State Farm Mutual Automobile Insurance Co. Sells 64,066 Shares of GATX Corporation $GATX

Key Points

• State Farm Mutual Automobile Insurance Co. has decreased its stake in GATX Corporation by 1.1%, holding approximately 5.56 million shares valued at $863 million as of their last SEC filing.
• GATX reported earnings of $2.06 per share, exceeding analysts' expectations, with a net margin of 19.13% and revenue of $430.5 million for the last quarter.
• The company recently declared a quarterly dividend of $0.61 per share, with an annualized yield of 1.6%, aiming to reward shareholders on September 30th.

State Farm Mutual Automobile Insurance Co. reduced its stake in GATX Corporation (NYSE:GATX - Free Report) by 1.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,559,676 shares of the transportation company's stock after selling 64,066 shares during the period. State Farm Mutual Automobile Insurance Co. owned 15.57% of GATX worth $863,251,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in GATX during the 1st quarter valued at approximately $30,000. TCTC Holdings LLC grew its stake in shares of GATX by 117.0% in the first quarter. TCTC Holdings LLC now owns 243 shares of the transportation company's stock worth $38,000 after acquiring an additional 131 shares during the last quarter. Orion Capital Management LLC purchased a new stake in shares of GATX in the fourth quarter worth $39,000. UMB Bank n.a. increased its holdings in shares of GATX by 101.2% during the first quarter. UMB Bank n.a. now owns 328 shares of the transportation company's stock valued at $51,000 after acquiring an additional 165 shares in the last quarter. Finally, CWM LLC raised its position in shares of GATX by 12.7% in the 1st quarter. CWM LLC now owns 621 shares of the transportation company's stock worth $96,000 after purchasing an additional 70 shares during the last quarter. 93.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on GATX. Susquehanna set a $190.00 price target on shares of GATX and gave the stock a "positive" rating in a research note on Monday. The Goldman Sachs Group restated a "buy" rating on shares of GATX in a research note on Wednesday, April 23rd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $177.67.

GATX Stock Performance

GATX stock traded down $0.3920 during midday trading on Wednesday, hitting $159.7380. The stock had a trading volume of 113,929 shares, compared to its average volume of 175,099. The company has a market capitalization of $5.69 billion, a PE ratio of 18.28 and a beta of 1.18. GATX Corporation has a 52-week low of $127.69 and a 52-week high of $168.89. The firm's fifty day moving average is $155.13 and its two-hundred day moving average is $154.18. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 3.27.

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, 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 during 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, research analysts forecast that GATX Corporation will post 8.5 EPS for the current year.

GATX Announces Dividend

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. 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 Buying and Selling at GATX

In other news, VP Jennifer Mcmanus sold 1,800 shares of GATX stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $154.92, for a total transaction of $278,856.00. Following the sale, the vice president owned 3,468 shares in the company, valued at $537,262.56. This trade represents a 34.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Kevin Hillesland sold 2,200 shares of the firm's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $152.59, for a total transaction of $335,698.00. Following the transaction, the senior vice president directly owned 7,606 shares of the company's stock, valued at $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 sold a total of 22,700 shares of company stock valued at $3,544,096 in the last three months. 2.17% of the stock is currently owned by corporate insiders.

GATX Company 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.