dividend payout ratio (DPR) is 27.92%.

Analysts Set New Price Targets

Separately, Susquehanna set a $190.00 target price on shares of GATX and gave the stock a "positive" rating in a research 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $177.67.

About GATX

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.