GATX Corporation $GATX Shares Acquired by Sei Investments Co.

Sei Investments Co. boosted its position in GATX Corporation (NYSE:GATX) by 2.8% during the third quarter, Holdings Channel.com reports. The fund owned 949,877 shares of the transportation company’s stock after purchasing an additional 25,440 shares during the quarter. Sei Investments Co.’s holdings in GATX were worth $166,038,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. grew its position in GATX by 4.8% during the second quarter. J.W. Cole Advisors Inc. now owns 1,429 shares of the transportation company’s stock valued at $219,000 after acquiring an additional 65 shares during the period. Savant Capital LLC raised its holdings in shares of GATX by 3.9% in the 2nd quarter. Savant Capital LLC now owns 1,799 shares of the transportation company’s stock worth $276,000 after purchasing an additional 68 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of GATX by 0.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 8,406 shares of the transportation company’s stock valued at $1,291,000 after purchasing an additional 73 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in shares of GATX by 1.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 7,819 shares of the transportation company’s stock valued at $1,367,000 after purchasing an additional 76 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of GATX by 61.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 221 shares of the transportation company’s stock worth $39,000 after purchasing an additional 84 shares during the period. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Insider Transactions at GATX

In related news, VP Robert Zmudka sold 5,200 shares of GATX stock in a transaction on Friday, February 20th. The shares were sold at an average price of $192.61, for a total transaction of $1,001,572.00. Following the sale, the vice president owned 7,493 shares of the company’s stock, valued at $1,443,226.73. The trade was a 40.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Brian L. Glassberg sold 2,000 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $198.29, for a total transaction of $396,580.00. Following the completion of the transaction, the executive vice president owned 7,041 shares in the company, valued at $1,396,159.89. This represents a 22.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 9,795 shares of company stock valued at $1,907,525. Corporate insiders own 2.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GATX. Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a research report on Thursday, January 22nd. Citigroup cut shares of GATX from a “buy” rating to a “neutral” rating and lifted their price target for the company from $197.00 to $210.00 in a research report on Tuesday, February 24th. The Goldman Sachs Group reiterated a “buy” rating and set a $204.00 price objective on shares of GATX in a research note on Wednesday, January 14th. Finally, Susquehanna increased their price objective on shares of GATX from $212.00 to $220.00 and gave the stock a “positive” rating in a research report on Friday, February 20th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.33.

GATX Price Performance

GATX stock opened at $169.70 on Friday. The company has a debt-to-equity ratio of 3.45, a quick ratio of 16.31 and a current ratio of 16.31. GATX Corporation has a 1 year low of $139.44 and a 1 year high of $199.00. The firm has a market cap of $6.02 billion, a P/E ratio of 18.61 and a beta of 1.19. The stock has a 50-day simple moving average of $183.24 and a 200-day simple moving average of $172.33.

GATX (NYSE:GATX) last released its quarterly earnings results on Thursday, February 19th. The transportation company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.42 by $0.02. The firm had revenue of $449.00 million for the quarter, compared to analyst estimates of $443.67 million. GATX had a return on equity of 11.05% and a net margin of 19.15%.GATX’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.93 EPS. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. On average, equities analysts predict that GATX Corporation will post 8.5 earnings per share for the current fiscal year.

GATX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 2nd will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, March 2nd. This is an increase from GATX’s previous quarterly dividend of $0.61. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.6%. GATX’s dividend payout ratio is presently 28.95%.

About GATX

GATX Corporation (NYSE: GATX) is a global railcar leasing and asset management company headquartered in Chicago, Illinois. Founded in 1898 as General American Transportation Corporation, GATX has grown into one of the world’s leading lessors of railcars, marine vessels and industrial assets. The company’s core business focuses on leasing and managing high-value equipment for customers in the energy, industrial, chemical, agricultural and metals markets.

In its Rail North America segment, GATX owns and manages a diverse fleet of more than 60,000 railcars, including tank cars, covered hoppers, boxcars and flatcars.