GATX Corporation $GATX Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC decreased its holdings in GATX Corporation (NYSE:GATX) by 3.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,013 shares of the transportation company’s stock after selling 410 shares during the quarter. HighTower Advisors LLC’s holdings in GATX were worth $1,555,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in GATX by 0.9% in the 1st quarter. Principal Financial Group Inc. now owns 82,389 shares of the transportation company’s stock worth $12,793,000 after acquiring an additional 767 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of GATX by 3.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,356 shares of the transportation company’s stock valued at $521,000 after purchasing an additional 126 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of GATX by 29.4% in the 1st quarter. Teacher Retirement System of Texas now owns 8,796 shares of the transportation company’s stock valued at $1,366,000 after purchasing an additional 1,997 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of GATX by 6.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,523 shares of the transportation company’s stock valued at $392,000 after purchasing an additional 146 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in GATX by 337.8% in the 1st quarter. GAMMA Investing LLC now owns 2,294 shares of the transportation company’s stock worth $356,000 after buying an additional 1,770 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Susquehanna set a $190.00 price objective on GATX and gave the stock a “positive” rating in a report on Monday, August 18th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, GATX has an average rating of “Moderate Buy” and an average price target of $177.67.

Insider Buying and Selling

In related news, VP Jennifer Mcmanus sold 1,800 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $154.92, for a total value of $278,856.00. Following the transaction, the vice president owned 3,468 shares of the company’s stock, valued at $537,262.56. This represents a 34.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Anne L. Arvia sold 979 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $165.35, for a total value of $161,877.65. Following the completion of the transaction, the director directly owned 33,077 shares in the company, valued at $5,469,281.95. This trade represents a 2.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,679 shares of company stock worth $3,705,974 over the last ninety days. Insiders own 2.17% of the company’s stock.

GATX Stock Up 3.8%

Shares of NYSE GATX opened at $166.1990 on Monday. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 19.02 and a beta of 1.18. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 3.27. GATX Corporation has a 52-week low of $127.69 and a 52-week high of $168.89. The business’s 50 day moving average is $155.48 and its two-hundred day moving average is $153.99.

GATX (NYSE:GATX) last announced its earnings results on Tuesday, July 29th. The transportation company reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.11. GATX had a return on equity of 12.52% and a net margin of 19.13%.The company had revenue of $430.50 million for the quarter, compared to analyst estimates of $425.52 million. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. Research analysts predict that GATX Corporation will post 8.5 EPS for the current year.

GATX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.5%. GATX’s dividend payout ratio is currently 27.92%.

GATX Profile

GATX Corporation, together its subsidiaries, operates as railcar leasing company in the United States, Canada, Mexico, Europe, and India. It operates through three segments: Rail North America, Rail International, and Portfolio Management. The company leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.