Retirement Systems of Alabama Increases Stake in GATX Corporation $GATX

Retirement Systems of Alabama increased its holdings in GATX Corporation (NYSE:GATX) by 0.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,633 shares of the transportation company’s stock after purchasing an additional 379 shares during the period. Retirement Systems of Alabama’s holdings in GATX were worth $6,700,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Hantz Financial Services Inc. boosted its stake in shares of GATX by 434.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 187 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 152 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of GATX by 9.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 9,614 shares of the transportation company’s stock valued at $1,476,000 after purchasing an additional 818 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of GATX by 1.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 10,477 shares of the transportation company’s stock valued at $1,609,000 after purchasing an additional 120 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of GATX by 8.5% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 12,961 shares of the transportation company’s stock valued at $1,990,000 after purchasing an additional 1,010 shares in the last quarter. Finally, AlphaQuest LLC boosted its stake in shares of GATX by 2,010.2% in the 2nd quarter. AlphaQuest LLC now owns 2,891 shares of the transportation company’s stock valued at $444,000 after purchasing an additional 2,754 shares in the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

GATX Stock Down 1.2%

Shares of NYSE GATX opened at $155.02 on Tuesday. The company has a current ratio of 3.81, a quick ratio of 2.93 and a debt-to-equity ratio of 3.26. GATX Corporation has a 12 month low of $137.89 and a 12 month high of $178.26. The firm has a market capitalization of $5.52 billion, a PE ratio of 18.11 and a beta of 1.18. The firm has a fifty day simple moving average of $169.27 and a two-hundred day simple moving average of $158.59.

GATX (NYSE:GATX) last issued its quarterly earnings data on Tuesday, October 21st. The transportation company reported $2.10 EPS for the quarter, missing the consensus estimate of $2.32 by ($0.22). GATX had a return on equity of 11.62% and a net margin of 18.35%.The company had revenue of $439.30 million during the quarter, compared to the consensus estimate of $435.21 million. During the same quarter last year, the company posted $2.43 earnings per share. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. Equities analysts expect that GATX Corporation will post 8.5 earnings per share for the current year.

GATX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $0.61 dividend. The ex-dividend date is Monday, December 15th. This represents a $2.44 annualized dividend and a yield of 1.6%. GATX’s dividend payout ratio is 28.50%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GATX. Citigroup assumed coverage on shares of GATX in a research note on Monday, September 22nd. They issued a “buy” rating and a $201.00 price objective for the company. Susquehanna increased their price target on shares of GATX from $190.00 to $192.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, GATX currently has an average rating of “Moderate Buy” and a consensus price target of $184.00.

Insiders Place Their Bets

In other GATX news, VP Geoffrey Phillips sold 2,100 shares of the company’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $168.74, for a total value of $354,354.00. Following the completion of the transaction, the vice president directly owned 6,740 shares in the company, valued at approximately $1,137,307.60. This represents a 23.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert C. Lyons sold 12,635 shares of the company’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $166.33, for a total transaction of $2,101,579.55. Following the completion of the transaction, the chief executive officer owned 50,575 shares of the company’s stock, valued at $8,412,139.75. This trade represents a 19.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 15,714 shares of company stock worth $2,617,811. 2.17% of the stock is currently owned by corporate 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.