13,745 Shares in GATX Corporation $GATX Acquired by NFJ Investment Group LLC

NFJ Investment Group LLC bought a new position in shares of GATX Corporation (NYSE:GATX) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 13,745 shares of the transportation company’s stock, valued at approximately $2,435,000.

A number of other hedge funds have also bought and sold shares of GATX. NewEdge Wealth LLC purchased a new position in shares of GATX in the second quarter worth $289,000. Meeder Advisory Services Inc. acquired a new stake in shares of GATX during the second quarter worth $270,000. BlackRock Inc. purchased a new stake in shares of GATX during the second quarter valued at $823,055,000. Deutsche Bank AG purchased a new stake in shares of GATX during the second quarter valued at $6,656,000. Finally, Rice Hall James & Associates LLC acquired a new position in shares of GATX in the 2nd quarter valued at $4,026,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

Insiders Place Their Bets

In other GATX news, CFO Thomas A. Ellman sold 18,200 shares of GATX stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $180.08, for a total transaction of $3,277,456.00. Following the completion of the transaction, the chief financial officer owned 34,361 shares in the company, valued at approximately $6,187,728.88. This trade represents a 34.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.86% of the company’s stock.

GATX Stock Up 0.1%

GATX stock opened at $176.83 on Friday. The firm’s fifty day simple moving average is $178.55 and its 200-day simple moving average is $180.41. The company has a market capitalization of $6.24 billion, a P/E ratio of 17.51 and a beta of 1.17. The company has a debt-to-equity ratio of 3.44, a current ratio of 3.90 and a quick ratio of 3.90. GATX Corporation has a 12 month low of $150.42 and a 12 month high of $205.56.

GATX (NYSE:GATX) last released its quarterly earnings data on Thursday, July 30th. The transportation company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.46 by $0.38. GATX had a net margin of 17.94% and a return on equity of 10.43%. The firm had revenue of $580.10 million for the quarter, compared to analyst estimates of $598.77 million. During the same quarter in the prior year, the business earned $2.06 earnings per share. The business’s quarterly revenue was up 34.8% compared to the same quarter last year. GATX has set its FY 2026 guidance at 9.900-10.30 EPS. As a group, equities research analysts forecast that GATX Corporation will post 10.1 earnings per share for the current year.

GATX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 15th. GATX’s dividend payout ratio (DPR) is currently 26.14%.

Analysts Set New Price Targets

GATX has been the subject of a number of research analyst reports. Citigroup raised their target price on GATX from $214.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. The Goldman Sachs Group reiterated a “buy” rating and set a $222.00 price target on shares of GATX in a research note on Thursday, May 7th. Susquehanna increased their price objective on GATX from $218.00 to $220.00 and gave the company a “positive” rating in a report on Friday, July 31st. Finally, Weiss Ratings cut GATX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 12th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, GATX currently has a consensus rating of “Buy” and a consensus target price of $219.00.

GATX Company 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.