Level Four Advisory Services LLC Raises Stock Holdings in GATX Corporation $GATX

Key Points

• Level Four Advisory Services LLC increased its stake in GATX Corporation by 34.6%, now owning 34,688 shares valued at approximately $5.39 million.
• GATX reported $2.06 earnings per share for the last quarter, exceeding analysts' expectations, and forecasts 8.5 EPS for FY 2025.
• The company announced a quarterly dividend of $0.61 per share, representing a 1.5% dividend yield, with an ex-dividend date set for September 15th.

Level Four Advisory Services LLC grew its holdings in shares of GATX Corporation (NYSE:GATX - Free Report) by 34.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,688 shares of the transportation company's stock after acquiring an additional 8,925 shares during the quarter. Level Four Advisory Services LLC owned about 0.10% of GATX worth $5,386,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in GATX in the 4th quarter worth approximately $5,391,000. Canada Pension Plan Investment Board increased its stake in GATX by 225.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,300 shares of the transportation company's stock worth $201,000 after purchasing an additional 900 shares during the period. MetLife Investment Management LLC increased its stake in GATX by 7.5% in the 4th quarter. MetLife Investment Management LLC now owns 40,906 shares of the transportation company's stock worth $6,339,000 after purchasing an additional 2,849 shares during the period. MML Investors Services LLC increased its stake in GATX by 1.4% in the 4th quarter. MML Investors Services LLC now owns 11,139 shares of the transportation company's stock worth $1,726,000 after purchasing an additional 156 shares during the period. Finally, Hsbc Holdings PLC increased its stake in GATX by 411.0% in the 4th quarter. Hsbc Holdings PLC now owns 14,676 shares of the transportation company's stock worth $2,287,000 after purchasing an additional 11,804 shares during the period. Institutional investors own 93.14% of the company's stock.

GATX Stock Up 0.2%

GATX stock traded up $0.28 during midday trading on Tuesday, hitting $165.12. The stock had a trading volume of 45,904 shares, compared to its average volume of 173,250. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 18.87 and a beta of 1.18. The business has a 50-day moving average of $155.71 and a two-hundred day moving average of $153.98. GATX Corporation has a 52-week low of $127.69 and a 52-week high of $168.89. The company has a debt-to-equity ratio of 3.27, a current ratio of 2.93 and a quick ratio of 2.93.

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 the consensus estimate of $1.95 by $0.11. The company had revenue of $430.50 million for 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. As a group, equities research analysts forecast that GATX Corporation will post 8.5 earnings per share for the current fiscal year.

GATX Dividend Announcement

The business 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. This represents a $2.44 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, September 15th. GATX's payout ratio is 27.92%.

Analyst Ratings Changes

Separately, Susquehanna set a $190.00 price target on GATX and gave the stock a "positive" rating in a research note on Monday, August 18th. Two equities research 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 currently has a consensus rating of "Moderate Buy" and an average price target of $177.67.

Insider Buying and Selling

In other GATX news, SVP Kevin Hillesland sold 2,200 shares of the business's stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $152.59, for a total value of $335,698.00. Following the sale, the senior vice president directly owned 7,606 shares of the company's stock, valued at approximately $1,160,599.54. The trade was a 22.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Jennifer Mcmanus sold 1,800 shares of the business's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $154.92, for a total value of $278,856.00. Following the completion of the sale, the vice president directly owned 3,468 shares in the company, valued at $537,262.56. This trade represents a 34.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,679 shares of company stock valued at $3,705,974. 2.17% of the stock is owned by insiders.

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.