Envestnet Asset Management Inc. Cuts Stock Holdings in GATX Corporation $GATX

Envestnet Asset Management Inc. trimmed its stake in shares of GATX Corporation (NYSE:GATX) by 1.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 201,068 shares of the transportation company’s stock after selling 3,142 shares during the period. Envestnet Asset Management Inc. owned 0.56% of GATX worth $30,876,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. CWM LLC grew its stake in shares of GATX by 12.7% in the 1st quarter. CWM LLC now owns 621 shares of the transportation company’s stock worth $96,000 after buying an additional 70 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of GATX by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 10,000 shares of the transportation company’s stock worth $1,553,000 after buying an additional 100 shares in the last quarter. State of Michigan Retirement System grew its stake in shares of GATX by 1.2% in the 1st quarter. State of Michigan Retirement System now owns 8,512 shares of the transportation company’s stock worth $1,322,000 after buying an additional 100 shares in the last quarter. Rehmann Capital Advisory Group grew its stake in shares of GATX by 6.6% in the 1st quarter. Rehmann Capital Advisory Group now owns 1,753 shares of the transportation company’s stock worth $272,000 after buying an additional 109 shares in the last quarter. Finally, Beverly Hills Private Wealth LLC grew its stake in shares of GATX by 3.1% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 3,805 shares of the transportation company’s stock worth $591,000 after buying an additional 116 shares in the last quarter. 93.14% of the stock is owned by hedge funds and other institutional investors.

GATX Trading Down 1.0%

Shares of GATX opened at $156.88 on Monday. GATX Corporation has a 1-year low of $137.05 and a 1-year high of $178.26. The company has a debt-to-equity ratio of 3.26, a current ratio of 3.81 and a quick ratio of 2.93. The firm has a market capitalization of $5.58 billion, a price-to-earnings ratio of 18.33 and a beta of 1.18. The company has a 50-day moving average of $169.46 and a 200 day moving average of $158.53.

GATX (NYSE:GATX) last posted its quarterly 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 business had revenue of $439.30 million during the quarter, compared to the consensus estimate of $435.21 million. During the same quarter in the prior year, the firm posted $2.43 EPS. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. On average, research analysts expect that GATX Corporation will post 8.5 EPS for the current year.

GATX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, December 15th. GATX’s payout ratio is 28.50%.

Analyst Upgrades and Downgrades

GATX has been the subject of a number of recent research reports. Susquehanna lifted their price objective on shares of GATX from $190.00 to $192.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GATX in a research note on Wednesday, October 8th. Finally, Citigroup assumed coverage on shares of GATX in a research note on Monday, September 22nd. They set a “buy” rating and a $201.00 price target for the company. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $184.00.

Insider Buying and Selling

In related news, VP Geoffrey Phillips sold 2,100 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the vice president 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 through this link. Also, Director Anne L. Arvia sold 979 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was 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 of the company’s stock, valued at approximately $5,469,281.95. This trade represents a 2.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,714 shares of company stock worth $2,617,811 in the last 90 days. 2.17% of the stock is owned by corporate insiders.

GATX Company 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.