Ensign Peak Advisors Inc Acquires 40,915 Shares of GATX Corporation $GATX

Ensign Peak Advisors Inc boosted its holdings in GATX Corporation (NYSE:GATX) by 11.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 410,550 shares of the transportation company’s stock after purchasing an additional 40,915 shares during the quarter. Ensign Peak Advisors Inc owned about 1.15% of GATX worth $63,044,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC grew its position in GATX by 12.7% during the 1st quarter. CWM LLC now owns 621 shares of the transportation company’s stock valued at $96,000 after purchasing an additional 70 shares during the last quarter. Allianz Asset Management GmbH purchased a new position in GATX in the 1st quarter worth approximately $209,000. Legato Capital Management LLC lifted its position in GATX by 71.0% in the 1st quarter. Legato Capital Management LLC now owns 6,566 shares of the transportation company’s stock valued at $1,020,000 after acquiring an additional 2,727 shares in the last quarter. Brookwood Investment Group LLC purchased a new stake in GATX during the 1st quarter valued at $219,000. Finally, Cetera Investment Advisers increased its holdings in shares of GATX by 46.8% in the 1st quarter. Cetera Investment Advisers now owns 4,965 shares of the transportation company’s stock worth $771,000 after purchasing an additional 1,582 shares in the last quarter. Institutional investors own 93.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on GATX shares. Susquehanna raised their price target on GATX from $190.00 to $192.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a research report on Wednesday, October 8th. Finally, Citigroup started coverage on GATX in a research note on Monday, September 22nd. They set a “buy” rating and a $201.00 price target for the company. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, GATX presently has an average rating of “Moderate Buy” and an average price target of $183.67.

Insiders Place Their Bets

In other news, CEO Robert C. Lyons sold 12,635 shares of the business’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 directly owned 50,575 shares in the company, valued at $8,412,139.75. The trade was a 19.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Geoffrey Phillips sold 2,100 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $168.74, for a total value of $354,354.00. Following the completion of the transaction, the vice president owned 6,740 shares of the company’s stock, valued at $1,137,307.60. The trade was a 23.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.17% of the stock is currently owned by insiders.

GATX Stock Performance

Shares of GATX opened at $153.68 on Friday. The business has a 50-day simple moving average of $165.74 and a two-hundred day simple moving average of $159.21. 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 Corporation has a 52 week low of $139.44 and a 52 week high of $178.26. The stock has a market cap of $5.49 billion, a price-to-earnings ratio of 17.95 and a beta of 1.20.

GATX (NYSE:GATX) last announced 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). GATX had a net margin of 18.35% and a return on equity of 11.62%. The company had revenue of $439.30 million for the quarter, compared to the consensus estimate of $435.21 million. During the same quarter last year, the firm posted $2.43 earnings per share. The company’s revenue was up 8.4% compared to the same quarter last year. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. On average, analysts expect that GATX Corporation will post 8.5 EPS for the current year.

GATX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, December 15th. GATX’s dividend payout ratio (DPR) is presently 28.50%.

GATX Company Profile

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.