Rice Hall James & Associates LLC Purchases Shares of 22,720 GATX Corporation $GATX

Rice Hall James & Associates LLC acquired a new position in shares of GATX Corporation (NYSE:GATX) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 22,720 shares of the transportation company’s stock, valued at approximately $4,026,000.

A number of other large investors have also recently made changes to their positions in GATX. Larson Financial Group LLC grew its holdings in shares of GATX by 364.5% during the third quarter. Larson Financial Group LLC now owns 144 shares of the transportation company’s stock valued at $25,000 after buying an additional 113 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of GATX in the 4th quarter worth about $27,000. Los Angeles Capital Management LLC acquired a new stake in shares of GATX in the 4th quarter worth about $27,000. Rothschild Investment LLC lifted its position in GATX by 127.6% in the 4th quarter. Rothschild Investment LLC now owns 173 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 97 shares in the last quarter. Finally, Assetmark Inc. lifted its position in GATX by 50.8% in the 1st quarter. Assetmark Inc. now owns 196 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 66 shares in the last quarter. 93.14% of the stock is owned by institutional investors.

GATX Stock Performance

NYSE GATX opened at $180.31 on Tuesday. The company has a fifty day moving average price of $178.27 and a 200-day moving average price of $180.53. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 17.85 and a beta of 1.17. The company has a debt-to-equity ratio of 3.44, a current ratio of 3.90 and a quick ratio of 3.90. GATX Corporation has a 1 year low of $150.42 and a 1 year high of $205.56.

GATX (NYSE:GATX) last released its quarterly earnings results on Thursday, July 30th. The transportation company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.38. GATX had a net margin of 17.94% and a return on equity of 10.43%. The company had revenue of $580.10 million for the quarter, compared to analyst estimates of $598.77 million. During the same period last year, the firm earned $2.06 earnings per share. The firm’s revenue was up 34.8% on a year-over-year basis. GATX has set its FY 2026 guidance at 9.900-10.30 EPS. As a group, equities research analysts predict that GATX Corporation will post 10.1 EPS for the current fiscal year.

GATX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.66 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.64 annualized dividend and a yield of 1.5%. GATX’s dividend payout ratio (DPR) is 26.14%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. The Goldman Sachs Group reiterated a “buy” rating and set a $222.00 price target on shares of GATX in a research note on Thursday, May 7th. Citigroup increased their price objective on GATX from $214.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Weiss Ratings lowered GATX from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 12th. Finally, Susquehanna lifted their target price on GATX from $218.00 to $220.00 and gave the company a “positive” rating in a research report on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $219.00.

Insider Buying and Selling

In other GATX news, CFO Thomas A. Ellman sold 18,200 shares of GATX stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $180.08, for a total transaction of $3,277,456.00. Following the transaction, the chief financial officer owned 34,361 shares of the company’s stock, valued at $6,187,728.88. This trade represents a 34.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.86% of the company’s stock.

About GATX

GATX Corporation (NYSE: GATX) is a global railcar leasing and asset management company headquartered in Chicago, Illinois. Founded in 1898 as General American Transportation Corporation, GATX has grown into one of the world’s leading lessors of railcars, marine vessels and industrial assets. The company’s core business focuses on leasing and managing high-value equipment for customers in the energy, industrial, chemical, agricultural and metals markets.

In its Rail North America segment, GATX owns and manages a diverse fleet of more than 60,000 railcars, including tank cars, covered hoppers, boxcars and flatcars.