Triasima Portfolio Management inc. Buys 9,690 Shares of GATX Corporation $GATX

Key Points

• Triasima Portfolio Management inc. increased its stake in GATX Corporation by 66.9%, acquiring an additional 9,690 shares, bringing its total ownership to 24,176 shares valued at approximately $3.71 million.
• The stock received a "buy" rating from multiple analysts, with a consensus price target of $183.50 and price objectives ranging from $190.00 to $201.00.
• GATX recently announced a quarterly dividend of $0.61, resulting in an annualized yield of 1.4%, with a payout ratio of 27.92%.

Triasima Portfolio Management inc. boosted its stake in GATX Corporation (NYSE:GATX - Free Report) by 66.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,176 shares of the transportation company's stock after acquiring an additional 9,690 shares during the period. Triasima Portfolio Management inc. owned 0.07% of GATX worth $3,712,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in GATX by 0.9% during the first quarter. Principal Financial Group Inc. now owns 82,389 shares of the transportation company's stock valued at $12,793,000 after buying an additional 767 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in GATX by 3.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,356 shares of the transportation company's stock valued at $521,000 after buying an additional 126 shares during the period. Teacher Retirement System of Texas lifted its position in GATX by 29.4% during the first quarter. Teacher Retirement System of Texas now owns 8,796 shares of the transportation company's stock valued at $1,366,000 after buying an additional 1,997 shares during the period. Janney Montgomery Scott LLC lifted its position in GATX by 6.1% during the first quarter. Janney Montgomery Scott LLC now owns 2,523 shares of the transportation company's stock valued at $392,000 after buying an additional 146 shares during the period. Finally, GAMMA Investing LLC lifted its position in GATX by 337.8% during the first quarter. GAMMA Investing LLC now owns 2,294 shares of the transportation company's stock valued at $356,000 after buying an additional 1,770 shares during the period. Hedge funds and other institutional investors own 93.14% of the company's stock.

Wall Street Analyst Weigh In

GATX has been the subject of several recent research reports. Citigroup initiated coverage on GATX in a research report on Monday, September 22nd. They set a "buy" rating and a $201.00 price objective for the company. Susquehanna set a $190.00 price objective on GATX and gave the company a "positive" rating in a research report on Monday, August 18th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of GATX in a research report on Saturday, September 27th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $183.50.

Insiders Place Their Bets

In other GATX news, Director Anne L. Arvia sold 979 shares of the business's 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 completion of the transaction, the director owned 33,077 shares of the company's stock, valued at approximately $5,469,281.95. The trade was a 2.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert C. Lyons sold 12,635 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 50,575 shares of the company's stock, valued at approximately $8,412,139.75. This trade represents a 19.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,914 shares of company stock worth $2,953,509 in the last 90 days. Corporate insiders own 2.17% of the company's stock.

GATX Price Performance

GATX opened at $173.87 on Wednesday. The stock has a 50-day moving average price of $165.53 and a 200-day moving average price of $156.45. 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 firm has a market cap of $6.19 billion, a PE ratio of 19.89 and a beta of 1.18. GATX Corporation has a 1 year low of $130.95 and a 1 year high of $178.26.

GATX (NYSE:GATX - Get Free Report) last posted its quarterly earnings results 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. GATX had a return on equity of 12.52% and a net margin of 19.13%.The firm 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. Sell-side analysts predict that GATX Corporation will post 8.5 earnings per share for the current fiscal year.

GATX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a $0.61 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.44 dividend on an annualized basis and a yield of 1.4%. GATX's payout ratio is 27.92%.

GATX 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.

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