Raymond James Financial Inc. Sells 3,296 Shares of GATX Corporation $GATX

Key Points

• Raymond James Financial Inc. reduced its holdings in GATX Corporation by 9.5%, owning 31,492 shares valued at approximately $4.89 million after selling 3,296 shares in the first quarter.
• GATX recently announced a quarterly dividend of $0.61 per share, with an ex-dividend date of September 15th, representing an annualized dividend yield of 1.4%.
• The company reported a strong quarterly earnings result with $2.06 EPS, surpassing analysts' expectations, and set its FY 2025 guidance at 8.500-8.900 EPS.

Raymond James Financial Inc. cut its stake in shares of GATX Corporation (NYSE:GATX - Free Report) by 9.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,492 shares of the transportation company's stock after selling 3,296 shares during the period. Raymond James Financial Inc. owned about 0.09% of GATX worth $4,890,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its stake in shares of GATX by 103.4% during the 4th quarter. Ameriprise Financial Inc. now owns 364,492 shares of the transportation company's stock valued at $56,479,000 after buying an additional 185,321 shares during the period. GAMMA Investing LLC raised its holdings in shares of GATX by 67,875.0% during the first 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 boosted its position in GATX by 2,826.7% during the fourth quarter. Ensign Peak Advisors Inc now owns 351,264 shares of the transportation company's stock valued at $54,432,000 after purchasing an additional 339,262 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in GATX by 7.4% in the first 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 in the last quarter. Finally, Natixis Advisors LLC increased its position in GATX by 10.2% in the 1st quarter. Natixis Advisors LLC now owns 198,255 shares of the transportation company's stock worth $30,784,000 after purchasing an additional 18,363 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company's stock.

Insider Buying and Selling at GATX

In other news, CEO Robert C. Lyons sold 12,635 shares of GATX stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $166.33, for a total transaction of $2,101,579.55. Following the transaction, the chief executive officer owned 50,575 shares in the company, valued at $8,412,139.75. The trade was a 19.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Kevin Hillesland sold 2,200 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $152.59, for a total value of $335,698.00. Following the sale, the senior vice president directly owned 7,606 shares of the company's stock, valued at approximately $1,160,599.54. The trade was a 22.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,714 shares of company stock worth $3,232,365 in the last three months. 2.17% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

GATX Stock Performance

Shares of GATX traded up $0.36 on Wednesday, reaching $168.44. 214,574 shares of the stock traded hands, compared to its average volume of 154,470. GATX Corporation has a 12 month low of $127.69 and a 12 month high of $171.62. The firm has a market cap of $6.00 billion, a price-to-earnings ratio of 19.27 and a beta of 1.18. The company has a debt-to-equity ratio of 3.27, a current ratio of 2.93 and a quick ratio of 2.93. The stock's 50-day moving average price is $158.89 and its 200-day moving average price is $154.36.

GATX (NYSE:GATX - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The transportation company reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.11. The firm had revenue of $430.50 million during the quarter, compared to analyst estimates of $425.52 million. GATX had a return on equity of 12.52% and a net margin of 19.13%. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. Equities analysts forecast that GATX Corporation will post 8.5 EPS for the current fiscal year.

GATX Announces Dividend

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

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.