Paradigm Capital Management Inc. NY acquired a new position in shares of GATX Corporation (NYSE:GATX - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,550 shares of the transportation company's stock, valued at approximately $1,161,000.
Other hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC grew its holdings in shares of GATX by 0.7% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 7,988 shares of the transportation company's stock valued at $1,355,000 after buying an additional 53 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of GATX by 0.8% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 6,310 shares of the transportation company's stock valued at $1,070,000 after buying an additional 53 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in GATX by 8.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 702 shares of the transportation company's stock valued at $119,000 after buying an additional 55 shares during the period. Assetmark Inc. lifted its holdings in GATX by 50.8% during the 1st quarter. Assetmark Inc. now owns 196 shares of the transportation company's stock worth $33,000 after purchasing an additional 66 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of GATX by 26.5% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 315 shares of the transportation company's stock valued at $55,000 after purchasing an additional 66 shares in the last quarter. Institutional investors own 93.14% of the company's stock.
Insider Buying and Selling at GATX
In other news, CFO Thomas A. Ellman sold 18,200 shares of the business's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $180.08, for a total value of $3,277,456.00. Following the completion of the sale, the chief financial officer owned 34,361 shares in the company, valued at approximately $6,187,728.88. The trade was a 34.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.86% of the company's stock.
Analyst Upgrades and Downgrades
GATX has been the topic of a number of recent analyst reports. Susquehanna boosted their price objective on GATX from $218.00 to $220.00 and gave the company a "positive" rating in a research note on Friday, July 31st. Citigroup upped their price target on GATX from $214.00 to $215.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. The Goldman Sachs Group restated a "buy" rating and issued a $222.00 target price on shares of GATX in a research note on Thursday, May 7th. Finally, Weiss Ratings lowered GATX from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, August 12th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, GATX currently has an average rating of "Buy" and an average target price of $219.00.
Check Out Our Latest Stock Analysis on GATX
GATX Stock Performance
NYSE GATX opened at $178.49 on Tuesday. The business has a 50-day moving average price of $178.61 and a 200-day moving average price of $180.36. GATX Corporation has a twelve month low of $150.42 and a twelve month high of $205.56. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 17.67 and a beta of 1.17. The company has a quick ratio of 3.90, a current ratio of 3.90 and a debt-to-equity ratio of 3.44.
GATX (NYSE:GATX - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The transportation company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.38. GATX had a return on equity of 10.43% and a net margin of 17.94%.The company had revenue of $580.10 million for the quarter, compared to analysts' expectations of $598.77 million. During the same period in the previous year, the firm posted $2.06 earnings per share. The firm's revenue for the quarter was up 34.8% on a year-over-year basis. GATX has set its FY 2026 guidance at 9.900-10.30 EPS. As a group, equities research analysts predict that GATX Corporation will post 10.1 EPS for the current fiscal year.
GATX Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, September 15th. GATX's dividend payout ratio (DPR) is presently 26.14%.
About GATX
(
Free Report)
GATX Corporation NYSE: GATX is a global railcar leasing and asset management company headquartered in Chicago, Illinois. Founded in 1898 as General American Transportation Corporation, GATX has grown into one of the world's leading lessors of railcars, marine vessels and industrial assets. The company's core business focuses on leasing and managing high-value equipment for customers in the energy, industrial, chemical, agricultural and metals markets.
In its Rail North America segment, GATX owns and manages a diverse fleet of more than 60,000 railcars, including tank cars, covered hoppers, boxcars and flatcars.
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