Park Avenue Securities LLC Takes $783,000 Position in GATX Corporation $GATX

Key Points

• Park Avenue Securities LLC acquired a new stake in GATX Corporation, purchasing 5,096 shares valued at approximately $783,000 during the second quarter.
• Insiders at GATX sold a total of 17,914 shares worth nearly $2.95 million in the last 90 days, indicating some movement in ownership.
• The company recently declared a quarterly $0.61 dividend, representing an annualized yield of 1.4%, with an ex-dividend date set for September 15th.

Park Avenue Securities LLC bought a new stake in GATX Corporation (NYSE:GATX - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,096 shares of the transportation company's stock, valued at approximately $783,000.

A number of other large investors have also made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in GATX during the first quarter worth about $30,000. TCTC Holdings LLC increased its position in shares of GATX by 117.0% during the first quarter. TCTC Holdings LLC now owns 243 shares of the transportation company's stock valued at $38,000 after purchasing an additional 131 shares during the period. UMB Bank n.a. raised its stake in shares of GATX by 101.2% in the first quarter. UMB Bank n.a. now owns 328 shares of the transportation company's stock valued at $51,000 after purchasing an additional 165 shares in the last quarter. CWM LLC lifted its position 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. Finally, Brooklyn Investment Group acquired a new stake in GATX during the first quarter worth $100,000. Institutional investors and hedge funds own 93.14% of the company's stock.

Insider Activity at GATX

In related news, VP Geoffrey Phillips sold 2,100 shares of the company's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $168.74, for a total transaction of $354,354.00. Following the transaction, the vice president owned 6,740 shares in the company, valued at $1,137,307.60. This represents a 23.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anne L. Arvia sold 979 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $165.35, for a total transaction of $161,877.65. Following the completion of the transaction, the director directly owned 33,077 shares of the company's stock, valued at approximately $5,469,281.95. This represents a 2.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,914 shares of company stock worth $2,953,509 in the last 90 days. Corporate insiders own 2.17% of the company's stock.

GATX Stock Performance

NYSE GATX opened at $176.93 on Friday. GATX Corporation has a 1-year low of $127.69 and a 1-year high of $178.26. The company has a 50 day moving average of $162.51 and a 200-day moving average of $155.43. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 3.27. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 20.24 and a beta of 1.18.

GATX (NYSE:GATX - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The transportation company reported $2.06 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 business had revenue of $430.50 million for 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, equities analysts forecast that GATX Corporation will post 8.5 earnings per share for the current fiscal year.

GATX Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GATX. Citigroup started coverage on shares of GATX in a research report on Monday, September 22nd. They set a "buy" rating and a $201.00 target price on the stock. Susquehanna set a $190.00 price objective on GATX and gave the company a "positive" rating in a report on Monday, August 18th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, GATX currently has a consensus rating of "Moderate Buy" and a consensus target price of $183.50.

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.

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