GATX Corporation $GATX Shares Sold by Citigroup Inc.

Citigroup Inc. lowered its holdings in GATX Corporation (NYSE:GATX) by 23.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 12,382 shares of the transportation company’s stock after selling 3,783 shares during the quarter. Citigroup Inc.’s holdings in GATX were worth $2,164,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charter Capital Management LLC DE purchased a new stake in shares of GATX during the 3rd quarter worth approximately $515,000. JPMorgan Chase & Co. grew its position in shares of GATX by 5.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 181,659 shares of the transportation company’s stock valued at $27,896,000 after buying an additional 9,667 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in GATX during the 2nd quarter worth $2,244,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in GATX by 179.2% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,591 shares of the transportation company’s stock worth $2,701,000 after acquiring an additional 11,290 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in GATX by 3.1% in the second quarter. Rhumbline Advisers now owns 120,642 shares of the transportation company’s stock valued at $18,526,000 after acquiring an additional 3,589 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

Analyst Ratings Changes

GATX has been the topic of several research reports. Citigroup lowered GATX from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $197.00 to $210.00 in a report on Tuesday, February 24th. Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a report on Thursday, January 22nd. The Goldman Sachs Group reissued a “buy” rating and issued a $204.00 target price on shares of GATX in a research report on Wednesday, January 14th. Finally, Susquehanna raised 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. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $211.33.

GATX Stock Down 1.8%

Shares of NYSE:GATX opened at $178.47 on Friday. The stock 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 $172.05. The company has a debt-to-equity ratio of 3.45, a current ratio of 16.31 and a quick ratio of 16.31. GATX Corporation has a 1-year low of $139.44 and a 1-year high of $199.00.

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

GATX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 2nd will be given a $0.66 dividend. This is a boost from GATX’s previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 2nd. This represents a $2.64 annualized dividend and a yield of 1.5%. GATX’s payout ratio is presently 28.95%.

Insider Buying and Selling

In other GATX news, VP Robert Zmudka sold 5,200 shares of GATX 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 transaction, the vice president directly owned 7,493 shares in the company, valued at approximately $1,443,226.73. This trade represents a 40.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Aken Jennifer Van sold 1,800 shares of the business’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 completion of the transaction, the senior vice president directly owned 5,912 shares in the company, valued at approximately $970,454.80. The trade was a 23.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 11,595 shares of company stock worth $2,202,995. 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.