GATX Corporation $GATX Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its stake in shares of GATX Corporation (NYSE:GATX) by 1.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,859,757 shares of the transportation company’s stock after selling 75,703 shares during the period. Vanguard Group Inc. owned about 0.11% of GATX worth $674,686,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. grew its holdings in shares of GATX by 434.3% during the second quarter. Hantz Financial Services Inc. now owns 187 shares of the transportation company’s stock worth $29,000 after buying an additional 152 shares in the last quarter. Jones Financial Companies Lllp grew its position in GATX by 61.3% in the third quarter. Jones Financial Companies Lllp now owns 221 shares of the transportation company’s stock worth $39,000 after acquiring an additional 84 shares during the period. Smartleaf Asset Management LLC increased its stake in GATX by 257.0% during the third quarter. Smartleaf Asset Management LLC now owns 307 shares of the transportation company’s stock worth $54,000 after acquiring an additional 221 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in GATX in the 2nd quarter valued at about $65,000. Finally, Mather Group LLC. purchased a new stake in shares of GATX in the 3rd quarter valued at approximately $72,000. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Aken Jennifer Van sold 1,800 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $164.15, for a total value of $295,470.00. Following the completion of the sale, the senior vice president directly owned 5,912 shares of the company’s stock, valued at $970,454.80. This represents a 23.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $204.00 price objective on shares of GATX in a report on Wednesday, January 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of GATX in a research note on Thursday, January 22nd. Susquehanna boosted their price target on shares of GATX from $212.00 to $220.00 and gave the stock a “positive” rating in a report on Friday. Finally, Citigroup lowered shares of GATX from a “buy” rating to a “neutral” rating and set a $210.00 price objective on the stock. in a report on Tuesday. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $211.33.

GATX Price Performance

GATX stock opened at $195.55 on Tuesday. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 21.44 and a beta of 1.19. GATX Corporation has a fifty-two week low of $139.44 and a fifty-two week high of $199.00. The company has a quick ratio of 16.31, a current ratio of 16.31 and a debt-to-equity ratio of 3.45. The business has a 50 day moving average price of $180.66 and a 200 day moving average price of $170.33.

GATX (NYSE:GATX) last posted its earnings results on Thursday, February 19th. The transportation company reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.02. GATX had a net margin of 19.15% and a return on equity of 11.05%. The firm had revenue of $449.00 million for the quarter, compared to the consensus estimate of $443.67 million. During the same period last year, the firm posted $1.93 EPS. The company’s revenue was up 8.6% on a year-over-year basis. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. Equities research analysts anticipate 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 issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, March 2nd. This is an increase from GATX’s previous quarterly dividend of $0.61. GATX’s dividend payout ratio (DPR) is presently 26.75%.

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.