Vaughan Nelson Investment Management L.P. Has $102.03 Million Stock Holdings in GATX Corporation $GATX

Vaughan Nelson Investment Management L.P. boosted its stake in shares of GATX Corporation (NYSE:GATX) by 23.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 597,545 shares of the transportation company’s stock after acquiring an additional 111,935 shares during the period. GATX accounts for about 1.0% of Vaughan Nelson Investment Management L.P.’s portfolio, making the stock its 26th biggest position. Vaughan Nelson Investment Management L.P.’s holdings in GATX were worth $102,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in GATX. Northwestern Mutual Wealth Management Co. raised its holdings in shares of GATX by 270,265.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 640,765 shares of the transportation company’s stock worth $108,674,000 after buying an additional 640,528 shares in the last quarter. Norges Bank acquired a new position in GATX during the fourth quarter worth about $86,241,000. Alliancebernstein L.P. boosted its stake in shares of GATX by 681.7% in the 3rd quarter. Alliancebernstein L.P. now owns 574,333 shares of the transportation company’s stock valued at $100,393,000 after purchasing an additional 500,857 shares in the last quarter. Squarepoint Ops LLC grew its holdings in shares of GATX by 429.5% during the 2nd quarter. Squarepoint Ops LLC now owns 187,835 shares of the transportation company’s stock valued at $28,844,000 after purchasing an additional 152,361 shares during the last quarter. Finally, Steadfast Capital Management LP acquired a new position in GATX during the 3rd quarter worth approximately $24,489,000. 93.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

GATX Price Performance

Shares of NYSE GATX opened at $177.11 on Monday. GATX Corporation has a twelve month low of $148.20 and a twelve month high of $205.56. The company has a quick ratio of 3.91, a current ratio of 3.91 and a debt-to-equity ratio of 3.41. The firm has a market capitalization of $6.29 billion, a P/E ratio of 19.00 and a beta of 1.17. The stock’s 50-day simple moving average is $182.19 and its two-hundred day simple moving average is $178.94.

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

GATX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.66 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.64 annualized dividend and a yield of 1.5%. GATX’s payout ratio is 28.33%.

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.