Voya Investment Management LLC Trims Stake in GATX Corporation $GATX

Voya Investment Management LLC lessened its holdings in shares of GATX Corporation (NYSE:GATX) by 34.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,485 shares of the transportation company’s stock after selling 3,346 shares during the period. Voya Investment Management LLC’s holdings in GATX were worth $1,134,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Russell Investments Group Ltd. boosted its holdings in GATX by 24.8% during the 1st quarter. Russell Investments Group Ltd. now owns 1,538 shares of the transportation company’s stock valued at $239,000 after acquiring an additional 306 shares during the period. Vident Advisory LLC lifted its position in shares of GATX by 20.6% during the first quarter. Vident Advisory LLC now owns 2,445 shares of the transportation company’s stock worth $380,000 after purchasing an additional 418 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of GATX during the first quarter worth $4,206,000. Dark Forest Capital Management LP purchased a new stake in shares of GATX during the first quarter valued at $5,544,000. Finally, Advisors Asset Management Inc. increased its stake in GATX by 58.1% in the 1st quarter. Advisors Asset Management Inc. now owns 3,196 shares of the transportation company’s stock worth $496,000 after buying an additional 1,174 shares during the period. Institutional investors own 93.14% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Aken Jennifer Van sold 1,800 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $164.15, for a total transaction of $295,470.00. Following the transaction, the senior vice president directly owned 5,912 shares in the company, valued at $970,454.80. The trade was a 23.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.17% of the stock is currently owned by company insiders.

GATX Stock Performance

GATX stock opened at $171.94 on Wednesday. The firm has a market cap of $6.14 billion, a price-to-earnings ratio of 20.09 and a beta of 1.17. The firm has a 50-day simple moving average of $162.40 and a two-hundred day simple moving average of $162.59. GATX Corporation has a one year low of $139.44 and a one year high of $178.26. The company has a debt-to-equity ratio of 3.26, a quick ratio of 3.81 and a current ratio of 3.81.

GATX (NYSE:GATX) last issued its quarterly earnings data on Tuesday, October 21st. The transportation company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.22). GATX had a return on equity of 11.62% and a net margin of 18.35%.The firm had revenue of $439.30 million during the quarter, compared to analysts’ expectations of $435.21 million. During the same period in the previous year, the firm earned $2.43 EPS. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. On average, equities analysts forecast that GATX Corporation will post 8.5 EPS for the current fiscal year.

GATX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given 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 dividend yield of 1.4%. GATX’s dividend payout ratio (DPR) is presently 28.50%.

Analyst Upgrades and Downgrades

GATX has been the topic of a number of research analyst reports. Susquehanna upped their target price 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. Citigroup lifted their target price on GATX from $191.00 to $192.00 and gave the company a “buy” rating in a research report on Monday, November 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of GATX in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $192.00.

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.