The Manufacturers Life Insurance Company Invests $5.75 Million in GATX Corporation $GATX

The Manufacturers Life Insurance Company purchased a new stake in GATX Corporation (NYSE:GATX - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 32,467 shares of the transportation company's stock, valued at approximately $5,753,000. The Manufacturers Life Insurance Company owned about 0.09% of GATX as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Larson Financial Group LLC increased its holdings in GATX by 364.5% in the 3rd quarter. Larson Financial Group LLC now owns 144 shares of the transportation company's stock worth $25,000 after purchasing an additional 113 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in GATX in the fourth quarter valued at about $27,000. Los Angeles Capital Management LLC acquired a new stake in shares of GATX during the fourth quarter valued at about $27,000. Rothschild Investment LLC boosted its stake in shares of GATX by 127.6% during the fourth quarter. Rothschild Investment LLC now owns 173 shares of the transportation company's stock valued at $29,000 after purchasing an additional 97 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of GATX during the second quarter worth about $32,000. Institutional investors and hedge funds own 93.14% of the company's stock.

Wall Street Analyst Weigh In

GATX has been the subject of several recent research reports. Weiss Ratings downgraded GATX from a "buy (b)" rating to a "buy (b-)" rating in a research note on Wednesday, August 12th. The Goldman Sachs Group reissued a "buy" rating and set a $222.00 target price on shares of GATX in a report on Thursday, May 7th. Susquehanna upped their price target on shares of GATX from $218.00 to $220.00 and gave the company a "positive" rating in a research report on Friday, July 31st. Finally, Citigroup raised their price target on shares of GATX from $214.00 to $215.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $219.00.

GATX Stock Down 1.4%

Shares of GATX opened at $175.10 on Tuesday. The stock's 50-day moving average price is $178.69 and its two-hundred day moving average price is $179.99. GATX Corporation has a 12 month low of $150.42 and a 12 month high of $205.56. The company has a market capitalization of $6.18 billion, a PE ratio of 17.34 and a beta of 1.17. The company has a current ratio of 3.90, a quick ratio of 3.90 and a debt-to-equity ratio of 3.44.

GATX (NYSE:GATX - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The transportation company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.38. GATX had a return on equity of 10.43% and a net margin of 17.94%.The company had revenue of $580.10 million during the quarter, compared to analysts' expectations of $598.77 million. During the same quarter in the prior year, the firm posted $2.06 earnings per share. The business's quarterly revenue was up 34.8% on a year-over-year basis. GATX has set its FY 2026 guidance at 9.900-10.30 EPS. On average, analysts anticipate that GATX Corporation will post 10.1 EPS for the current year.

GATX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.66 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.64 annualized dividend and a yield of 1.5%. GATX's dividend payout ratio is presently 26.14%.

Insider Buying and Selling

In other GATX news, CFO Thomas A. Ellman sold 18,200 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $180.08, for a total transaction of $3,277,456.00. Following the completion of the sale, the chief financial officer owned 34,361 shares of the company's stock, valued at approximately $6,187,728.88. This represents a 34.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Eren Doygun sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $179.52, for a total transaction of $179,520.00. Following the transaction, the senior vice president owned 5,323 shares of the company's stock, valued at approximately $955,584.96. The trade was a 15.82% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.86% of the company's stock.

GATX Profile

GATX Corporation NYSE: GATX is a global railcar leasing and asset management company headquartered in Chicago, Illinois. Founded in 1898 as General American Transportation Corporation, GATX has grown into one of the world's leading lessors of railcars, marine vessels and industrial assets. The company's core business focuses on leasing and managing high-value equipment for customers in the energy, industrial, chemical, agricultural and metals markets.

In its Rail North America segment, GATX owns and manages a diverse fleet of more than 60,000 railcars, including tank cars, covered hoppers, boxcars and flatcars.

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