GATX Corporation $GATX Shares Sold by Legal & General Group Plc

Legal & General Group Plc reduced its position in GATX Corporation (NYSE:GATX) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,556 shares of the transportation company’s stock after selling 3,742 shares during the quarter. Legal & General Group Plc owned about 0.15% of GATX worth $8,913,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GATX. Northwestern Mutual Wealth Management Co. grew its holdings in shares of GATX by 270,265.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 640,765 shares of the transportation company’s stock worth $108,674,000 after purchasing an additional 640,528 shares during the period. Alliancebernstein L.P. raised its holdings in GATX by 681.7% in the third quarter. Alliancebernstein L.P. now owns 574,333 shares of the transportation company’s stock valued at $100,393,000 after buying an additional 500,857 shares during the period. Squarepoint Ops LLC raised its holdings in GATX by 429.5% in the second quarter. Squarepoint Ops LLC now owns 187,835 shares of the transportation company’s stock valued at $28,844,000 after buying an additional 152,361 shares during the period. Steadfast Capital Management LP acquired a new position in GATX during the third quarter valued at approximately $24,489,000. Finally, Invesco Ltd. lifted its position in GATX by 104.7% during the second quarter. Invesco Ltd. now owns 113,613 shares of the transportation company’s stock valued at $17,446,000 after buying an additional 58,100 shares in the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

Wall Street Analyst Weigh In

GATX has been the subject of several recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a research report on Tuesday, April 21st. Citigroup raised shares of GATX from a “neutral” rating to a “buy” rating and upped their price target for the stock from $210.00 to $211.00 in a research report on Wednesday, April 8th. Susquehanna lowered their price target on GATX from $220.00 to $218.00 and set a “positive” rating for the company in a report on Friday, May 8th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $222.00 price objective on shares of GATX in a research report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $217.00.

GATX Stock Up 3.8%

Shares of NYSE:GATX opened at $173.13 on Friday. The company has a market capitalization of $6.15 billion, a price-to-earnings ratio of 18.58 and a beta of 1.17. The company has a 50 day moving average of $181.77 and a two-hundred day moving average of $177.58. GATX Corporation has a 52-week low of $148.20 and a 52-week high of $205.56. The company has a quick ratio of 3.91, a current ratio of 3.91 and a debt-to-equity ratio of 3.41.

GATX (NYSE:GATX) last posted its earnings results on Thursday, May 7th. The transportation company reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.07. The business had revenue of $583.70 million for the quarter, compared to analysts’ expectations of $599.76 million. GATX had a net margin of 17.88% and a return on equity of 10.31%. The business’s revenue for the quarter was up 38.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.15 earnings per share. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. As a group, analysts forecast that GATX Corporation will post 9.8 earnings per share for the current fiscal year.

GATX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.66 per share. The ex-dividend date is Monday, June 15th. This represents a $2.64 annualized dividend and a dividend yield of 1.5%. GATX’s dividend payout ratio (DPR) is currently 28.33%.

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.