Wellington Management Group LLP Has $157.75 Million Holdings in GATX Corporation $GATX

Key Points

• Wellington Management Group LLP reduced its stake in GATX Corporation by 0.6%, selling 5,765 shares, and now owns approximately 1,015,978 shares valued at $157.75 million.
• GATX recently reported earnings of $2.06 per share, surpassing analyst expectations, with a revenue of $430.50 million for the quarter.
• The company declared a quarterly dividend of $0.61 per share, scheduled for payment on September 30th, reflecting a 1.5% yield.

Wellington Management Group LLP lowered its holdings in GATX Corporation (NYSE:GATX - Free Report) by 0.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,015,978 shares of the transportation company's stock after selling 5,765 shares during the quarter. Wellington Management Group LLP owned about 2.85% of GATX worth $157,751,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GATX. Thurston Springer Miller Herd & Titak Inc. acquired a new position in GATX during the 1st quarter worth about $30,000. TCTC Holdings LLC raised 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 bought a new position in shares of GATX in the fourth quarter worth about $39,000. UMB Bank n.a. lifted its position 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 worth $51,000 after purchasing an additional 165 shares in the last quarter. Finally, CWM LLC grew its stake in shares of GATX by 12.7% during the first quarter. CWM LLC now owns 621 shares of the transportation company's stock valued at $96,000 after purchasing an additional 70 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors and hedge funds.

GATX Stock Up 0.1%

Shares of NYSE:GATX traded up $0.10 during trading on Tuesday, hitting $164.94. 201,657 shares of the company's stock traded hands, compared to its average volume of 171,672. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 3.27. The company has a 50-day moving average price of $155.98 and a 200-day moving average price of $154.06. GATX Corporation has a 52 week low of $127.69 and a 52 week high of $168.89. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 18.87 and a beta of 1.18.

GATX (NYSE:GATX - Get Free Report) last posted its 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 analysts' expectations of $425.52 million. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. As a group, research analysts forecast that GATX Corporation will post 8.5 EPS for the current fiscal year.

GATX Announces Dividend

The business 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. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, September 15th. GATX's dividend payout ratio (DPR) is presently 27.92%.

Analysts Set New Price Targets

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

Insider Activity at GATX

In other GATX news, EVP Paul F. Titterton sold 18,700 shares of GATX stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $156.66, for a total value of $2,929,542.00. Following the sale, the executive vice president owned 10,468 shares of the company's stock, valued at $1,639,916.88. This trade represents a 64.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Anne L. Arvia sold 979 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $165.35, for a total value of $161,877.65. Following the completion of the sale, the director owned 33,077 shares in the company, valued at approximately $5,469,281.95. This trade represents a 2.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,679 shares of company stock valued at $3,705,974. 2.17% of the stock is owned by insiders.

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.