GATX Corporation $GATX Stake Lowered by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its stake in shares of GATX Corporation (NYSE:GATX) by 3.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,009 shares of the transportation company’s stock after selling 145 shares during the quarter. State of Alaska Department of Revenue’s holdings in GATX were worth $615,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in GATX. CWM LLC lifted its position in GATX by 12.7% in the first quarter. CWM LLC now owns 621 shares of the transportation company’s stock worth $96,000 after purchasing an additional 70 shares during the period. State of Michigan Retirement System lifted its position in GATX by 1.2% in the first quarter. State of Michigan Retirement System now owns 8,512 shares of the transportation company’s stock worth $1,322,000 after purchasing an additional 100 shares during the period. Louisiana State Employees Retirement System lifted its position in GATX by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,000 shares of the transportation company’s stock worth $1,553,000 after purchasing an additional 100 shares during the period. Rehmann Capital Advisory Group lifted its position in GATX by 6.6% in the first quarter. Rehmann Capital Advisory Group now owns 1,753 shares of the transportation company’s stock worth $272,000 after purchasing an additional 109 shares during the period. Finally, Beverly Hills Private Wealth LLC lifted its position in GATX by 3.1% in the first quarter. Beverly Hills Private Wealth LLC now owns 3,805 shares of the transportation company’s stock worth $591,000 after purchasing an additional 116 shares during the period. 93.14% of the stock is owned by institutional investors.

Insider Activity at GATX

In other news, SVP Kevin Hillesland sold 2,200 shares of the company’s stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $152.59, for a total value of $335,698.00. Following the transaction, the senior vice president directly owned 7,606 shares of the company’s stock, valued at approximately $1,160,599.54. This represents a 22.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert C. Lyons sold 12,635 shares of the company’s stock in a transaction 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 directly owned 50,575 shares in the company, valued at $8,412,139.75. This trade represents a 19.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,914 shares of company stock valued at $2,953,509. 2.17% of the stock is owned by insiders.

GATX Price Performance

Shares of NYSE:GATX opened at $173.87 on Wednesday. The company’s fifty day moving average is $165.53 and its two-hundred day moving average is $156.45. 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 12-month low of $130.95 and a 12-month high of $178.26. The company has a market cap of $6.19 billion, a P/E ratio of 19.89 and a beta of 1.18.

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 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 company had revenue of $430.50 million for the quarter, compared to the consensus estimate of $425.52 million. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. Equities analysts expect that GATX Corporation will post 8.5 earnings per share for the current fiscal year.

GATX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a $0.61 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.4%. GATX’s dividend payout ratio is 27.92%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on GATX shares. Weiss Ratings restated a “buy (b)” rating on shares of GATX in a research report on Saturday, September 27th. Citigroup started coverage on GATX in a research report on Monday, September 22nd. They set a “buy” rating and a $201.00 price objective for the company. Finally, Susquehanna set a $190.00 price objective on GATX and gave the company a “positive” rating in a research report on Monday, August 18th. 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 MarketBeat, GATX has an average rating of “Moderate Buy” and an average target price of $183.50.

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.