Sei Investments Co. Increases Stock Position in GATX Corporation $GATX

Sei Investments Co. grew its holdings in GATX Corporation (NYSE:GATX) by 2.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 949,877 shares of the transportation company’s stock after purchasing an additional 25,440 shares during the quarter. Sei Investments Co. owned approximately 2.66% of GATX worth $166,038,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of GATX. Bank of America Corp DE lifted its stake 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 buying an additional 6,104 shares in the last quarter. American Century Companies Inc. increased its position in GATX by 5.1% during the third quarter. American Century Companies Inc. now owns 1,137,000 shares of the transportation company’s stock worth $198,748,000 after buying an additional 55,609 shares in the last quarter. Geode Capital Management LLC increased its position in GATX by 0.8% during the second quarter. Geode Capital Management LLC now owns 879,139 shares of the transportation company’s stock worth $135,017,000 after buying an additional 6,612 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of GATX by 4.7% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 455,010 shares of the transportation company’s stock worth $79,536,000 after acquiring an additional 20,595 shares during the last quarter. Finally, Ensign Peak Advisors Inc raised its holdings in shares of GATX by 11.1% in the second quarter. Ensign Peak Advisors Inc now owns 410,550 shares of the transportation company’s stock worth $63,044,000 after acquiring an additional 40,915 shares during the last quarter. 93.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at GATX

In related news, SVP Jeffery R. Young sold 2,595 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $196.29, for a total value of $509,372.55. Following the completion of the sale, the senior vice president directly owned 7,700 shares in the company, valued at approximately $1,511,433. The trade was a 25.21% 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, VP Robert Zmudka sold 5,200 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $192.61, for a total transaction of $1,001,572.00. Following the transaction, the vice president directly owned 7,493 shares of the company’s stock, valued at $1,443,226.73. This trade represents a 40.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,795 shares of company stock worth $1,907,525 in the last three months. Company insiders own 2.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Susquehanna increased their price objective on GATX from $212.00 to $220.00 and gave the company a “positive” rating in a research note on Friday, February 20th. Citigroup downgraded shares of GATX from a “buy” rating to a “neutral” rating and boosted their target price for the company from $197.00 to $210.00 in a research note on Tuesday, February 24th. Weiss Ratings restated a “buy (b)” rating on shares of GATX in a report on Thursday, January 22nd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $204.00 price target on shares of GATX in a research note on Wednesday, January 14th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $211.33.

GATX Trading Down 2.8%

Shares of GATX stock opened at $169.70 on Friday. GATX Corporation has a fifty-two week low of $139.44 and a fifty-two week high of $199.00. The business’s fifty day moving average is $183.24 and its two-hundred day moving average is $172.33. The company has a quick ratio of 16.31, a current ratio of 16.31 and a debt-to-equity ratio of 3.45. The firm has a market cap of $6.02 billion, a PE ratio of 18.61 and a beta of 1.19.

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

GATX Increases Dividend

The business 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. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.6%. This is an increase from GATX’s previous quarterly dividend of $0.61. GATX’s dividend payout ratio is currently 28.95%.

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.