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

Triasima Portfolio Management inc. raised its position in shares of GATX Corporation (NYSE:GATX) by 66.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,176 shares of the transportation company’s stock after purchasing an additional 9,690 shares during the quarter. Triasima Portfolio Management inc.’s holdings in GATX were worth $3,712,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. TCTC Holdings LLC grew its stake in shares of GATX by 117.0% during the 1st quarter. TCTC Holdings LLC now owns 243 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 131 shares during the period. UMB Bank n.a. grew its stake in shares of GATX by 101.2% during the 1st quarter. UMB Bank n.a. now owns 328 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 165 shares during the period. CWM LLC grew its stake in shares of GATX by 12.7% during the 1st quarter. CWM LLC now owns 621 shares of the transportation company’s stock valued at $96,000 after acquiring an additional 70 shares during the period. Brooklyn Investment Group bought a new position in shares of GATX during the 1st quarter valued at approximately $100,000. Finally, Hilltop National Bank bought a new position in shares of GATX during the 2nd quarter valued at approximately $153,000. 93.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GATX. Weiss Ratings reiterated a “buy (b)” rating on shares of GATX in a research note on Saturday, September 27th. Susquehanna set a $190.00 price objective on GATX and gave the company a “positive” rating in a research note on Monday, August 18th. Finally, Citigroup began coverage on GATX in a research note on Monday, September 22nd. They set a “buy” rating and a $201.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $183.50.

Insiders Place Their Bets

In other news, VP Geoffrey Phillips sold 2,100 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $168.74, for a total transaction of $354,354.00. Following the sale, the vice president directly owned 6,740 shares of the company’s stock, valued at $1,137,307.60. This represents a 23.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kevin Hillesland sold 2,200 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $152.59, for a total value of $335,698.00. Following the sale, the senior vice president directly owned 7,606 shares in the company, valued at $1,160,599.54. This trade represents a 22.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,914 shares of company stock valued at $2,953,509 in the last 90 days. 2.17% of the stock is currently owned by company insiders.

GATX Stock Down 1.4%

NYSE GATX opened at $173.87 on Wednesday. The stock’s 50 day moving average is $165.53 and its 200 day moving average is $156.45. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 3.27. GATX Corporation has a 12 month low of $130.95 and a 12 month high of $178.26. The stock has a market cap of $6.19 billion, a PE ratio of 19.89 and a beta of 1.18.

GATX (NYSE:GATX) last posted its quarterly earnings results on Tuesday, July 29th. The transportation company reported $2.06 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 company had revenue of $430.50 million for the quarter, compared to analysts’ expectations of $425.52 million. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. Research analysts predict that GATX Corporation will post 8.5 EPS for the current fiscal year.

GATX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued 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 currently 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.