GATX Corporation $GATX Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its holdings in GATX Corporation (NYSE:GATX) by 19.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 679,715 shares of the transportation company’s stock after selling 163,217 shares during the period. Wellington Management Group LLP owned 1.93% of GATX worth $120,439,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new stake in GATX during the second quarter worth $431,000. United Capital Financial Advisors LLC acquired a new position in shares of GATX in the 2nd quarter valued at $480,000. Ruggaard & Associates LLC purchased a new position in shares of GATX during the 2nd quarter worth $448,000. Public Employees Retirement System of Ohio purchased a new position in shares of GATX during the 2nd quarter worth $232,000. Finally, Corient Private Wealth LP purchased a new position in shares of GATX during the 2nd quarter worth $1,610,000. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GATX. Weiss Ratings lowered shares of GATX from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 12th. Citigroup increased their target price on shares of 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 report on Thursday, May 7th. Finally, Susquehanna boosted their price target on shares of GATX from $218.00 to $220.00 and gave the company a “positive” rating in a research note on Friday, July 31st. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $219.00.

Insider Buying and Selling at GATX

In other GATX news, SVP Eren Doygun sold 1,000 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $179.52, for a total value of $179,520.00. Following the sale, the senior vice president owned 5,323 shares of the company’s stock, valued at $955,584.96. This trade represents a 15.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Thomas A. Ellman sold 18,200 shares of GATX stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $180.08, for a total value of $3,277,456.00. Following the completion of the transaction, the chief financial officer owned 34,361 shares of the company’s stock, valued at $6,187,728.88. The trade was a 34.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.86% of the company’s stock.

GATX Price Performance

GATX stock opened at $173.25 on Wednesday. The firm has a market cap of $6.12 billion, a PE ratio of 17.15 and a beta of 1.17. GATX Corporation has a 52-week low of $150.42 and a 52-week high of $205.56. The company has a quick ratio of 3.90, a current ratio of 3.90 and a debt-to-equity ratio of 3.44. The company’s 50 day moving average is $178.59 and its two-hundred day moving average is $179.88.

GATX (NYSE:GATX) last posted its quarterly earnings results on Thursday, July 30th. The transportation company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.46 by $0.38. GATX had a net margin of 17.94% and a return on equity of 10.43%. The business had revenue of $580.10 million during the quarter, compared to the consensus estimate of $598.77 million. During the same quarter in the previous year, the firm posted $2.06 earnings per share. The company’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. On average, research analysts expect that GATX Corporation will post 10.1 EPS for the current fiscal year.

GATX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid 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 payout ratio is presently 26.14%.

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.