Wellington Management Group LLP Sells 5,765 Shares of GATX Corporation $GATX

Wellington Management Group LLP trimmed its position in shares of GATX Corporation (NYSE:GATX) by 0.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,015,978 shares of the transportation company’s stock after selling 5,765 shares during the period. Wellington Management Group LLP owned approximately 2.85% of GATX worth $157,751,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in GATX. Brooklyn Investment Group acquired a new position in shares of GATX during the 1st quarter worth about $100,000. Algert Global LLC bought a new position in GATX in the 1st quarter worth approximately $590,000. Neuberger Berman Group LLC lifted its holdings in shares of GATX by 9.5% during the first quarter. Neuberger Berman Group LLC now owns 4,672 shares of the transportation company’s stock worth $725,000 after buying an additional 407 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of GATX by 24.8% in the first quarter. Russell Investments Group Ltd. now owns 1,538 shares of the transportation company’s stock valued at $239,000 after acquiring an additional 306 shares during the period. Finally, Nuveen LLC bought a new stake in shares of GATX in the first quarter valued at approximately $15,395,000. 93.14% of the stock is owned by institutional investors and hedge funds.

GATX Stock Down 0.2%

Shares of GATX stock opened at $159.7380 on Thursday. GATX Corporation has a one year low of $127.69 and a one year high of $168.89. 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 stock has a fifty day moving average price of $155.13 and a 200 day moving average price of $154.18. The stock has a market cap of $5.69 billion, a P/E ratio of 18.28 and a beta of 1.18.

GATX (NYSE:GATX) last announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.11. The firm had revenue of $430.50 million for the quarter, compared to analyst estimates of $425.52 million. GATX had a net margin of 19.13% and a return on equity of 12.52%. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. Analysts predict that GATX Corporation will post 8.5 earnings per share for the current year.

GATX Dividend Announcement

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 dividend of $0.61 per share. The ex-dividend date is Monday, September 15th. This represents a $2.44 dividend on an annualized basis and a yield of 1.5%. GATX’s dividend payout ratio (DPR) is currently 27.92%.

Insider Buying and Selling at GATX

In other news, VP Jennifer Mcmanus sold 1,800 shares of the company’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $154.92, for a total value of $278,856.00. Following the sale, the vice president directly owned 3,468 shares in the company, valued at approximately $537,262.56. This represents a 34.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Paul F. Titterton sold 18,700 shares of the firm’s stock in a transaction that occurred on 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 transaction, 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,700 shares of company stock valued at $3,544,096. 2.17% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

GATX has been the topic of a number of research reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of GATX in a research report on Wednesday, April 23rd. Susquehanna set a $190.00 price objective on shares of GATX and gave the stock a “positive” rating in a report on Monday. 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.com, GATX has an average rating of “Moderate Buy” and an average target price of $177.67.

About GATX

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.