GATX Corporation $GATX Shares Bought by SG Capital Management LLC

SG Capital Management LLC raised its holdings in shares of GATX Corporation (NYSE:GATX) by 16.5% during the second quarter, HoldingsChannel.com reports. The firm owned 27,711 shares of the transportation company’s stock after buying an additional 3,926 shares during the period. SG Capital Management LLC’s holdings in GATX were worth $4,255,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GATX. HB Wealth Management LLC purchased a new stake in GATX in the second quarter valued at about $222,000. XTX Topco Ltd grew its stake in shares of GATX by 108.2% during the first quarter. XTX Topco Ltd now owns 5,601 shares of the transportation company’s stock worth $870,000 after acquiring an additional 2,911 shares during the last quarter. Level Four Advisory Services LLC increased its holdings in shares of GATX by 34.6% during the first quarter. Level Four Advisory Services LLC now owns 34,688 shares of the transportation company’s stock valued at $5,386,000 after acquiring an additional 8,925 shares in the last quarter. Atria Wealth Solutions Inc. raised its position in shares of GATX by 85.9% in the 1st quarter. Atria Wealth Solutions Inc. now owns 4,085 shares of the transportation company’s stock valued at $634,000 after purchasing an additional 1,888 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of GATX by 109.1% in the 1st quarter. Mackenzie Financial Corp now owns 4,810 shares of the transportation company’s stock valued at $747,000 after purchasing an additional 2,510 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

GATX Trading Up 0.5%

Shares of GATX stock opened at $157.14 on Friday. The stock has a market cap of $5.61 billion, a PE ratio of 18.36 and a beta of 1.20. The firm has a fifty day moving average price of $167.03 and a 200 day moving average price of $159.03. GATX Corporation has a 1 year low of $139.44 and a 1 year high of $178.26. The company has a debt-to-equity ratio of 3.26, a current ratio of 3.81 and a quick ratio of 2.93.

GATX (NYSE:GATX) last announced its quarterly earnings results on Tuesday, October 21st. The transportation company reported $2.10 earnings per share for the quarter, missing the consensus estimate of $2.32 by ($0.22). The company had revenue of $439.30 million for the quarter, compared to analyst estimates of $435.21 million. GATX had a return on equity of 11.62% and a net margin of 18.35%.GATX’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.43 earnings per share. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. Equities research analysts predict that GATX Corporation will post 8.5 earnings per share for the current year.

GATX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.44 dividend on an annualized basis and a yield of 1.6%. GATX’s payout ratio is presently 28.50%.

Insiders Place Their Bets

In related news, CEO Robert C. Lyons sold 12,635 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $166.33, for a total value of $2,101,579.55. Following the completion of the transaction, the chief executive officer directly owned 50,575 shares in the company, valued at $8,412,139.75. The trade was a 19.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Geoffrey Phillips sold 2,100 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $168.74, for a total transaction of $354,354.00. Following the sale, the vice president directly owned 6,740 shares in the company, valued at $1,137,307.60. This trade represents a 23.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 15,714 shares of company stock worth $2,617,811. Corporate insiders own 2.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on GATX shares. Citigroup began coverage on shares of GATX in a research report on Monday, September 22nd. They set a “buy” rating and a $201.00 target price on the stock. Susquehanna lifted their price objective on shares of GATX from $190.00 to $192.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, GATX currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.00.

GATX Profile

GATX Corporation, together its subsidiaries, operates as railcar leasing company in the United States, Canada, Mexico, Europe, and India. It operates through three segments: Rail North America, Rail International, and Portfolio Management. The company leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.