New York State Teachers Retirement System Reduces Position in GATX Corporation $GATX

New York State Teachers Retirement System decreased its holdings in shares of GATX Corporation (NYSE:GATX) by 16.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,475 shares of the transportation company’s stock after selling 6,247 shares during the quarter. New York State Teachers Retirement System owned 0.09% of GATX worth $5,374,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Larson Financial Group LLC boosted its holdings in GATX by 364.5% during the 3rd quarter. Larson Financial Group LLC now owns 144 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 113 shares during the period. Community Bank N.A. bought a new stake in shares of GATX during the third quarter worth $27,000. Ameriflex Group Inc. purchased a new stake in shares of GATX during the third quarter valued at $27,000. Caitong International Asset Management Co. Ltd bought a new position in shares of GATX in the fourth quarter worth about $27,000. Finally, Los Angeles Capital Management LLC bought a new position in shares of GATX in the fourth quarter worth about $27,000. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

GATX Stock Down 1.9%

Shares of GATX stock opened at $174.47 on Wednesday. The firm’s 50 day moving average price is $177.47 and its 200-day moving average price is $179.80. The company has a quick ratio of 3.91, a current ratio of 3.91 and a debt-to-equity ratio of 3.41. GATX Corporation has a 52-week low of $148.20 and a 52-week high of $205.56. The company has a market cap of $6.19 billion, a P/E ratio of 18.72 and a beta of 1.17.

GATX (NYSE:GATX) last released its earnings results on Thursday, May 7th. The transportation company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.07. GATX had a net margin of 17.88% and a return on equity of 10.31%. The company had revenue of $583.70 million for the quarter, compared to the consensus estimate of $599.76 million. During the same quarter in the previous year, the firm earned $2.15 EPS. GATX’s revenue was up 38.4% compared to the same quarter last year. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. On average, sell-side analysts predict that GATX Corporation will post 9.8 EPS for the current fiscal year.

GATX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, June 15th. GATX’s dividend payout ratio (DPR) is currently 28.33%.

Wall Street Analyst Weigh In

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

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.