Principal Financial Group Inc. Has $13.71 Million Stock Position in GATX Corporation $GATX

Principal Financial Group Inc. grew its stake in shares of GATX Corporation (NYSE:GATX) by 3.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 80,328 shares of the transportation company’s stock after acquiring an additional 2,943 shares during the period. Principal Financial Group Inc.’s holdings in GATX were worth $13,715,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GATX. Larson Financial Group LLC lifted its stake in shares of GATX by 364.5% in the 3rd quarter. Larson Financial Group LLC now owns 144 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 113 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in GATX during the 4th quarter worth $27,000. Los Angeles Capital Management LLC acquired a new position in GATX in the 4th quarter worth about $27,000. Rothschild Investment LLC increased its holdings in GATX by 127.6% in the 4th quarter. Rothschild Investment LLC now owns 173 shares of the transportation company’s stock worth $29,000 after purchasing an additional 97 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in GATX in the 4th quarter worth about $33,000. 93.14% of the stock is currently owned by institutional investors and hedge funds.

GATX Price Performance

Shares of GATX opened at $183.51 on Friday. GATX Corporation has a 12-month low of $148.20 and a 12-month high of $205.56. The business’s fifty day moving average is $174.87 and its 200 day moving average is $180.33. 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 stock has a market cap of $6.51 billion, a P/E ratio of 19.69 and a beta of 1.17.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a research note on Friday, July 17th. Susquehanna lowered their target price on GATX from $220.00 to $218.00 and set a “positive” rating for the company in a research report on Friday, May 8th. The Goldman Sachs Group reissued a “buy” rating and issued a $222.00 price target on shares of GATX in a research note on Thursday, May 7th. Finally, Citigroup increased their target price on shares of GATX from $211.00 to $214.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $218.00.

GATX Company 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.