GATX Corporation $GATX Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in GATX Corporation (NYSE:GATX) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 879,139 shares of the transportation company’s stock after purchasing an additional 6,612 shares during the quarter. Geode Capital Management LLC owned 2.47% of GATX worth $135,017,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in GATX. Hantz Financial Services Inc. grew its position in GATX by 434.3% in the second quarter. Hantz Financial Services Inc. now owns 187 shares of the transportation company’s stock worth $29,000 after buying an additional 152 shares during the last quarter. TCTC Holdings LLC grew its holdings in shares of GATX by 117.0% in the 1st quarter. TCTC Holdings LLC now owns 243 shares of the transportation company’s stock worth $38,000 after acquiring an additional 131 shares during the last quarter. Bayforest Capital Ltd raised its position in shares of GATX by 219.0% during the second quarter. Bayforest Capital Ltd now owns 370 shares of the transportation company’s stock worth $57,000 after purchasing an additional 254 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of GATX during the second quarter valued at $65,000. Finally, CWM LLC boosted its position in shares of GATX by 12.7% in 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 period. 93.14% of the stock is currently owned by institutional investors.

Insider Transactions at GATX

In other news, VP Geoffrey Phillips sold 2,100 shares of the firm’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $168.74, for a total transaction of $354,354.00. Following the completion of the sale, the vice president directly owned 6,740 shares of the company’s stock, valued at $1,137,307.60. This trade represents a 23.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert C. Lyons sold 12,635 shares of GATX stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $166.33, for a total value of $2,101,579.55. Following the sale, the chief executive officer owned 50,575 shares of the company’s stock, valued at approximately $8,412,139.75. This represents a 19.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 15,714 shares of company stock valued at $2,617,811. 2.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on GATX. Citigroup assumed coverage on GATX in a report on Monday, September 22nd. They set a “buy” rating and a $201.00 price objective on the stock. Susquehanna boosted their price target on shares of GATX from $190.00 to $192.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of GATX in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $183.67.

GATX Trading Down 0.1%

NYSE:GATX opened at $152.61 on Thursday. The stock has a market cap of $5.45 billion, a PE ratio of 17.83 and a beta of 1.20. GATX Corporation has a fifty-two week low of $139.44 and a fifty-two week high of $178.26. The company has a debt-to-equity ratio of 3.26, a current ratio of 3.81 and a quick ratio of 2.93. The stock’s 50-day moving average is $166.10 and its two-hundred day moving average is $159.25.

GATX (NYSE:GATX) last posted its quarterly earnings results on Tuesday, October 21st. The transportation company reported $2.10 EPS for the quarter, missing the consensus estimate of $2.32 by ($0.22). The company had revenue of $439.30 million for the quarter, compared to analyst estimates of $435.21 million. GATX had a return on equity of 11.62% and a net margin of 18.35%.The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.43 earnings per share. 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 fiscal year.

GATX Announces Dividend

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

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.