Dimensional Fund Advisors LP Has $257.44 Million Stock Position in GATX Corporation $GATX

Dimensional Fund Advisors LP lessened its stake in shares of GATX Corporation (NYSE:GATX) by 8.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,472,791 shares of the transportation company’s stock after selling 132,613 shares during the quarter. Dimensional Fund Advisors LP owned about 4.13% of GATX worth $257,444,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Bank of America Corp DE increased its position in GATX by 0.5% in the 2nd quarter. Bank of America Corp DE now owns 1,219,746 shares of the transportation company’s stock valued at $187,304,000 after buying an additional 6,104 shares in the last quarter. American Century Companies Inc. boosted its holdings in GATX by 5.1% in the third quarter. American Century Companies Inc. now owns 1,137,000 shares of the transportation company’s stock worth $198,748,000 after acquiring an additional 55,609 shares in the last quarter. Sei Investments Co. grew its stake in GATX by 2.4% in the second quarter. Sei Investments Co. now owns 924,437 shares of the transportation company’s stock valued at $141,956,000 after acquiring an additional 21,631 shares during the period. Geode Capital Management LLC grew its stake in GATX by 0.8% in the second quarter. Geode Capital Management LLC now owns 879,139 shares of the transportation company’s stock valued at $135,017,000 after acquiring an additional 6,612 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in shares of GATX by 4.7% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 455,010 shares of the transportation company’s stock valued at $79,536,000 after acquiring an additional 20,595 shares in the last quarter. 93.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other GATX news, SVP Aken Jennifer Van sold 1,800 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $164.15, for a total value of $295,470.00. Following the completion of the sale, the senior vice president directly owned 5,912 shares of the company’s stock, valued at approximately $970,454.80. This represents a 23.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Jeffery R. Young sold 2,595 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $196.29, for a total transaction of $509,372.55. Following the completion of the sale, the senior vice president owned 7,700 shares of the company’s stock, valued at approximately $1,511,433. This trade represents a 25.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 11,595 shares of company stock valued at $2,202,995 over the last ninety days. Company insiders own 2.17% of the company’s stock.

Analyst Ratings Changes

GATX has been the topic of a number of research reports. Susquehanna upped their target price on GATX from $212.00 to $220.00 and gave the stock a “positive” rating in a research report on Friday, February 20th. Citigroup lowered shares of GATX from a “buy” rating to a “neutral” rating and boosted their price target for the company from $197.00 to $210.00 in a research note on Tuesday, February 24th. Weiss Ratings restated a “buy (b)” rating on shares of GATX in a report on Thursday, January 22nd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $204.00 price objective on shares of GATX in a research note on Wednesday, January 14th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $211.33.

GATX Stock Performance

Shares of GATX opened at $178.47 on Friday. The firm has a market capitalization of $6.34 billion, a P/E ratio of 19.57 and a beta of 1.19. GATX Corporation has a 52 week low of $139.44 and a 52 week high of $199.00. The stock has a 50 day moving average price of $182.95 and a two-hundred day moving average price of $171.97. The company has a debt-to-equity ratio of 3.45, a quick ratio of 16.31 and a current ratio of 16.31.

GATX (NYSE:GATX) last posted its earnings results on Thursday, February 19th. The transportation company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.02. GATX had a return on equity of 11.05% and a net margin of 19.15%.The company had revenue of $449.00 million for the quarter, compared to analyst estimates of $443.67 million. During the same quarter last year, the company earned $1.93 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. Equities analysts forecast that GATX Corporation will post 8.5 earnings per share for the current fiscal year.

GATX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 2nd will be issued a $0.66 dividend. This is an increase from GATX’s previous quarterly dividend of $0.61. This represents a $2.64 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, March 2nd. GATX’s dividend payout ratio is currently 28.95%.

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.