GATX Corporation $GATX Shares Sold by Northern Trust Corp

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

Several other hedge funds also recently made changes to their positions in the company. Earnest Partners LLC grew its position in shares of GATX by 1.2% in the 4th quarter. Earnest Partners LLC now owns 3,113,589 shares of the transportation company's stock worth $482,482,000 after acquiring an additional 35,890 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of GATX by 103.4% in the 4th quarter. Ameriprise Financial Inc. now owns 364,492 shares of the transportation company's stock worth $56,479,000 after acquiring an additional 185,321 shares in the last quarter. GAMMA Investing LLC grew its position in shares of GATX by 67,875.0% in the 1st quarter. GAMMA Investing LLC now owns 356,189 shares of the transportation company's stock worth $55,305,000 after acquiring an additional 355,665 shares in the last quarter. Ensign Peak Advisors Inc grew its position in shares of GATX by 2,826.7% in the 4th quarter. Ensign Peak Advisors Inc now owns 351,264 shares of the transportation company's stock worth $54,432,000 after acquiring an additional 339,262 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its position in GATX by 7.4% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 284,465 shares of the transportation company's stock valued at $44,168,000 after purchasing an additional 19,580 shares during the period. Institutional investors and hedge funds own 93.14% of the company's stock.

GATX Stock Performance

GATX stock traded down $1.66 during trading on Friday, reaching $168.42. 218,600 shares of the company's stock were exchanged, compared to its average volume of 158,409. 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 1-year low of $127.69 and a 1-year high of $171.62. The company's fifty day moving average price is $156.87 and its 200-day moving average price is $154.19. 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 announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported $2.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.95 by $0.11. GATX had a return on equity of 12.52% and a net margin of 19.13%.The company had revenue of $430.50 million during the quarter, compared to analyst estimates of $425.52 million. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. On average, research analysts expect that GATX Corporation will post 8.5 EPS for the current fiscal year.

GATX Dividend Announcement

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

Wall Street Analyst Weigh In

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

Insider Activity at GATX

In other news, EVP Paul F. Titterton sold 18,700 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was 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. This represents a 64.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Kevin Hillesland sold 2,200 shares of the company's stock in a transaction on 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 sale, the senior vice president 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. Insiders have sold a total of 25,779 shares of company stock worth $4,060,328 in the last ninety days. 2.17% of the stock is currently owned by corporate insiders.

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.