State of Alaska Department of Revenue Increases Holdings in GATX Corporation $GATX

State of Alaska Department of Revenue increased its stake in GATX Corporation (NYSE:GATX) by 56.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,084 shares of the transportation company’s stock after purchasing an additional 3,280 shares during the quarter. State of Alaska Department of Revenue’s holdings in GATX were worth $1,539,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in GATX. Alliancebernstein L.P. grew its position in shares of GATX by 681.7% in the third quarter. Alliancebernstein L.P. now owns 574,333 shares of the transportation company’s stock valued at $100,393,000 after purchasing an additional 500,857 shares in the last quarter. Squarepoint Ops LLC grew its position in shares of GATX by 429.5% in the second quarter. Squarepoint Ops LLC now owns 187,835 shares of the transportation company’s stock valued at $28,844,000 after purchasing an additional 152,361 shares in the last quarter. Steadfast Capital Management LP purchased a new position in shares of GATX in the third quarter valued at $24,489,000. Invesco Ltd. grew its position in shares of GATX by 104.7% in the second quarter. Invesco Ltd. now owns 113,613 shares of the transportation company’s stock valued at $17,446,000 after purchasing an additional 58,100 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of GATX by 5.1% in the third quarter. American Century Companies Inc. now owns 1,137,000 shares of the transportation company’s stock valued at $198,748,000 after purchasing an additional 55,609 shares in the last quarter. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GATX has been the subject of several recent research reports. Susquehanna lifted their price target on GATX from $212.00 to $220.00 and gave the company a “positive” rating in a research report on Friday, February 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of GATX in a research report on Thursday, January 22nd. Citigroup upgraded GATX from a “neutral” rating to a “buy” rating and lifted their price target for the company from $210.00 to $211.00 in a research report on Wednesday, April 8th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $204.00 price target on shares of GATX in a research report on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $211.67.

Insider Buying and Selling

In related news, VP Robert Zmudka sold 5,200 shares of the business’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 sale, the vice president owned 7,493 shares in the company, valued at $1,443,226.73. The trade was a 40.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jeffery R. Young sold 2,595 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $196.29, for a total value 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 $1,511,433. The trade was a 25.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 9,795 shares of company stock worth $1,907,525 in the last quarter. 1.86% of the stock is owned by insiders.

GATX Stock Performance

NYSE:GATX opened at $198.90 on Monday. The business’s 50-day moving average price is $181.63 and its two-hundred day moving average price is $173.55. GATX Corporation has a twelve month low of $140.75 and a twelve month high of $205.56. The company has a quick ratio of 16.31, a current ratio of 16.31 and a debt-to-equity ratio of 3.45. The stock has a market cap of $7.06 billion, a P/E ratio of 21.81 and a beta of 1.22.

GATX (NYSE:GATX) last posted its quarterly earnings data 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 firm had revenue of $449.00 million during the quarter, compared to analysts’ expectations of $443.67 million. GATX had a return on equity of 11.05% and a net margin of 19.15%.The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.93 EPS. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. As a group, equities analysts predict that GATX Corporation will post 8.5 EPS for the current fiscal year.

GATX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 2nd were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, March 2nd. This is a positive change from GATX’s previous quarterly dividend of $0.61. GATX’s dividend payout ratio is presently 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.