Peregrine Capital Management LLC Sells 3,314 Shares of GATX Corporation $GATX

Peregrine Capital Management LLC lowered its stake in GATX Corporation (NYSE:GATX) by 8.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,286 shares of the transportation company’s stock after selling 3,314 shares during the period. Peregrine Capital Management LLC owned 0.10% of GATX worth $5,854,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. MQS Management LLC bought a new position in shares of GATX in the 1st quarter valued at $319,000. Skylands Capital LLC grew its position in GATX by 9.0% during the 1st quarter. Skylands Capital LLC now owns 3,510 shares of the transportation company’s stock worth $599,000 after acquiring an additional 290 shares during the last quarter. Pictet Asset Management Holding SA grew its position in GATX by 5.8% during the 1st quarter. Pictet Asset Management Holding SA now owns 5,377 shares of the transportation company’s stock worth $918,000 after acquiring an additional 293 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in GATX in the 1st quarter worth about $1,776,000. Finally, Fifth Third Wealth Advisors LLC acquired a new position in GATX in the 1st quarter worth about $233,000. Institutional investors own 93.14% of the company’s stock.

GATX Stock Performance

NYSE GATX opened at $172.21 on Thursday. The company has a market capitalization of $6.11 billion, a price-to-earnings ratio of 18.48 and a beta of 1.17. 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 Corporation has a twelve month low of $148.20 and a twelve month high of $205.56. The stock has a fifty day simple moving average of $179.37 and a 200 day simple moving average of $179.66.

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

GATX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, June 15th. GATX’s payout ratio is currently 28.33%.

Analyst Ratings Changes

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

GATX Profile

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.