4,789 Shares in GATX Corporation $GATX Purchased by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL acquired a new position in GATX Corporation (NYSE:GATX) in the third quarter, Holdings Channel reports. The fund acquired 4,789 shares of the transportation company’s stock, valued at approximately $837,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in shares of GATX by 21.3% in the 1st quarter. AQR Capital Management LLC now owns 7,716 shares of the transportation company’s stock worth $1,198,000 after buying an additional 1,357 shares during the last quarter. Millennium Management LLC increased its position in shares of GATX by 54.9% during the first quarter. Millennium Management LLC now owns 58,011 shares of the transportation company’s stock valued at $9,007,000 after acquiring an additional 20,569 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in GATX by 1.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 116,834 shares of the transportation company’s stock worth $18,141,000 after acquiring an additional 1,968 shares during the period. Jane Street Group LLC lifted its holdings in GATX by 280.6% during the first quarter. Jane Street Group LLC now owns 53,690 shares of the transportation company’s stock worth $8,336,000 after acquiring an additional 39,582 shares during the period. Finally, Savant Capital LLC boosted its position in GATX by 3.9% in the second quarter. Savant Capital LLC now owns 1,799 shares of the transportation company’s stock worth $276,000 after purchasing an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Analyst Ratings Changes

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

GATX Price Performance

GATX stock opened at $168.56 on Friday. The business’s 50 day simple moving average is $183.19 and its 200 day simple moving average is $172.35. GATX Corporation has a 12 month low of $139.44 and a 12 month high of $199.00. The company has a market cap of $5.98 billion, a price-to-earnings ratio of 18.48 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 released its earnings results on Thursday, February 19th. The transportation company reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.02. The business had revenue of $449.00 million during the quarter, compared to the consensus estimate of $443.67 million. GATX had a return on equity of 11.05% and a net margin of 19.15%.The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the business posted $1.93 earnings per share. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. Sell-side analysts forecast that GATX Corporation will post 8.5 EPS for the current year.

GATX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 2nd will be issued a $0.66 dividend. This is an increase from GATX’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $2.64 annualized dividend and a yield of 1.6%. GATX’s payout ratio is 28.95%.

Insider Buying and Selling

In related news, VP Robert Zmudka sold 5,200 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $192.61, for a total value of $1,001,572.00. Following the sale, the vice president directly owned 7,493 shares in the company, valued at approximately $1,443,226.73. The trade was a 40.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jeffery R. Young sold 2,595 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $196.29, for a total transaction of $509,372.55. Following the sale, the senior vice president directly owned 7,700 shares in the company, valued at approximately $1,511,433. This trade represents a 25.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 9,795 shares of company stock valued at $1,907,525. 2.17% of the stock is owned by insiders.

About GATX

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.