Vanguard Group Inc. Decreases Stock Holdings in GATX Corporation $GATX

Vanguard Group Inc. reduced its position in GATX Corporation (NYSE:GATX) by 1.9% during the third quarter, according to its most recent 13F filing with the SEC. 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 10.81% of GATX worth $674,686,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GATX. J.W. Cole Advisors Inc. grew its holdings in GATX by 4.8% in the second quarter. J.W. Cole Advisors Inc. now owns 1,429 shares of the transportation company’s stock worth $219,000 after purchasing an additional 65 shares during the last quarter. Savant Capital LLC boosted its position in shares of GATX by 3.9% in the 2nd quarter. Savant Capital LLC now owns 1,799 shares of the transportation company’s stock worth $276,000 after purchasing an additional 68 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in GATX by 0.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 8,406 shares of the transportation company’s stock worth $1,291,000 after buying an additional 73 shares during the last quarter. Jones Financial Companies Lllp increased its position in GATX by 61.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 221 shares of the transportation company’s stock valued at $39,000 after buying an additional 84 shares in the last quarter. Finally, State of Michigan Retirement System raised its stake in GATX by 1.2% in the second quarter. State of Michigan Retirement System now owns 8,612 shares of the transportation company’s stock valued at $1,322,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Wall Street Analyst Weigh In

GATX has been the topic of a number of research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of GATX in a research note on Thursday, January 22nd. Citigroup cut shares of GATX from a “buy” rating to a “neutral” rating and set a $210.00 target price for the company. in a research note on Tuesday. The Goldman Sachs Group restated a “buy” rating and set a $204.00 price target on shares of GATX in a research note on Wednesday, January 14th. Finally, Susquehanna lifted their price objective on shares of GATX from $212.00 to $220.00 and gave the stock a “positive” rating in a research note on Friday. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, GATX presently has a consensus rating of “Moderate Buy” and a consensus target price of $211.33.

GATX Stock Down 1.5%

NYSE:GATX opened at $195.55 on Tuesday. The company has a debt-to-equity ratio of 3.45, a current ratio of 16.31 and a quick ratio of 16.31. The company’s fifty day moving average price is $180.66 and its 200-day moving average price is $170.33. GATX Corporation has a 1-year low of $139.44 and a 1-year high of $199.00. The firm has a market capitalization of $6.94 billion, a P/E ratio of 21.44 and a beta of 1.19.

GATX (NYSE:GATX) last posted its quarterly earnings results on Thursday, February 19th. The transportation company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.42 by $0.02. The company had revenue of $449.00 million for the quarter, compared to analyst estimates of $443.67 million. GATX had a net margin of 19.15% and a return on equity of 11.05%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.93 earnings per share. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. As a group, equities research analysts anticipate that GATX Corporation will post 8.5 EPS for the current year.

GATX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from GATX’s previous quarterly dividend of $0.61. GATX’s dividend payout ratio is 26.75%.

Insider Buying and Selling at GATX

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 value of $295,470.00. Following the completion of the transaction, the senior vice president directly owned 5,912 shares in the company, valued at $970,454.80. The trade was a 23.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.17% of the stock is currently 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.