Allspring Global Investments Holdings LLC Purchases 4,630 Shares of GATX Corporation $GATX

Allspring Global Investments Holdings LLC raised its holdings in shares of GATX Corporation (NYSE:GATX) by 11.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,808 shares of the transportation company’s stock after purchasing an additional 4,630 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.13% of GATX worth $7,821,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GATX. Hantz Financial Services Inc. raised its position in shares of GATX by 434.3% in the second quarter. Hantz Financial Services Inc. now owns 187 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 152 shares during the period. Bayforest Capital Ltd grew its stake in GATX by 219.0% in the 2nd quarter. Bayforest Capital Ltd now owns 370 shares of the transportation company’s stock valued at $57,000 after buying an additional 254 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in GATX in the 2nd quarter valued at approximately $65,000. State of Wyoming bought a new stake in GATX during the 2nd quarter valued at $105,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of GATX by 318.2% during the second quarter. EverSource Wealth Advisors LLC now owns 690 shares of the transportation company’s stock worth $106,000 after acquiring an additional 525 shares in the last quarter. Institutional investors own 93.14% of the company’s stock.

GATX Trading Up 1.4%

GATX stock opened at $175.00 on Wednesday. The company has a debt-to-equity ratio of 3.26, a quick ratio of 3.81 and a current ratio of 3.81. GATX Corporation has a fifty-two week low of $139.44 and a fifty-two week high of $178.26. The stock has a market cap of $6.25 billion, a P/E ratio of 20.44 and a beta of 1.16. The firm’s fifty day moving average price is $163.43 and its 200-day moving average price is $163.25.

GATX (NYSE:GATX) last posted 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). The business had revenue of $439.30 million for the quarter, compared to analysts’ expectations of $435.21 million. GATX had a return on equity of 11.62% and a net margin of 18.35%.GATX’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.43 earnings per share. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. Equities research analysts forecast that GATX Corporation will post 8.5 earnings per share for the current fiscal year.

GATX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, December 15th. GATX’s dividend payout ratio is 28.50%.

Analysts Set New Price Targets

GATX has been the subject of a number of analyst reports. Citigroup raised their price target on GATX from $192.00 to $198.00 and gave the stock a “buy” rating in a report on Tuesday. Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a report on Wednesday, October 8th. Finally, Susquehanna lifted their target price on GATX from $190.00 to $192.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, GATX presently has a consensus rating of “Buy” and an average price target of $195.00.

Insider Buying and Selling at GATX

In related news, SVP Aken Jennifer Van sold 1,800 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $164.15, for a total value of $295,470.00. Following the sale, the senior vice president directly owned 5,912 shares of the company’s stock, valued at $970,454.80. This trade represents a 23.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.17% of the company’s stock.

About GATX

GATX Corporation (NYSE: GATX) is a global railcar leasing and asset management company headquartered in Chicago, Illinois. Founded in 1898 as General American Transportation Corporation, GATX has grown into one of the world’s leading lessors of railcars, marine vessels and industrial assets. The company’s core business focuses on leasing and managing high-value equipment for customers in the energy, industrial, chemical, agricultural and metals markets.

In its Rail North America segment, GATX owns and manages a diverse fleet of more than 60,000 railcars, including tank cars, covered hoppers, boxcars and flatcars.