GATX Corporation $GATX Shares Bought by Ethic Inc.

Ethic Inc. raised its stake in GATX Corporation (NYSE:GATX) by 34.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,533 shares of the transportation company’s stock after acquiring an additional 905 shares during the period. Ethic Inc.’s holdings in GATX were worth $548,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. TCTC Holdings LLC boosted its position in shares of GATX by 117.0% during the first quarter. TCTC Holdings LLC now owns 243 shares of the transportation company’s stock worth $38,000 after buying an additional 131 shares during the period. Bayforest Capital Ltd boosted its position in shares of GATX by 219.0% during the second quarter. Bayforest Capital Ltd now owns 370 shares of the transportation company’s stock worth $57,000 after buying an additional 254 shares during the period. CWM LLC boosted its position in shares of GATX by 12.7% during the first quarter. CWM LLC now owns 621 shares of the transportation company’s stock worth $96,000 after buying an additional 70 shares during the period. Brooklyn Investment Group acquired a new position in shares of GATX during the first quarter worth approximately $100,000. Finally, Hilltop National Bank acquired a new position in shares of GATX during the second quarter worth approximately $153,000. 93.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GATX shares. Susquehanna boosted their price objective on GATX from $190.00 to $192.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Citigroup began coverage on GATX in a report on Monday, September 22nd. They set a “buy” rating and a $201.00 target price on the stock. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.00.

Insider Activity

In other news, VP Geoffrey Phillips sold 2,100 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $168.74, for a total transaction of $354,354.00. Following the transaction, the vice president directly owned 6,740 shares in the company, valued at $1,137,307.60. The trade was a 23.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Anne L. Arvia sold 979 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $165.35, for a total transaction of $161,877.65. Following the transaction, the director owned 33,077 shares in the company, valued at approximately $5,469,281.95. This represents a 2.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 17,914 shares of company stock valued at $2,953,509 in the last 90 days. Company insiders own 2.17% of the company’s stock.

GATX Price Performance

NYSE GATX opened at $159.94 on Wednesday. The stock has a market capitalization of $5.69 billion, a P/E ratio of 18.68 and a beta of 1.18. GATX Corporation has a 1 year low of $137.05 and a 1 year high of $178.26. The business’s fifty day moving average is $169.72 and its two-hundred day moving average is $158.25. The company has a debt-to-equity ratio of 3.26, a quick ratio of 2.93 and a current ratio of 3.81.

GATX (NYSE:GATX) last posted its quarterly earnings results on Tuesday, October 21st. The transportation company reported $2.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.32 by ($0.22). The company had revenue of $439.30 million during the quarter, compared to the consensus estimate of $435.21 million. GATX had a net margin of 18.35% and a return on equity of 11.62%. GATX’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.43 EPS. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. On average, research analysts forecast that GATX Corporation will post 8.5 earnings per share for the current fiscal year.

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.