Vanguard Group Inc. Sells 21,958 Shares of GATX Corporation $GATX

Vanguard Group Inc. reduced its stake in shares of GATX Corporation (NYSE:GATX) by 0.6% in the fourth quarter, Holdings Channel reports. The firm owned 3,837,799 shares of the transportation company’s stock after selling 21,958 shares during the period. Vanguard Group Inc. owned 0.11% of GATX worth $650,891,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Brown Brothers Harriman & Co. boosted its stake in shares of GATX by 26.5% during the third quarter. Brown Brothers Harriman & Co. now owns 315 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 66 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of GATX by 41.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 237 shares of the transportation company’s stock valued at $41,000 after buying an additional 70 shares during the last quarter. Vident Advisory LLC lifted its position in shares of GATX by 2.6% during the third quarter. Vident Advisory LLC now owns 2,824 shares of the transportation company’s stock valued at $494,000 after buying an additional 72 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of GATX by 0.9% during the second quarter. Thrivent Financial for Lutherans now owns 8,406 shares of the transportation company’s stock valued at $1,291,000 after acquiring an additional 73 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its holdings in shares of GATX by 1.0% during the third quarter. Neuberger Berman Group LLC now owns 7,819 shares of the transportation company’s stock valued at $1,367,000 after acquiring an additional 76 shares in the last quarter. 93.14% of the stock is owned by hedge funds and other institutional investors.

GATX Trading Down 0.0%

Shares of GATX stock opened at $196.27 on Monday. The company’s 50-day moving average price is $182.90 and its 200-day moving average price is $175.09. The company has a current ratio of 16.31, a quick ratio of 16.31 and a debt-to-equity ratio of 3.45. The stock has a market cap of $6.97 billion, a price-to-earnings ratio of 21.52 and a beta of 1.24. GATX Corporation has a twelve month low of $143.46 and a twelve month high of $205.56.

GATX (NYSE:GATX) last announced its quarterly earnings results on Thursday, February 19th. The transportation company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.02. The firm had revenue of $449.00 million for the quarter, compared to analysts’ expectations of $443.67 million. GATX had a net margin of 19.15% and a return on equity of 11.05%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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 9.8 earnings per share for the current year.

GATX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, June 15th. GATX’s payout ratio is 28.95%.

Insider Activity at GATX

In other news, VP Robert Zmudka sold 5,200 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $192.61, for a total transaction of $1,001,572.00. Following the sale, the vice president owned 7,493 shares of the company’s stock, valued at approximately $1,443,226.73. This represents a 40.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeffery R. Young sold 2,595 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $196.29, for a total transaction of $509,372.55. Following the sale, the senior vice president directly owned 7,700 shares in the company, valued at $1,511,433. This represents a 25.21% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 9,795 shares of company stock worth $1,907,525. Company insiders own 1.86% of the company’s stock.

Analysts Set New Price Targets

GATX has been the topic of several recent analyst reports. Susquehanna upped their price objective on shares of GATX from $212.00 to $220.00 and gave the company a “positive” rating in a report on Friday, February 20th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $204.00 price objective on shares of GATX in a research note on Wednesday, January 14th. Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a research note on Tuesday, April 21st. Finally, Citigroup raised shares of 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 note on Wednesday, April 8th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $211.67.

GATX Company Profile

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.