GATX Corporation $GATX Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in GATX Corporation (NYSE:GATX) by 111.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,813 shares of the transportation company’s stock after buying an additional 6,757 shares during the quarter. SG Americas Securities LLC’s holdings in GATX were worth $2,240,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in GATX. AQR Capital Management LLC lifted its holdings in shares of GATX by 21.3% in the 1st 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 raised its position in GATX by 54.9% in the first quarter. Millennium Management LLC now owns 58,011 shares of the transportation company’s stock valued at $9,007,000 after purchasing an additional 20,569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in GATX by 1.7% during 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 purchasing an additional 1,968 shares in the last quarter. Jane Street Group LLC boosted its position in shares of GATX by 280.6% during the first quarter. Jane Street Group LLC now owns 53,690 shares of the transportation company’s stock worth $8,336,000 after buying an additional 39,582 shares during the period. Finally, Strs Ohio acquired a new stake in shares of GATX in the first quarter valued at $559,000. 93.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GATX has been the topic of several research reports. Citigroup increased their target price on GATX from $192.00 to $198.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Susquehanna increased their price target on shares of GATX from $190.00 to $192.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of GATX in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, GATX currently has a consensus rating of “Buy” and an average price target of $195.00.

GATX Price Performance

GATX stock opened at $175.88 on Wednesday. The business’s 50-day moving average is $165.40 and its two-hundred day moving average is $163.98. The company has a debt-to-equity ratio of 3.26, a current ratio of 3.81 and a quick ratio of 3.81. The firm has a market capitalization of $6.28 billion, a P/E ratio of 20.55 and a beta of 1.16. GATX Corporation has a 1 year low of $139.44 and a 1 year high of $179.70.

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

GATX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, December 15th. GATX’s dividend payout ratio (DPR) is presently 28.50%.

Insider Activity

In related news, SVP Aken Jennifer Van sold 1,800 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $164.15, for a total transaction of $295,470.00. Following the completion of the transaction, the senior vice president owned 5,912 shares in the company, valued at approximately $970,454.80. The trade was a 23.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.17% of the company’s stock.

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.