Gamco Investors INC. ET AL Sells 28,902 Shares of GATX Corporation $GATX

Gamco Investors INC. ET AL cut its position in GATX Corporation (NYSE:GATX) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,197,637 shares of the transportation company’s stock after selling 28,902 shares during the period. GATX accounts for 2.0% of Gamco Investors INC. ET AL’s holdings, making the stock its 2nd largest position. Gamco Investors INC. ET AL’s holdings in GATX were worth $203,119,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GATX. AQR Capital Management LLC boosted its stake in shares of GATX by 21.3% in the first quarter. AQR Capital Management LLC now owns 7,716 shares of the transportation company’s stock worth $1,198,000 after acquiring an additional 1,357 shares during the last quarter. Millennium Management LLC boosted its stake in shares of GATX by 54.9% in the first quarter. Millennium Management LLC now owns 58,011 shares of the transportation company’s stock worth $9,007,000 after acquiring an additional 20,569 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of GATX by 1.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 116,834 shares of the transportation company’s stock worth $18,141,000 after acquiring an additional 1,968 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of GATX by 280.6% in the first quarter. Jane Street Group LLC now owns 53,690 shares of the transportation company’s stock worth $8,336,000 after acquiring an additional 39,582 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of GATX by 104.7% in the second quarter. Invesco Ltd. now owns 113,613 shares of the transportation company’s stock worth $17,446,000 after acquiring an additional 58,100 shares during the last quarter. 93.14% of the stock is owned by institutional investors and hedge funds.

GATX Price Performance

NYSE:GATX opened at $172.60 on Monday. GATX Corporation has a 52 week low of $143.46 and a 52 week high of $205.56. The company has a quick ratio of 3.91, a current ratio of 3.91 and a debt-to-equity ratio of 3.41. The company has a market capitalization of $6.13 billion, a P/E ratio of 18.52 and a beta of 1.24. The stock’s fifty day moving average is $182.07 and its two-hundred day moving average is $176.20.

GATX (NYSE:GATX) last posted its earnings results on Thursday, May 7th. The transportation company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.28 by $0.07. GATX had a return on equity of 10.31% and a net margin of 17.88%.The company had revenue of $583.70 million for the quarter, compared to the consensus estimate of $599.76 million. During the same quarter in the previous year, the business earned $2.15 earnings per share. The company’s revenue for the quarter was up 38.4% on a year-over-year basis. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. Equities analysts expect that GATX Corporation will post 9.8 EPS for the current year.

GATX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.66 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.64 dividend on an annualized basis and a yield of 1.5%. GATX’s payout ratio is currently 28.33%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GATX. Citigroup upgraded GATX from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $210.00 to $211.00 in a research report on Wednesday, April 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of GATX in a research report on Tuesday, April 21st. Susquehanna reduced their price objective on GATX from $220.00 to $218.00 and set a “positive” rating on the stock in a research report on Friday, May 8th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $222.00 price objective on shares of GATX in a research report on Thursday, May 7th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $217.00.

Insider Buying and Selling at GATX

In other GATX news, SVP Jeffery R. Young sold 2,595 shares of GATX stock in a transaction on Friday, February 20th. The stock was sold at an average price of $196.29, for a total value of $509,372.55. Following the sale, the senior vice president owned 7,700 shares in the company, valued at $1,511,433. The trade was a 25.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brian L. Glassberg sold 2,000 shares of GATX stock in a transaction on Friday, February 20th. The shares were sold at an average price of $198.29, for a total value of $396,580.00. Following the completion of the sale, 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. Insiders have sold 9,795 shares of company stock worth $1,907,525 over the last quarter. 1.86% of the stock is currently owned by company insiders.

GATX Profile

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.