1,446 Shares in GATX Corporation $GATX Purchased by HB Wealth Management LLC

HB Wealth Management LLC acquired a new position in shares of GATX Corporation (NYSE:GATX) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,446 shares of the transportation company’s stock, valued at approximately $222,000.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in GATX by 0.9% in the 1st quarter. Principal Financial Group Inc. now owns 82,389 shares of the transportation company’s stock valued at $12,793,000 after acquiring an additional 767 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in 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 acquiring an additional 126 shares in the last quarter. Teacher Retirement System of Texas grew its position in 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 acquiring an additional 1,997 shares in the last quarter. Janney Montgomery Scott LLC grew its position in 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 acquiring an additional 146 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in GATX by 337.8% in the 1st quarter. GAMMA Investing LLC now owns 2,294 shares of the transportation company’s stock valued at $356,000 after acquiring an additional 1,770 shares in the last quarter. 93.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Transactions at GATX

In other GATX news, VP Geoffrey Phillips sold 2,100 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the vice president owned 6,740 shares in the company, valued at approximately $1,137,307.60. The trade was a 23.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert C. Lyons sold 12,635 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $166.33, for a total value of $2,101,579.55. Following the completion of the sale, the chief executive officer directly owned 50,575 shares of the company’s stock, valued at $8,412,139.75. The trade was a 19.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,914 shares of company stock worth $2,953,509 in the last three months. Corporate insiders own 2.17% of the company’s stock.

GATX Price Performance

GATX stock opened at $173.87 on Wednesday. The business has a 50 day moving average price of $165.53 and a 200 day moving average price of $156.45. The stock has a market cap of $6.19 billion, a price-to-earnings ratio of 19.89 and a beta of 1.18. GATX Corporation has a fifty-two week low of $130.95 and a fifty-two week high of $178.26. 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 (NYSE:GATX) last posted its earnings results 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 during 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. Equities research analysts anticipate that GATX Corporation will post 8.5 earnings per share for the current fiscal year.

GATX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid 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 payout ratio is presently 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.