Bank of New York Mellon Corp Sells 3,240 Shares of GATX Corporation $GATX

Bank of New York Mellon Corp lessened its stake in shares of GATX Corporation (NYSE:GATX) by 1.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 298,194 shares of the transportation company’s stock after selling 3,240 shares during the quarter. Bank of New York Mellon Corp owned about 0.84% of GATX worth $50,914,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. M&T Bank Corp lifted its position in GATX by 915.2% in the 4th quarter. M&T Bank Corp now owns 26,234 shares of the transportation company’s stock valued at $4,449,000 after acquiring an additional 23,650 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of GATX by 270,265.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 640,765 shares of the transportation company’s stock valued at $108,674,000 after purchasing an additional 640,528 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of GATX by 6.7% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 485,610 shares of the transportation company’s stock valued at $82,359,000 after purchasing an additional 30,600 shares in the last quarter. Retirement Systems of Alabama grew its holdings in shares of GATX by 112.9% during the fourth quarter. Retirement Systems of Alabama now owns 91,627 shares of the transportation company’s stock worth $15,540,000 after buying an additional 48,585 shares in the last quarter. Finally, Norges Bank acquired a new stake in GATX in the 4th quarter valued at approximately $86,241,000. Institutional investors own 93.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on GATX shares. Weiss Ratings restated a “buy (b)” rating on shares of GATX in a research note on Friday, July 17th. Citigroup boosted their price objective on shares of GATX from $211.00 to $214.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Susquehanna decreased their target price on shares of GATX from $220.00 to $218.00 and set a “positive” rating for the company in a research report on Friday, May 8th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $222.00 price target on shares of GATX in a research report on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $218.00.

GATX Trading Up 1.8%

GATX stock opened at $183.51 on Friday. GATX Corporation has a one year low of $148.20 and a one year high of $205.56. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 19.69 and a beta of 1.17. The company has a fifty day moving average price of $174.87 and a two-hundred day moving average price of $180.33. The company has a debt-to-equity ratio of 3.41, a current ratio of 3.91 and a quick ratio of 3.91.

GATX (NYSE:GATX) last posted its earnings results on Thursday, May 7th. The transportation company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.07. The company had revenue of $583.70 million during the quarter, compared to analysts’ expectations of $599.76 million. GATX had a net margin of 17.88% and a return on equity of 10.31%. GATX’s quarterly revenue was up 38.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.15 EPS. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. Equities analysts anticipate that GATX Corporation will post 9.8 EPS for the current year.

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.