Blue Trust Inc. Buys 344 Shares of GATX Corporation $GATX

Blue Trust Inc. raised its stake in shares of GATX Corporation (NYSE:GATX) by 7.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,083 shares of the transportation company’s stock after acquiring an additional 344 shares during the quarter. Blue Trust Inc.’s holdings in GATX were worth $780,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. CWM LLC lifted its holdings in shares of GATX by 12.7% during the first quarter. CWM LLC now owns 621 shares of the transportation company’s stock valued at $96,000 after acquiring an additional 70 shares during the period. State of Alaska Department of Revenue increased its stake in shares of GATX by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 4,154 shares of the transportation company’s stock valued at $644,000 after buying an additional 95 shares in the last quarter. State of Michigan Retirement System increased its stake in shares of GATX by 1.2% in the first quarter. State of Michigan Retirement System now owns 8,512 shares of the transportation company’s stock valued at $1,322,000 after buying an additional 100 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of GATX by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,000 shares of the transportation company’s stock valued at $1,553,000 after buying an additional 100 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its stake in shares of GATX by 6.6% in the first quarter. Rehmann Capital Advisory Group now owns 1,753 shares of the transportation company’s stock valued at $272,000 after buying an additional 109 shares in the last quarter. 93.14% of the stock is owned by institutional investors.

GATX Price Performance

Shares of GATX stock opened at $169.29 on Friday. The stock has a 50-day moving average price of $166.68 and a 200 day moving average price of $156.72. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 3.27. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of 19.37 and a beta of 1.18. GATX Corporation has a 12 month low of $130.95 and a 12 month high of $178.26.

GATX (NYSE:GATX) last announced its quarterly earnings data on Tuesday, July 29th. The transportation company reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.11. The firm had revenue of $430.50 million during the quarter, compared to analyst estimates of $425.52 million. GATX had a return on equity of 12.52% and a net margin of 19.13%. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. Research analysts expect that GATX Corporation will post 8.5 EPS for the current year.

GATX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a dividend of $0.61 per share. The ex-dividend date was Monday, September 15th. This represents a $2.44 dividend on an annualized basis and a yield of 1.4%. GATX’s dividend payout ratio (DPR) is 27.92%.

Insider Buying and Selling

In other GATX news, SVP Kevin Hillesland sold 2,200 shares of the firm’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $152.59, for a total transaction of $335,698.00. Following the transaction, the senior vice president owned 7,606 shares in the company, valued at approximately $1,160,599.54. This trade represents a 22.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert C. Lyons sold 12,635 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $166.33, for a total value of $2,101,579.55. Following the transaction, the chief executive officer owned 50,575 shares in the company, valued at approximately $8,412,139.75. This trade represents a 19.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,914 shares of company stock worth $2,953,509 in the last ninety days. 2.17% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

GATX has been the subject of a number of research reports. Susquehanna set a $190.00 target price on GATX and gave the company a “positive” rating in a research note on Monday, August 18th. Weiss Ratings restated a “buy (b)” rating on shares of GATX in a research note on Wednesday. Finally, Citigroup initiated coverage on GATX in a research note on Monday, September 22nd. They issued a “buy” rating and a $201.00 target price for the company. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.50.

About GATX

GATX Corporation, together its subsidiaries, operates as railcar leasing company in the United States, Canada, Mexico, Europe, and India. It operates through three segments: Rail North America, Rail International, and Portfolio Management. The company leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.