Strs Ohio Takes Position in GATX Corporation $GATX

Key Points

• Strs Ohio has made a new investment in GATX Corporation, purchasing 3,600 shares valued at approximately $559,000 during the first quarter.
• GATX has received a positive rating from Susquehanna with a target price of $190.00, while the stock has a consensus rating of "Moderate Buy" and a target price of $177.67.
• The company recently announced a quarterly dividend of $0.61 per share, set to pay out on September 30th, indicating a dividend yield of 1.4%.

Strs Ohio purchased a new position in shares of GATX Corporation (NYSE:GATX - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,600 shares of the transportation company's stock, valued at approximately $559,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in GATX in the 1st quarter valued at about $30,000. TCTC Holdings LLC increased its stake in GATX by 117.0% during the first quarter. TCTC Holdings LLC now owns 243 shares of the transportation company's stock worth $38,000 after purchasing an additional 131 shares during the period. UMB Bank n.a. increased its stake in GATX by 101.2% during the first quarter. UMB Bank n.a. now owns 328 shares of the transportation company's stock worth $51,000 after purchasing an additional 165 shares during the period. CWM LLC increased its stake in GATX by 12.7% during 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 purchased a new stake in GATX during the first quarter worth about $100,000. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

GATX Price Performance

NYSE:GATX traded up $0.25 during trading hours on Tuesday, hitting $176.20. The company's stock had a trading volume of 49,963 shares, compared to its average volume of 178,308. The business's 50-day moving average is $160.87 and its two-hundred day moving average is $154.80. The company has a market capitalization of $6.27 billion, a PE ratio of 20.18 and a beta of 1.18. The company has a debt-to-equity ratio of 3.27, a quick ratio of 2.93 and a current ratio of 2.93. GATX Corporation has a 52-week low of $127.69 and a 52-week high of $178.26.

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 analysts' expectations 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. As a group, research analysts anticipate that GATX Corporation will post 8.5 EPS for the current fiscal year.

GATX Announces Dividend

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

Insider Transactions at GATX

In related 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 completion of the sale, the chief executive officer owned 50,575 shares in the company, valued at approximately $8,412,139.75. This trade represents a 19.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Anne L. Arvia sold 979 shares of GATX stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $165.35, for a total value of $161,877.65. Following the sale, the director owned 33,077 shares of the company's stock, valued at approximately $5,469,281.95. This represents a 2.87% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,914 shares of company stock worth $2,953,509. Corporate insiders own 2.17% of the company's stock.

Analysts Set New Price Targets

GATX has been the topic of a number of recent research reports. Susquehanna set a $190.00 price target on shares of GATX and gave the stock a "positive" rating in a research note on Monday, August 18th. Citigroup initiated coverage on shares of GATX in a research note on Monday. They set a "buy" rating and a $201.00 price target on the stock. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $183.50.

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.