GATX Corporation $GATX Stake Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in shares of GATX Corporation (NYSE:GATX) by 13.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,898 shares of the transportation company’s stock after buying an additional 24,239 shares during the quarter. JPMorgan Chase & Co. owned 0.58% of GATX worth $35,991,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Larson Financial Group LLC boosted its position in GATX by 364.5% during the 3rd quarter. Larson Financial Group LLC now owns 144 shares of the transportation company’s stock worth $25,000 after acquiring an additional 113 shares during the period. Community Bank N.A. acquired a new position in shares of GATX in the 3rd quarter valued at about $27,000. Ameriflex Group Inc. acquired a new position in shares of GATX in the 3rd quarter valued at about $27,000. BOKF NA lifted its position in shares of GATX by 1,117.6% in the third quarter. BOKF NA now owns 207 shares of the transportation company’s stock worth $36,000 after purchasing an additional 190 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position 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 worth $39,000 after purchasing an additional 84 shares in the last quarter. 93.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Susquehanna raised their price target on shares of GATX from $212.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, February 20th. The Goldman Sachs Group reiterated a “buy” rating and issued a $204.00 price objective on shares of GATX in a research note on Wednesday, January 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of GATX in a research report on Thursday, January 22nd. Finally, Citigroup cut 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 report on Tuesday, February 24th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, GATX currently has an average rating of “Moderate Buy” and a consensus price target of $211.33.

GATX Stock Down 0.3%

Shares of GATX stock opened at $164.86 on Friday. The firm has a market cap of $5.86 billion, a price-to-earnings ratio of 18.08 and a beta of 1.19. The stock has a 50-day simple moving average of $182.29 and a 200-day simple moving average of $172.33. GATX Corporation has a 52-week low of $139.44 and a 52-week high of $199.00. 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 (NYSE:GATX) last released its quarterly earnings data on Thursday, February 19th. The transportation company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.02. The firm had revenue of $449.00 million for 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%.The firm’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.93 earnings per share. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. On average, equities research analysts expect that GATX Corporation will post 8.5 earnings per share for the current fiscal year.

GATX Increases Dividend

The firm also recently declared 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. The ex-dividend date is Monday, March 2nd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.6%. This is an increase from GATX’s previous quarterly dividend of $0.61. GATX’s payout ratio is 28.95%.

Insider Activity at GATX

In other GATX news, SVP Jeffery R. Young sold 2,595 shares of the business’s stock in a transaction dated 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brian L. Glassberg sold 2,000 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $198.29, for a total value of $396,580.00. Following the sale, the executive vice president owned 7,041 shares of the company’s stock, valued at approximately $1,396,159.89. This trade represents a 22.12% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 9,795 shares of company stock valued at $1,907,525. 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.