Wealth Enhancement Advisory Services LLC Has $484,000 Stock Position in GATX Corporation $GATX

Wealth Enhancement Advisory Services LLC lowered its position in shares of GATX Corporation (NYSE:GATX) by 9.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,041 shares of the transportation company’s stock after selling 315 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in GATX were worth $484,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GATX. Nuveen LLC acquired a new position in GATX during the 1st quarter worth approximately $15,395,000. Jane Street Group LLC boosted its holdings in shares of GATX by 280.6% in the 1st quarter. Jane Street Group LLC now owns 53,690 shares of the transportation company’s stock valued at $8,336,000 after buying an additional 39,582 shares during the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of GATX in the 1st quarter valued at approximately $5,544,000. Cubist Systematic Strategies LLC acquired a new stake in shares of GATX in the 1st quarter valued at approximately $4,206,000. Finally, Millennium Management LLC boosted its holdings in shares of GATX by 54.9% in the 1st quarter. Millennium Management LLC now owns 58,011 shares of the transportation company’s stock valued at $9,007,000 after buying an additional 20,569 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Trading Up 0.5%

Shares of GATX stock opened at $175.95 on Monday. The business has a fifty day simple moving average of $164.67 and a two-hundred day simple moving average of $156.18. GATX Corporation has a 1 year low of $127.93 and a 1 year high of $178.26. The company has a market capitalization of $6.26 billion, a price-to-earnings ratio of 20.13 and a beta of 1.18. The company has a debt-to-equity ratio of 3.27, a current ratio of 2.93 and a quick ratio of 2.93.

GATX (NYSE:GATX) last posted 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. The firm had revenue of $430.50 million for the quarter, compared to analysts’ expectations of $425.52 million. GATX had a return on equity of 12.52% and a net margin of 19.13%. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. Research analysts forecast that GATX Corporation will post 8.5 EPS for the current year.

GATX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $0.61 per share. The ex-dividend date was Monday, September 15th. This represents a $2.44 annualized dividend and a yield of 1.4%. GATX’s dividend payout ratio (DPR) is presently 27.92%.

Insider Transactions at GATX

In other GATX news, SVP Kevin Hillesland sold 2,200 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $152.59, for a total transaction of $335,698.00. Following the transaction, the senior vice president owned 7,606 shares in the company, valued at $1,160,599.54. This trade represents a 22.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Geoffrey Phillips sold 2,100 shares of the stock in a transaction on Thursday, August 28th. The stock was 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. The trade was a 23.76% 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. 2.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on GATX. Susquehanna set a $190.00 price objective on GATX and gave the company a “positive” rating in a report on Monday, August 18th. Citigroup began coverage on GATX in a report on Monday, September 22nd. They issued a “buy” rating and a $201.00 price objective for the company. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a report on Saturday, September 27th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $183.50.

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.