GATX Corporation $GATX Shares Sold by Legal & General Group Plc

Legal & General Group Plc reduced its holdings in shares of GATX Corporation (NYSE:GATX) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,556 shares of the transportation company’s stock after selling 3,742 shares during the quarter. Legal & General Group Plc’s holdings in GATX were worth $8,913,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC boosted its stake in GATX by 21.3% during the 1st quarter. AQR Capital Management LLC now owns 7,716 shares of the transportation company’s stock valued at $1,198,000 after acquiring an additional 1,357 shares during the last quarter. Millennium Management LLC increased its position in shares of GATX by 54.9% in the 1st quarter. Millennium Management LLC now owns 58,011 shares of the transportation company’s stock worth $9,007,000 after purchasing an additional 20,569 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of GATX by 1.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 116,834 shares of the transportation company’s stock valued at $18,141,000 after purchasing an additional 1,968 shares in the last quarter. Jane Street Group LLC lifted its position in shares of GATX by 280.6% during the first quarter. Jane Street Group LLC now owns 53,690 shares of the transportation company’s stock worth $8,336,000 after purchasing an additional 39,582 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of GATX by 104.7% during the second quarter. Invesco Ltd. now owns 113,613 shares of the transportation company’s stock worth $17,446,000 after purchasing an additional 58,100 shares during the last quarter. Institutional investors own 93.14% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GATX. Citigroup raised GATX from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $210.00 to $211.00 in a report on Wednesday, April 8th. Susquehanna reduced their target price on GATX from $220.00 to $218.00 and set a “positive” rating on the stock in a report on Friday, May 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of GATX in a research report on Tuesday, April 21st. 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 equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $217.00.

GATX Trading Up 3.8%

NYSE GATX opened at $173.13 on Friday. The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.91 and a current ratio of 3.91. GATX Corporation has a one year low of $148.20 and a one year high of $205.56. The company has a 50-day simple moving average of $181.77 and a 200-day simple moving average of $177.58. The firm has a market capitalization of $6.15 billion, a PE ratio of 18.58 and a beta of 1.17.

GATX (NYSE:GATX) last released its quarterly earnings data on Thursday, May 7th. The transportation company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.07. GATX had a net margin of 17.88% and a return on equity of 10.31%. The firm had revenue of $583.70 million for the quarter, compared to analyst estimates of $599.76 million. During the same quarter in the prior year, the business earned $2.15 earnings per share. GATX’s quarterly revenue was up 38.4% on a year-over-year basis. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. On average, equities analysts forecast that GATX Corporation will post 9.8 earnings per share for the current year.

GATX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, June 15th. GATX’s dividend payout ratio is presently 28.33%.

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.