BNP PARIBAS ASSET MANAGEMENT Holding S.A. Buys New Shares in GATX Corporation $GATX

BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in GATX Corporation (NYSE:GATX) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 421 shares of the transportation company’s stock, valued at approximately $65,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. increased its position in GATX by 0.9% during the first quarter. Principal Financial Group Inc. now owns 82,389 shares of the transportation company’s stock worth $12,793,000 after buying an additional 767 shares during the last quarter. Teacher Retirement System of Texas increased its position in GATX by 29.4% during the first quarter. Teacher Retirement System of Texas now owns 8,796 shares of the transportation company’s stock worth $1,366,000 after buying an additional 1,997 shares during the last quarter. HB Wealth Management LLC acquired a new position in GATX during the second quarter worth approximately $222,000. XTX Topco Ltd increased its position in GATX by 108.2% during the first quarter. XTX Topco Ltd now owns 5,601 shares of the transportation company’s stock worth $870,000 after buying an additional 2,911 shares during the last quarter. Finally, Level Four Advisory Services LLC increased its position in GATX by 34.6% during the first quarter. Level Four Advisory Services LLC now owns 34,688 shares of the transportation company’s stock worth $5,386,000 after buying an additional 8,925 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Trading Up 0.4%

Shares of NYSE:GATX opened at $152.66 on Thursday. GATX Corporation has a 12-month low of $139.44 and a 12-month high of $178.26. The stock has a market cap of $5.45 billion, a PE ratio of 17.83 and a beta of 1.20. The business has a 50 day moving average of $168.75 and a 200-day moving average of $158.58. The company has a quick ratio of 2.93, a current ratio of 3.81 and a debt-to-equity ratio of 3.26.

GATX (NYSE:GATX) last issued its quarterly earnings data on Tuesday, October 21st. The transportation company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.22). The firm had revenue of $439.30 million for the quarter, compared to the consensus estimate of $435.21 million. GATX had a return on equity of 11.62% and a net margin of 18.35%.The company’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.43 EPS. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. As a group, equities research analysts forecast that GATX Corporation will post 8.5 earnings per share for the current year.

GATX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, December 15th. GATX’s payout ratio is 28.50%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on GATX shares. Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a research report on Wednesday, October 8th. Citigroup started coverage on GATX in a report on Monday, September 22nd. They set a “buy” rating and a $201.00 price objective for the company. Finally, Susquehanna boosted their price objective on GATX from $190.00 to $192.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $184.00.

Insider Activity at GATX

In related news, Director Anne L. Arvia sold 979 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $165.35, for a total value of $161,877.65. Following the completion of the sale, the director directly owned 33,077 shares in the company, valued at approximately $5,469,281.95. The trade was a 2.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Geoffrey Phillips sold 2,100 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $168.74, for a total value of $354,354.00. Following the completion of the sale, the vice president owned 6,740 shares of the company’s stock, valued at approximately $1,137,307.60. This trade represents a 23.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 15,714 shares of company stock worth $2,617,811. Company insiders own 2.17% of the company’s stock.

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.