Nicholas Investment Partners LP Trims Position in GATX Corporation $GATX

Nicholas Investment Partners LP decreased its position in shares of GATX Corporation (NYSE:GATX) by 18.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 22,733 shares of the transportation company’s stock after selling 5,247 shares during the quarter. Nicholas Investment Partners LP’s holdings in GATX were worth $3,856,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of GATX. Northwestern Mutual Wealth Management Co. lifted its stake in shares of GATX by 270,265.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 640,765 shares of the transportation company’s stock valued at $108,674,000 after buying an additional 640,528 shares during the period. Norges Bank purchased a new position in shares of GATX during the fourth quarter valued at approximately $86,241,000. Alliancebernstein L.P. lifted its stake in shares of GATX by 681.7% during the third quarter. Alliancebernstein L.P. now owns 574,333 shares of the transportation company’s stock valued at $100,393,000 after buying an additional 500,857 shares during the period. Squarepoint Ops LLC lifted its stake in shares of GATX by 429.5% during the second quarter. Squarepoint Ops LLC now owns 187,835 shares of the transportation company’s stock valued at $28,844,000 after buying an additional 152,361 shares during the period. Finally, Steadfast Capital Management LP purchased a new position in GATX during the third quarter worth approximately $24,489,000. Hedge funds and other institutional investors own 93.14% of the company’s stock.

GATX Stock Performance

NYSE:GATX opened at $174.39 on Friday. 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 company has a market cap of $6.19 billion, a P/E ratio of 18.71 and a beta of 1.17. GATX Corporation has a fifty-two week low of $148.20 and a fifty-two week high of $205.56. The firm’s 50 day moving average is $182.22 and its two-hundred day moving average is $178.22.

GATX (NYSE:GATX) last posted its quarterly earnings results on Thursday, May 7th. The transportation company reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.07. The company had revenue of $583.70 million for 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% on a year-over-year basis. During the same quarter last year, the firm posted $2.15 earnings per share. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. Analysts expect that GATX Corporation will post 9.8 EPS for the current year.

GATX Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have weighed in on GATX. The Goldman Sachs Group reaffirmed a “buy” rating and set a $222.00 price target on shares of GATX in a research note on Thursday, May 7th. Citigroup raised shares of GATX from a “neutral” rating to a “buy” rating and increased their price target for the stock from $210.00 to $211.00 in a research note on Wednesday, April 8th. Susquehanna cut their price target on shares of GATX from $220.00 to $218.00 and set a “positive” rating on the stock in a research note on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of GATX in a research note on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $217.00.

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.