GATX Corporation $GATX Shares Acquired by AlphaQuest LLC

AlphaQuest LLC increased its position in GATX Corporation (NYSE:GATX) by 2,010.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,891 shares of the transportation company’s stock after acquiring an additional 2,754 shares during the period. AlphaQuest LLC’s holdings in GATX were worth $444,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of GATX. Vaughan Nelson Investment Management L.P. increased its holdings in shares of GATX by 52.7% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 434,415 shares of the transportation company’s stock worth $66,709,000 after acquiring an additional 149,950 shares during the period. Nuveen LLC acquired a new stake in shares of GATX in the 1st quarter worth about $15,395,000. Jane Street Group LLC increased 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 worth $8,336,000 after acquiring an additional 39,582 shares during the period. Dark Forest Capital Management LP acquired a new stake in shares of GATX in the 1st quarter worth about $5,544,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of GATX in the 1st quarter worth about $4,206,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

Insider Activity

In other news, VP Geoffrey Phillips sold 2,100 shares of the firm’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $168.74, for a total transaction of $354,354.00. Following the completion of the transaction, the vice president owned 6,740 shares in the company, valued at approximately $1,137,307.60. This trade represents a 23.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Robert C. Lyons sold 12,635 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer owned 50,575 shares of the company’s stock, valued at approximately $8,412,139.75. This trade represents a 19.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 15,714 shares of company stock worth $2,617,811. Corporate insiders own 2.17% of the company’s stock.

GATX Stock Down 1.1%

GATX stock opened at $158.18 on Thursday. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 18.48 and a beta of 1.18. The company has a current ratio of 3.81, a quick ratio of 2.93 and a debt-to-equity ratio of 3.26. The company’s 50-day moving average price is $169.68 and its two-hundred day moving average price is $158.32. GATX Corporation has a 52 week low of $137.05 and a 52 week high of $178.26.

GATX (NYSE:GATX) last released its earnings results on Tuesday, October 21st. The transportation company reported $2.10 EPS 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 company had revenue of $439.30 million for the quarter, compared to analyst estimates of $435.21 million. During the same period in the previous year, the business posted $2.43 EPS. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. On average, analysts expect that GATX Corporation will post 8.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GATX. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GATX in a report on Wednesday, October 8th. Citigroup started coverage on shares of GATX in a research note on Monday, September 22nd. They set a “buy” rating and a $201.00 target price on the stock. Finally, Susquehanna raised their target price on shares of GATX from $190.00 to $192.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $184.00.

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.