GATX Corporation $GATX Stock Holdings Lessened by D.A. Davidson & CO.

D.A. Davidson & CO. trimmed its stake in GATX Corporation (NYSE:GATX) by 8.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,750 shares of the transportation company’s stock after selling 451 shares during the quarter. D.A. Davidson & CO.’s holdings in GATX were worth $729,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in GATX. GAMMA Investing LLC lifted its position in shares of GATX by 337.8% in the first quarter. GAMMA Investing LLC now owns 2,294 shares of the transportation company’s stock worth $356,000 after purchasing an additional 1,770 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of GATX by 3.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,356 shares of the transportation company’s stock worth $521,000 after purchasing an additional 126 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of GATX by 6.1% in the first quarter. Janney Montgomery Scott LLC now owns 2,523 shares of the transportation company’s stock worth $392,000 after purchasing an additional 146 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of GATX by 10.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 44,374 shares of the transportation company’s stock worth $6,939,000 after purchasing an additional 4,343 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its position in shares of GATX by 29.4% in the first quarter. Teacher Retirement System of Texas now owns 8,796 shares of the transportation company’s stock worth $1,366,000 after purchasing an additional 1,997 shares in the last quarter. 93.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Anne L. Arvia sold 979 shares of GATX stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $165.35, for a total value of $161,877.65. Following the transaction, the director owned 33,077 shares of the company’s stock, valued at $5,469,281.95. This trade represents a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert C. Lyons sold 12,635 shares of GATX stock in a transaction that occurred on Wednesday, September 3rd. The shares were 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 approximately $8,412,139.75. This represents a 19.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 17,914 shares of company stock worth $2,953,509. 2.17% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Susquehanna increased their price target on shares of 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 shares of GATX in a research report on Monday, September 22nd. They set a “buy” rating and a $201.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of GATX in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $184.00.

GATX Price Performance

Shares of GATX opened at $159.94 on Wednesday. The firm has a market cap of $5.69 billion, a PE ratio of 18.68 and a beta of 1.18. The firm’s 50 day moving average price is $169.72 and its 200 day moving average price 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 Corporation has a twelve month low of $137.05 and a twelve month high of $178.26.

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

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.