Rehmann Capital Advisory Group Grows Stock Position in GATX Corporation $GATX

Rehmann Capital Advisory Group lifted its stake in GATX Corporation (NYSE:GATX) by 14.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,002 shares of the transportation company’s stock after buying an additional 249 shares during the period. Rehmann Capital Advisory Group’s holdings in GATX were worth $307,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. TCTC Holdings LLC increased its holdings in GATX by 117.0% during the 1st quarter. TCTC Holdings LLC now owns 243 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 131 shares during the period. Bayforest Capital Ltd grew its holdings in shares of GATX by 219.0% during the 2nd quarter. Bayforest Capital Ltd now owns 370 shares of the transportation company’s stock worth $57,000 after acquiring an additional 254 shares during the period. CWM LLC grew its holdings in shares of GATX by 12.7% during the 1st quarter. CWM LLC now owns 621 shares of the transportation company’s stock worth $96,000 after acquiring an additional 70 shares during the period. Brooklyn Investment Group purchased a new position in shares of GATX during the 1st quarter worth approximately $100,000. Finally, Hilltop National Bank purchased a new position in shares of GATX during the 2nd quarter worth approximately $153,000. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of GATX in a report on Wednesday, October 8th. Susquehanna boosted their price target on GATX from $190.00 to $192.00 and gave the stock a “positive” rating in a research report on Wednesday. Finally, Citigroup began coverage on GATX in a research report on Monday, September 22nd. They issued a “buy” rating and a $201.00 price target on the stock. 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 data from MarketBeat.com, GATX presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.00.

Insiders Place Their Bets

In other GATX news, Director Anne L. Arvia sold 979 shares of GATX stock in a transaction 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 owned 33,077 shares of the company’s stock, valued at approximately $5,469,281.95. This trade represents a 2.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kevin Hillesland sold 2,200 shares of GATX stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $152.59, for a total value of $335,698.00. Following the completion of the sale, the senior vice president directly owned 7,606 shares of the company’s stock, valued at approximately $1,160,599.54. The trade was a 22.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,914 shares of company stock worth $2,953,509 in the last 90 days. 2.17% of the stock is currently owned by company insiders.

GATX Stock Performance

Shares of GATX opened at $161.20 on Friday. The company has a quick ratio of 2.93, a current ratio of 3.81 and a debt-to-equity ratio of 3.26. The business’s 50 day moving average price is $169.71 and its 200-day moving average price is $157.91. GATX Corporation has a 52 week low of $137.05 and a 52 week high of $178.26. The stock has a market cap of $5.74 billion, a P/E ratio of 18.83 and a beta of 1.18.

GATX (NYSE:GATX) last released its quarterly earnings data on Tuesday, October 21st. The transportation company reported $2.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.32 by ($0.22). The business had revenue of $439.30 million during the quarter, compared to the consensus estimate of $435.21 million. GATX had a net margin of 18.35% and a return on equity of 11.62%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company posted $2.43 earnings per share. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. Equities research analysts anticipate that GATX Corporation will post 8.5 earnings per share for the current fiscal year.

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.