Nuveen LLC Buys Shares of 99,149 GATX Corporation $GATX

Key Points

• Nuveen LLC invested approximately $15.4 million to acquire 99,149 shares of GATX Corporation, representing a stake of about 0.28% in the transportation company.
• Analysts have given GATX a consensus rating of "Moderate Buy" with a price target of $177.67, with recent reports from Goldman Sachs maintaining a "buy" rating.
• GATX announced a quarterly dividend of $0.61 per share, which represents an annualized yield of 1.5%, scheduled for payment on September 30th.

Nuveen LLC bought a new stake in shares of GATX Corporation (NYSE:GATX - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 99,149 shares of the transportation company's stock, valued at approximately $15,395,000. Nuveen LLC owned 0.28% of GATX at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GATX. Earnest Partners LLC grew its stake 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 purchasing an additional 35,890 shares during the last quarter. Northern Trust Corp grew its stake in shares of GATX by 12.4% in the 4th quarter. Northern Trust Corp now owns 700,603 shares of the transportation company's stock worth $108,565,000 after purchasing an additional 77,437 shares during the last quarter. Ameriprise Financial Inc. grew its stake 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 purchasing an additional 185,321 shares during the last quarter. GAMMA Investing LLC grew its stake 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 purchasing an additional 355,665 shares during the last quarter. Finally, Ensign Peak Advisors Inc grew its stake 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 purchasing an additional 339,262 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company's stock.

GATX Stock Up 0.1%

Shares of GATX stock traded up $0.10 during trading on Tuesday, hitting $164.94. 201,657 shares of the company were exchanged, compared to its average volume of 171,672. 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 capitalization of $5.87 billion, a price-to-earnings ratio of 18.87 and a beta of 1.18. The business's 50-day simple moving average is $155.98 and its 200 day simple moving average is $154.06. GATX Corporation has a twelve month low of $127.69 and a twelve month high of $168.89.

GATX (NYSE:GATX - Get Free Report) last posted its earnings results on Tuesday, July 29th. The transportation company reported $2.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.95 by $0.11. The firm had revenue of $430.50 million during the quarter, compared to analysts' expectations 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, analysts forecast that GATX Corporation will post 8.5 EPS for the current fiscal 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 paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, September 15th. GATX's dividend payout ratio is presently 27.92%.

Insider Activity at GATX

In other GATX news, VP Jennifer Mcmanus sold 1,800 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $154.92, for a total value of $278,856.00. Following the sale, the vice president owned 3,468 shares of the company's stock, valued at $537,262.56. The trade was a 34.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Paul F. Titterton sold 18,700 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $156.66, for a total transaction of $2,929,542.00. Following the completion of the sale, the executive vice president directly owned 10,468 shares in the company, valued at $1,639,916.88. This trade represents a 64.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,679 shares of company stock valued at $3,705,974 in the last 90 days. 2.17% of the stock is owned by company insiders.

Analyst Ratings Changes

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 research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.