Legal & General Group Plc Makes New $8.51 Million Investment in GATX Corporation $GATX

Legal & General Group Plc bought a new stake in GATX Corporation (NYSE:GATX) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 48,001 shares of the transportation company’s stock, valued at approximately $8,505,000. Legal & General Group Plc owned approximately 0.14% of GATX as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Larson Financial Group LLC grew its stake in GATX by 364.5% in the third quarter. Larson Financial Group LLC now owns 144 shares of the transportation company’s stock worth $25,000 after purchasing an additional 113 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in GATX during the fourth quarter valued at approximately $27,000. Los Angeles Capital Management LLC acquired a new stake in GATX during the fourth quarter valued at approximately $27,000. Rothschild Investment LLC lifted its holdings in GATX by 127.6% during the 4th quarter. Rothschild Investment LLC now owns 173 shares of the transportation company’s stock worth $29,000 after buying an additional 97 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of GATX in the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Stock Performance

Shares of GATX stock opened at $173.25 on Wednesday. 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 business has a 50 day moving average of $178.59 and a two-hundred day moving average of $179.88. GATX Corporation has a 52 week low of $150.42 and a 52 week high of $205.56. The company has a market cap of $6.12 billion, a P/E ratio of 17.15 and a beta of 1.17.

GATX (NYSE:GATX) last announced its quarterly earnings results 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. The business had revenue of $580.10 million for the quarter, compared to analysts’ expectations of $598.77 million. GATX had a return on equity of 10.43% and a net margin of 17.94%.The business’s quarterly revenue was up 34.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.06 EPS. GATX has set its FY 2026 guidance at 9.900-10.30 EPS. As a group, analysts anticipate that GATX Corporation will post 10.1 EPS for the current year.

GATX Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Susquehanna boosted their price target on GATX from $218.00 to $220.00 and gave the company a “positive” rating in a report on Friday, July 31st. Citigroup lifted their price objective on shares of GATX from $214.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Weiss Ratings downgraded shares of GATX from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 12th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $222.00 target price on shares of GATX in a research note on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $219.00.

Insider Buying and Selling at GATX

In other GATX news, SVP Eren Doygun sold 1,000 shares of the firm’s stock in a transaction on 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 directly owned 5,323 shares in the company, valued at approximately $955,584.96. This trade represents a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Thomas A. Ellman sold 18,200 shares of the firm’s stock in a transaction on 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 sale, the chief financial officer owned 34,361 shares in the company, valued at $6,187,728.88. The trade was a 34.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.86% of the stock is owned by company insiders.

GATX 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.