Peregrine Capital Management LLC Has $5.85 Million Holdings in GATX Corporation $GATX

Peregrine Capital Management LLC lessened its position in shares of GATX Corporation (NYSE:GATX) by 8.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 34,286 shares of the transportation company’s stock after selling 3,314 shares during the period. Peregrine Capital Management LLC’s holdings in GATX were worth $5,854,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC grew its holdings 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. bought a new stake in shares of GATX during the 3rd quarter valued at about $27,000. Ameriflex Group Inc. acquired a new stake in GATX during the third quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in GATX during the fourth quarter worth approximately $27,000. Finally, Los Angeles Capital Management LLC bought a new stake in GATX in the fourth quarter worth approximately $27,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Stock Performance

Shares of GATX stock opened at $172.21 on Thursday. The business has a 50-day simple moving average of $179.37 and a 200 day simple moving average of $179.66. GATX Corporation has a one year low of $148.20 and a one year high of $205.56. The company has a debt-to-equity ratio of 3.41, a current ratio of 3.91 and a quick ratio of 3.91. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 18.48 and a beta of 1.17.

GATX (NYSE:GATX) last announced its quarterly earnings results on Thursday, May 7th. The transportation company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.07. GATX had a return on equity of 10.31% and a net margin of 17.88%.The business 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 company earned $2.15 earnings per share. The company’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, research analysts anticipate that GATX Corporation will post 9.8 earnings per share for the current fiscal year.

GATX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.66 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.64 annualized dividend and a yield of 1.5%. GATX’s dividend payout ratio (DPR) is presently 28.33%.

Wall Street Analyst Weigh In

GATX has been the topic of several recent analyst reports. The Goldman Sachs Group reissued a “buy” rating and issued a $222.00 price target on shares of GATX in a research note on Thursday, May 7th. Citigroup raised shares of GATX from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $210.00 to $211.00 in a research report on Wednesday, April 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of GATX in a research note on Tuesday, April 21st. Finally, Susquehanna reduced their price target on shares of GATX from $220.00 to $218.00 and set a “positive” rating for the company in a report on Friday, May 8th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, GATX currently has a consensus rating of “Buy” and an average target price of $217.00.

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.