Gabelli Funds LLC Decreases Stock Holdings in GATX Corporation $GATX

Gabelli Funds LLC reduced its stake in shares of GATX Corporation (NYSE:GATX) by 1.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 913,850 shares of the transportation company’s stock after selling 12,700 shares during the quarter. GATX comprises about 1.0% of Gabelli Funds LLC’s holdings, making the stock its 9th largest position. Gabelli Funds LLC’s holdings in GATX were worth $154,989,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of GATX. Larson Financial Group LLC grew its stake in shares of GATX by 364.5% during the third quarter. Larson Financial Group LLC now owns 144 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 113 shares during the last quarter. Ameriflex Group Inc. bought a new stake in shares of GATX during the third quarter valued at approximately $27,000. Community Bank N.A. bought a new stake in shares of GATX during the third quarter valued at approximately $27,000. Elevation Wealth Partners LLC acquired a new position in GATX in the fourth quarter valued at approximately $32,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in GATX in the fourth quarter valued at approximately $33,000. 93.14% of the stock is owned by institutional investors.

GATX Trading Down 0.0%

Shares of NYSE GATX opened at $172.60 on Monday. The company’s 50 day simple moving average is $182.07 and its 200 day simple moving average is $176.20. GATX Corporation has a fifty-two week low of $143.46 and a fifty-two week high of $205.56. The firm has a market capitalization of $6.13 billion, a P/E ratio of 18.52 and a beta of 1.24. The company has a debt-to-equity ratio of 3.41, a current ratio of 3.91 and a quick ratio of 3.91.

GATX (NYSE:GATX) last announced its quarterly earnings data on Thursday, May 7th. The transportation company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.07. The business had revenue of $583.70 million for the quarter, compared to analyst estimates 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 period in the prior year, the business posted $2.15 earnings per share. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. On average, analysts predict that GATX Corporation will post 9.8 EPS for the current year.

GATX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.66 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.64 annualized dividend and a yield of 1.5%. GATX’s dividend payout ratio (DPR) is 28.33%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GATX. The Goldman Sachs Group restated a “buy” rating and issued a $222.00 price objective on shares of GATX in a report on Thursday, May 7th. Citigroup upgraded shares of GATX from a “neutral” rating to a “buy” rating and increased their price objective for the company from $210.00 to $211.00 in a report on Wednesday, April 8th. Susquehanna cut their price objective on shares of GATX from $220.00 to $218.00 and set a “positive” rating on the stock in a report on Friday, May 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of GATX in a report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $217.00.

Insiders Place Their Bets

In other GATX news, VP Robert Zmudka sold 5,200 shares of the stock in a transaction on Friday, February 20th. The shares were 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. This trade represents a 40.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Brian L. Glassberg sold 2,000 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $198.29, for a total transaction of $396,580.00. Following the completion of the sale, the executive vice president owned 7,041 shares in the company, valued at approximately $1,396,159.89. This trade represents a 22.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 9,795 shares of company stock worth $1,907,525. Company insiders own 1.86% of the company’s stock.

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.