Burney Co. Lowers Position in GATX Corporation $GATX

Burney Co. decreased its holdings in shares of GATX Corporation (NYSE:GATX) by 10.2% in the 2nd quarter, Holdings Channel reports. The firm owned 2,902 shares of the transportation company’s stock after selling 328 shares during the period. Burney Co.’s holdings in GATX were worth $446,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. CWM LLC lifted its position in 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. Louisiana State Employees Retirement System increased its holdings in shares of GATX by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 10,000 shares of the transportation company’s stock worth $1,553,000 after buying an additional 100 shares during the last quarter. State of Michigan Retirement System raised its position in shares of GATX by 1.2% during the 1st quarter. State of Michigan Retirement System now owns 8,512 shares of the transportation company’s stock valued at $1,322,000 after buying an additional 100 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in shares of GATX by 6.6% during the 1st quarter. Rehmann Capital Advisory Group now owns 1,753 shares of the transportation company’s stock worth $272,000 after acquiring an additional 109 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of GATX by 1.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 10,477 shares of the transportation company’s stock worth $1,609,000 after acquiring an additional 120 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors.

GATX Stock Up 0.4%

Shares of NYSE:GATX opened at $152.66 on Thursday. The stock has a market capitalization of $5.45 billion, a P/E ratio of 17.83 and a beta of 1.20. The stock’s 50-day moving average price is $168.75 and its 200-day moving average price is $158.58. 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 $139.44 and a 12-month high of $178.26.

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

GATX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders 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 dividend yield of 1.6%. GATX’s dividend payout ratio (DPR) is currently 28.50%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a research note on Wednesday, October 8th. Citigroup assumed coverage on GATX in a research report on Monday, September 22nd. They set a “buy” rating and a $201.00 price objective on the stock. Finally, Susquehanna raised their price objective on GATX from $190.00 to $192.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Four equities research analysts have rated the stock with a Buy rating and one has given 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 $184.00.

Insider Transactions at GATX

In other GATX news, CEO Robert C. Lyons sold 12,635 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $166.33, for a total value of $2,101,579.55. Following the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Geoffrey Phillips sold 2,100 shares of the business’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $168.74, for a total transaction of $354,354.00. Following the completion of the transaction, the vice president owned 6,740 shares in the company, valued at $1,137,307.60. The trade was a 23.76% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 15,714 shares of company stock worth $2,617,811. Insiders own 2.17% of the company’s stock.

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.