Petrus Trust Company LTA Invests $496,000 in GATX Corporation $GATX

Key Points

• Petrus Trust Company LTA has acquired a new stake in GATX Corporation valued at approximately $496,000, purchasing 3,194 shares during the first quarter.
• Insider trading activity includes the sale of 12,635 shares by CEO Robert C. Lyons, marking a 19.99% decrease in his ownership, while Director Anne L. Arvia also sold 979 shares of the company.
• GATX reported better-than-expected quarterly earnings of $2.06 per share, surpassing estimates and setting a target EPS guidance of 8.500-8.900 for fiscal year 2025.

Petrus Trust Company LTA purchased a new position in shares of GATX Corporation (NYSE:GATX - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,194 shares of the transportation company's stock, valued at approximately $496,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in GATX. Principal Financial Group Inc. lifted its stake in shares of GATX by 0.9% in the first quarter. Principal Financial Group Inc. now owns 82,389 shares of the transportation company's stock worth $12,793,000 after acquiring an additional 767 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of GATX by 3.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,356 shares of the transportation company's stock worth $521,000 after acquiring an additional 126 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of GATX by 29.4% in the first quarter. Teacher Retirement System of Texas now owns 8,796 shares of the transportation company's stock worth $1,366,000 after acquiring an additional 1,997 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of GATX by 6.1% in the first quarter. Janney Montgomery Scott LLC now owns 2,523 shares of the transportation company's stock worth $392,000 after acquiring an additional 146 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of GATX by 337.8% in the first quarter. GAMMA Investing LLC now owns 2,294 shares of the transportation company's stock worth $356,000 after acquiring an additional 1,770 shares during the period. 93.14% of the stock is currently owned by institutional investors.

GATX Trading Up 0.0%

GATX traded up $0.07 during trading on Friday, hitting $171.45. The company's stock had a trading volume of 56,717 shares, compared to its average volume of 173,825. GATX Corporation has a twelve month low of $127.69 and a twelve month high of $172.08. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 3.27. The stock's fifty day moving average price is $159.13 and its 200-day moving average price is $154.42. The firm has a market capitalization of $6.10 billion, a P/E ratio of 19.62 and a beta of 1.18.

GATX (NYSE:GATX - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The transportation company reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.11. GATX had a return on equity of 12.52% and a net margin of 19.13%.The firm 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. Analysts anticipate that GATX Corporation will post 8.5 EPS for the current 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 paid a $0.61 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.44 annualized dividend and a yield of 1.4%. GATX's payout ratio is 27.92%.

Insiders Place Their Bets

In other GATX news, CEO Robert C. Lyons sold 12,635 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $166.33, for a total value of $2,101,579.55. Following the transaction, the chief executive officer directly owned 50,575 shares of the company's stock, valued at approximately $8,412,139.75. The trade was a 19.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kevin Hillesland sold 2,200 shares of the business's stock in a transaction that occurred 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 transaction, the senior vice president directly owned 7,606 shares in the company, valued at approximately $1,160,599.54. This trade represents a 22.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,914 shares of company stock valued at $2,953,509 in the last ninety days. 2.17% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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