10,400 Shares in GATX Corporation $GATX Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in shares of GATX Corporation (NYSE:GATX) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,400 shares of the transportation company’s stock, valued at approximately $1,776,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of GATX by 270,265.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 640,765 shares of the transportation company’s stock valued at $108,674,000 after acquiring an additional 640,528 shares during the last quarter. Norges Bank bought a new stake in shares of GATX in the fourth quarter worth $86,241,000. Alliancebernstein L.P. increased its holdings in GATX by 681.7% in the third quarter. Alliancebernstein L.P. now owns 574,333 shares of the transportation company’s stock valued at $100,393,000 after purchasing an additional 500,857 shares during the period. Squarepoint Ops LLC increased its holdings in GATX by 429.5% in the second quarter. Squarepoint Ops LLC now owns 187,835 shares of the transportation company’s stock valued at $28,844,000 after purchasing an additional 152,361 shares during the period. Finally, Steadfast Capital Management LP bought a new position in GATX during the 3rd quarter worth $24,489,000. 93.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on GATX shares. Susquehanna cut 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. Citigroup upgraded 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. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $222.00 price objective on shares of GATX in a research note on Thursday, May 7th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of GATX in a report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $217.00.

GATX Price Performance

GATX stock opened at $177.26 on Wednesday. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 19.02 and a beta of 1.17. The company has a quick ratio of 3.91, a current ratio of 3.91 and a debt-to-equity ratio of 3.41. GATX Corporation has a 12-month low of $148.20 and a 12-month high of $205.56. The company’s fifty day simple moving average is $179.94 and its 200 day simple moving average is $179.64.

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

GATX Announces Dividend

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

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.