Hodges Capital Management Inc. Invests $7.38 Million in GATX Corporation $GATX

Hodges Capital Management Inc. purchased a new position in GATX Corporation (NYSE:GATX) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 43,250 shares of the transportation company’s stock, valued at approximately $7,385,000.

Several other institutional investors have also recently added to or reduced their stakes in GATX. AQR Capital Management LLC grew its holdings in GATX by 21.3% during 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 in the last quarter. Millennium Management LLC lifted its position in shares of GATX by 54.9% during the first quarter. Millennium Management LLC now owns 58,011 shares of the transportation company’s stock worth $9,007,000 after purchasing an additional 20,569 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in GATX by 1.7% in 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 increased its holdings in GATX by 280.6% in the first quarter. Jane Street Group LLC now owns 53,690 shares of the transportation company’s stock valued at $8,336,000 after buying an additional 39,582 shares during the last quarter. Finally, Invesco Ltd. raised its stake in GATX by 104.7% during the second quarter. Invesco Ltd. now owns 113,613 shares of the transportation company’s stock valued at $17,446,000 after buying an additional 58,100 shares in the last quarter. 93.14% of the stock is owned by institutional investors and hedge funds.

GATX Stock Down 0.3%

NYSE:GATX opened at $173.22 on Monday. The firm has a market capitalization of $6.15 billion, a PE ratio of 18.59 and a beta of 1.17. The stock has a 50 day moving average of $178.37 and a 200-day moving average of $179.72. GATX Corporation has a 52 week low of $148.20 and a 52 week high of $205.56. The company has a current ratio of 3.91, a quick ratio of 3.91 and a debt-to-equity ratio of 3.41.

GATX (NYSE:GATX) last announced its quarterly earnings results on Thursday, May 7th. The transportation company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.07. GATX had a return on equity of 10.31% and a net margin of 17.88%.The business had revenue of $583.70 million for the quarter, compared to the consensus estimate of $599.76 million. During the same quarter last year, the business posted $2.15 EPS. The business’s revenue was up 38.4% on a year-over-year basis. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. Analysts predict that GATX Corporation will post 9.8 EPS for the current year.

GATX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Monday, June 15th. GATX’s dividend payout ratio (DPR) is presently 28.33%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Citigroup raised GATX from a “neutral” rating to a “buy” rating and increased their target price for the stock from $210.00 to $211.00 in a report on Wednesday, April 8th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $222.00 price objective on shares of GATX in a report on Thursday, May 7th. Susquehanna lowered their target price on shares of GATX from $220.00 to $218.00 and set a “positive” rating for the company in a research note on Friday, May 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a report on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $217.00.

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.