GATX Corporation $GATX is Gabelli Funds LLC’s 9th Largest Position

Gabelli Funds LLC decreased its position in GATX Corporation (NYSE:GATX) by 4.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 926,550 shares of the transportation company’s stock after selling 38,750 shares during the quarter. GATX accounts for approximately 1.1% of Gabelli Funds LLC’s portfolio, making the stock its 9th largest position. Gabelli Funds LLC owned about 2.60% of GATX worth $161,961,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its position in shares of GATX by 434.3% during the second quarter. Hantz Financial Services Inc. now owns 187 shares of the transportation company’s stock worth $29,000 after buying an additional 152 shares during the period. Jones Financial Companies Lllp grew its stake in shares of GATX by 61.3% in the third quarter. Jones Financial Companies Lllp now owns 221 shares of the transportation company’s stock valued at $39,000 after buying an additional 84 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of GATX by 257.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 307 shares of the transportation company’s stock valued at $54,000 after buying an additional 221 shares during the period. Mather Group LLC. purchased a new stake in shares of GATX in the 3rd quarter valued at $72,000. Finally, Meeder Asset Management Inc. acquired a new position in GATX during the 3rd quarter worth about $76,000. 93.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Robert Zmudka sold 5,200 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $192.61, for a total value of $1,001,572.00. Following the completion of the transaction, the vice president directly owned 7,493 shares of the company’s stock, valued at $1,443,226.73. This represents a 40.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Aken Jennifer Van sold 1,800 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $164.15, for a total transaction of $295,470.00. Following the completion of the transaction, the senior vice president owned 5,912 shares in the company, valued at $970,454.80. This represents a 23.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,595 shares of company stock worth $2,202,995 in the last three months. 2.17% of the stock is owned by company insiders.

GATX Stock Performance

Shares of GATX stock opened at $178.47 on Friday. The company has a market cap of $6.34 billion, a P/E ratio of 19.57 and a beta of 1.19. The firm has a fifty day moving average price of $182.95 and a 200 day moving average price of $171.97. The company has a current ratio of 16.31, a quick ratio of 16.31 and a debt-to-equity ratio of 3.45. GATX Corporation has a 12 month low of $139.44 and a 12 month high of $199.00.

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

GATX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 2nd will be paid a dividend of $0.66 per share. The ex-dividend date is Monday, March 2nd. This is a positive change from GATX’s previous quarterly dividend of $0.61. This represents a $2.64 annualized dividend and a yield of 1.5%. GATX’s dividend payout ratio (DPR) is presently 28.95%.

Wall Street Analysts Forecast Growth

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

GATX Profile

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.