American Century Companies Inc. Grows Position in GATX Corporation $GATX

American Century Companies Inc. raised its stake in shares of GATX Corporation (NYSE:GATX) by 5.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,137,000 shares of the transportation company’s stock after purchasing an additional 55,609 shares during the period. American Century Companies Inc. owned 3.18% of GATX worth $198,748,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. lifted its position in shares of GATX by 434.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 187 shares of the transportation company’s stock valued at $29,000 after buying an additional 152 shares in the last quarter. Jones Financial Companies Lllp raised its stake in GATX by 61.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 221 shares of the transportation company’s stock worth $39,000 after acquiring an additional 84 shares during the period. Smartleaf Asset Management LLC lifted its holdings in GATX by 257.0% during the third quarter. Smartleaf Asset Management LLC now owns 307 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 221 shares in the last quarter. Mather Group LLC. purchased a new position in GATX during the third quarter valued at approximately $72,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of GATX in the second quarter worth approximately $65,000. Institutional investors own 93.14% of the company’s stock.

GATX Stock Down 1.9%

Shares of GATX stock opened at $184.01 on Friday. The company’s fifty day simple moving average is $182.05 and its two-hundred day simple moving average is $171.19. GATX Corporation has a 52 week low of $139.44 and a 52 week high of $199.00. The stock has a market cap of $6.53 billion, a P/E ratio of 20.18 and a beta of 1.19. The company has a quick ratio of 16.31, a current ratio of 16.31 and a debt-to-equity ratio of 3.45.

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

GATX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.66 per share. This is a positive change from GATX’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $2.64 annualized dividend and a dividend yield of 1.4%. GATX’s payout ratio is currently 26.75%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GATX shares. The Goldman Sachs Group restated a “buy” rating and set a $204.00 price objective on shares of GATX in a research report on Wednesday, January 14th. Susquehanna increased their price target on GATX from $212.00 to $220.00 and gave the stock a “positive” rating in a research note on Friday, February 20th. Citigroup cut GATX from a “buy” rating to a “neutral” rating and raised their price target for the company from $197.00 to $210.00 in a report on Tuesday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of GATX in a research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $211.33.

Insider Transactions at GATX

In related news, SVP Aken Jennifer Van sold 1,800 shares of the company’s stock in a transaction 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 sale, the senior vice president owned 5,912 shares of the company’s stock, valued at $970,454.80. This represents a 23.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeffery R. Young sold 2,595 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $196.29, for a total transaction of $509,372.55. Following the transaction, the senior vice president owned 7,700 shares of the company’s stock, valued at $1,511,433. This trade represents a 25.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,595 shares of company stock valued at $2,202,995 over the last quarter. 2.17% of the stock is owned by insiders.

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.