Intech Investment Management LLC Grows Holdings in GATX Corporation $GATX

Intech Investment Management LLC lifted its holdings in GATX Corporation (NYSE:GATX) by 19.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,227 shares of the transportation company’s stock after buying an additional 2,802 shares during the quarter. Intech Investment Management LLC’s holdings in GATX were worth $2,675,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jane Street Group LLC grew its position in GATX by 280.6% during the 1st quarter. Jane Street Group LLC now owns 53,690 shares of the transportation company’s stock valued at $8,336,000 after purchasing an additional 39,582 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in GATX by 1.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 116,834 shares of the transportation company’s stock valued at $18,141,000 after purchasing an additional 1,968 shares during the last quarter. United Services Automobile Association purchased a new stake in GATX during the 1st quarter valued at about $366,000. Petrus Trust Company LTA purchased a new stake in GATX during the 1st quarter valued at about $496,000. Finally, Millennium Management LLC grew its position in GATX by 54.9% during the 1st quarter. Millennium Management LLC now owns 58,011 shares of the transportation company’s stock valued at $9,007,000 after purchasing an additional 20,569 shares during the last quarter. 93.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at GATX

In other news, VP Geoffrey Phillips sold 2,100 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $168.74, for a total value of $354,354.00. Following the transaction, the vice president owned 6,740 shares in the company, valued at $1,137,307.60. This represents a 23.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert C. Lyons sold 12,635 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $166.33, for a total transaction of $2,101,579.55. Following the completion of the transaction, the chief executive officer owned 50,575 shares in the company, valued at $8,412,139.75. This trade represents a 19.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,914 shares of company stock worth $2,953,509 over the last quarter. Company insiders own 2.17% of the company’s stock.

Wall Street Analysts Forecast Growth

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

GATX Stock Performance

Shares of NYSE GATX opened at $169.98 on Monday. The firm’s 50-day moving average price is $159.34 and its 200-day moving average price is $154.33. GATX Corporation has a 52-week low of $127.69 and a 52-week high of $172.08. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 3.27. The company has a market cap of $6.05 billion, a PE ratio of 19.45 and a beta of 1.18.

GATX (NYSE:GATX) last issued its quarterly earnings data on Tuesday, July 29th. The transportation company reported $2.06 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.11. GATX had a net margin of 19.13% and a return on equity of 12.52%. The firm had revenue of $430.50 million for the quarter, compared to analysts’ expectations of $425.52 million. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. As a group, analysts anticipate that GATX Corporation will post 8.5 EPS for the current year.

GATX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, September 15th. GATX’s dividend payout ratio is 27.92%.

About GATX

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.