Vaughan Nelson Investment Management L.P. Increases Position in GATX Corporation $GATX

Vaughan Nelson Investment Management L.P. increased its stake in GATX Corporation (NYSE:GATX) by 52.7% in the second quarter, HoldingsChannel.com reports. The firm owned 434,415 shares of the transportation company’s stock after acquiring an additional 149,950 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in GATX were worth $66,709,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in GATX. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of GATX in the 1st quarter valued at about $30,000. TCTC Holdings LLC grew its stake in GATX by 117.0% in the 1st quarter. TCTC Holdings LLC now owns 243 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 131 shares during the last quarter. UMB Bank n.a. grew its stake in GATX by 101.2% in the 1st quarter. UMB Bank n.a. now owns 328 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 165 shares during the last quarter. CWM LLC grew its stake in GATX by 12.7% in the 1st quarter. CWM LLC now owns 621 shares of the transportation company’s stock valued at $96,000 after acquiring an additional 70 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in GATX in the 1st quarter valued at about $100,000. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a research note on Saturday, September 27th. Susquehanna set a $190.00 price objective on shares of GATX and gave the company a “positive” rating in a research note on Monday, August 18th. Finally, Citigroup assumed coverage on shares of GATX in a research note on Monday, September 22nd. They issued a “buy” rating and a $201.00 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $183.50.

Insider Activity at GATX

In other news, SVP Kevin Hillesland sold 2,200 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $152.59, for a total transaction of $335,698.00. Following the transaction, the senior vice president directly owned 7,606 shares in the company, valued at $1,160,599.54. This represents a 22.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert C. Lyons sold 12,635 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $166.33, for a total transaction of $2,101,579.55. Following the transaction, the chief executive officer owned 50,575 shares in the company, valued at approximately $8,412,139.75. The trade was a 19.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,914 shares of company stock valued at $2,953,509. Insiders own 2.17% of the company’s stock.

GATX Price Performance

GATX stock opened at $175.95 on Friday. GATX Corporation has a 12-month low of $127.93 and a 12-month high of $178.26. The stock has a market capitalization of $6.26 billion, a P/E ratio of 20.13 and a beta of 1.18. The firm’s 50-day moving average is $164.67 and its two-hundred day moving average is $156.18. The company has a debt-to-equity ratio of 3.27, a current ratio of 2.93 and a quick ratio of 2.93.

GATX (NYSE:GATX) last released its quarterly earnings results on Tuesday, July 29th. The transportation company reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.11. GATX had a net margin of 19.13% and a return on equity of 12.52%. The company had revenue of $430.50 million for the quarter, compared to analysts’ expectations of $425.52 million. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. Equities analysts predict that GATX Corporation will post 8.5 earnings per share for the current year.

GATX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, September 15th. GATX’s dividend payout ratio is presently 27.92%.

GATX Company 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.