Northern Trust Corp Has $105.64 Million Stock Holdings in GATX Corporation $GATX

Key Points

• Northern Trust Corp reduced its stake in GATX Corporation by 2.9% during the first quarter, holding 680,368 shares valued at approximately $105.64 million at quarter-end.
• GATX recently reported an earnings per share (EPS) of $2.06, exceeding analysts' expectations of $1.95, with total revenue of $430.5 million for the quarter.
• The company announced a quarterly dividend of $0.61, with an ex-dividend date of September 15th, representing an annual yield of 1.5%.

Northern Trust Corp reduced its stake in shares of GATX Corporation (NYSE:GATX - Free Report) by 2.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 680,368 shares of the transportation company's stock after selling 20,235 shares during the quarter. Northern Trust Corp owned about 1.91% of GATX worth $105,641,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in GATX in the first quarter valued at approximately $30,000. TCTC Holdings LLC raised its holdings in GATX by 117.0% in the first quarter. TCTC Holdings LLC now owns 243 shares of the transportation company's stock worth $38,000 after purchasing an additional 131 shares during the period. Orion Capital Management LLC acquired a new stake in GATX in the fourth quarter worth $39,000. UMB Bank n.a. raised its holdings in GATX by 101.2% in the first quarter. UMB Bank n.a. now owns 328 shares of the transportation company's stock worth $51,000 after purchasing an additional 165 shares during the period. Finally, CWM LLC raised its holdings in GATX by 12.7% in 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. 93.14% of the stock is owned by institutional investors.

Insider Activity at GATX

In other GATX news, EVP Paul F. Titterton sold 18,700 shares of GATX stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $156.66, for a total value of $2,929,542.00. Following the completion of the sale, the executive vice president owned 10,468 shares in the company, valued at $1,639,916.88. The trade was a 64.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kevin Hillesland sold 2,200 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $152.59, for a total transaction 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. This trade represents a 22.44% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,679 shares of company stock worth $3,705,974. 2.17% of the stock is currently owned by corporate insiders.

GATX Stock Performance

Shares of GATX traded up $3.15 during midday trading on Thursday, reaching $169.18. The stock had a trading volume of 170,392 shares, compared to its average volume of 173,965. The firm has a 50 day simple moving average of $156.23 and a 200-day simple moving average of $154.14. GATX Corporation has a one year low of $127.69 and a one year high of $171.62. The firm has a market cap of $6.02 billion, a PE ratio of 19.35 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 (NYSE:GATX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The transportation company reported $2.06 EPS for the quarter, beating analysts' consensus estimates of $1.95 by $0.11. The company had revenue of $430.50 million during the quarter, compared to the consensus estimate of $425.52 million. GATX had a net margin of 19.13% and a return on equity of 12.52%. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. As a group, sell-side analysts anticipate that GATX Corporation will post 8.5 EPS for the current year.

GATX Dividend Announcement

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

Analysts Set New Price Targets

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

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.