GATX Corporation $GATX Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lowered its stake in shares of GATX Corporation (NYSE:GATX) by 4.6% in the third quarter, Holdings Channel reports. The firm owned 1,226,539 shares of the transportation company’s stock after selling 59,414 shares during the period. GATX comprises about 2.1% of Gamco Investors INC. ET AL’s holdings, making the stock its 2nd biggest position. Gamco Investors INC. ET AL’s holdings in GATX were worth $214,399,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. raised its position in shares of GATX by 434.3% in the second quarter. Hantz Financial Services Inc. now owns 187 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 152 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of GATX by 61.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 221 shares of the transportation company’s stock worth $39,000 after buying an additional 84 shares during the period. Smartleaf Asset Management LLC grew its stake in GATX by 257.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 307 shares of the transportation company’s stock valued at $54,000 after buying an additional 221 shares during the last quarter. Mather Group LLC. acquired a new position in GATX in the 3rd quarter valued at $72,000. Finally, Meeder Asset Management Inc. bought a new position in GATX in the 3rd quarter worth $76,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

Analyst Upgrades and Downgrades

GATX has been the subject of a number of research analyst reports. Citigroup lowered shares of GATX from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $197.00 to $210.00 in a research report on Tuesday, February 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GATX in a research report on Thursday, January 22nd. Susquehanna boosted their price objective on GATX from $212.00 to $220.00 and gave the stock a “positive” rating in a research report on Friday, February 20th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $204.00 price objective on shares of GATX in a research report on Wednesday, January 14th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $211.33.

GATX Trading Down 1.8%

Shares of GATX stock opened at $178.47 on Friday. GATX Corporation has a 1 year low of $139.44 and a 1 year high of $199.00. The firm’s fifty day simple moving average is $182.95 and its 200 day simple moving average is $171.97. The firm has a market capitalization of $6.34 billion, a P/E ratio of 19.57 and a beta of 1.19. The company has a current ratio of 16.31, a quick ratio of 16.31 and a debt-to-equity ratio of 3.45.

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

GATX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 2nd will be paid a $0.66 dividend. The ex-dividend date is Monday, March 2nd. This is a boost from GATX’s previous quarterly dividend of $0.61. This represents a $2.64 annualized dividend and a dividend yield of 1.5%. GATX’s dividend payout ratio is 28.95%.

Insider Activity at GATX

In other GATX news, EVP Brian L. Glassberg sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $198.29, for a total value of $396,580.00. Following the completion of the transaction, the executive vice president owned 7,041 shares of the company’s stock, valued at $1,396,159.89. This represents a 22.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Aken Jennifer Van sold 1,800 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $164.15, for a total value of $295,470.00. Following the completion of the sale, the senior vice president owned 5,912 shares of the company’s stock, valued at $970,454.80. This represents a 23.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,595 shares of company stock worth $2,202,995 in the last three months. Corporate insiders own 2.17% of the company’s stock.

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.