Connor Clark & Lunn Investment Management Ltd. Invests $4.89 Million in GATX Corporation $GATX

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in GATX Corporation (NYSE:GATX) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 27,576 shares of the transportation company’s stock, valued at approximately $4,886,000.

A number of other large investors have also made changes to their positions in GATX. BlackRock Inc. purchased a new stake in GATX during the 2nd quarter worth about $823,055,000. Dimensional Fund Advisors LP lifted its holdings in GATX by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,481,900 shares of the transportation company’s stock valued at $251,337,000 after purchasing an additional 9,109 shares in the last quarter. Bank of America Corp DE lifted its holdings in GATX by 0.5% in the 2nd quarter. Bank of America Corp DE now owns 1,219,746 shares of the transportation company’s stock valued at $187,304,000 after purchasing an additional 6,104 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of GATX by 0.4% during the 4th quarter. Wellington Management Group LLP now owns 1,011,703 shares of the transportation company’s stock worth $171,585,000 after purchasing an additional 4,406 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of GATX by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 885,634 shares of the transportation company’s stock worth $150,228,000 after purchasing an additional 3,655 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on GATX shares. The Goldman Sachs Group reiterated a “buy” rating and set a $222.00 price target on shares of GATX in a report on Thursday, May 7th. Susquehanna upped their price objective 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. Citigroup raised their target price on shares of GATX from $214.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Finally, Weiss Ratings cut shares of GATX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 12th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $219.00.

Insider Activity

In related news, SVP Eren Doygun sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $179.52, for a total value of $179,520.00. Following the completion of the sale, the senior vice president directly owned 5,323 shares in the company, valued at approximately $955,584.96. The trade was a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas A. Ellman sold 18,200 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $180.08, for a total transaction of $3,277,456.00. Following the completion of the sale, the chief financial officer owned 34,361 shares of the company’s stock, valued at approximately $6,187,728.88. The trade was a 34.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.86% of the company’s stock.

GATX Stock Performance

GATX stock opened at $178.53 on Friday. The firm has a market capitalization of $6.30 billion, a P/E ratio of 17.68 and a beta of 1.17. The stock has a fifty day moving average price of $178.77 and a 200 day moving average price of $180.17. GATX Corporation has a 52 week low of $150.42 and a 52 week high of $205.56. The company has a current ratio of 3.90, a quick ratio of 3.90 and a debt-to-equity ratio of 3.44.

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

GATX Dividend Announcement

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

About GATX

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.