Fifth Third Bancorp Increases Holdings in GATX Corporation $GATX

Fifth Third Bancorp lifted its position in GATX Corporation (NYSE:GATX) by 77.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 29,638 shares of the transportation company’s stock after purchasing an additional 12,955 shares during the period. Fifth Third Bancorp’s holdings in GATX were worth $5,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. Granite Investment Partners LLC purchased a new stake in shares of GATX during the 1st quarter valued at about $291,000. Oregon Public Employees Retirement Fund raised its position in GATX by 2.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 7,308 shares of the transportation company’s stock worth $1,248,000 after acquiring an additional 147 shares during the period. Hodges Capital Management Inc. bought a new stake in shares of GATX during the 1st quarter valued at $7,385,000. Abel Hall LLC increased its stake in shares of GATX by 12.2% in the 1st quarter. Abel Hall LLC now owns 1,662 shares of the transportation company’s stock worth $284,000 after purchasing an additional 181 shares in the last quarter. Finally, HB Wealth Management LLC lifted its position in GATX by 9.0% during the first quarter. HB Wealth Management LLC now owns 1,743 shares of the transportation company’s stock valued at $298,000 after purchasing an additional 144 shares in the last quarter. Institutional investors own 93.14% of the company’s stock.

GATX Stock Down 1.6%

NYSE:GATX opened at $178.27 on Friday. GATX Corporation has a twelve month low of $148.20 and a twelve month high of $205.56. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 19.13 and a beta of 1.17. The stock has a fifty day simple moving average of $174.98 and a 200-day simple moving average of $180.01. The company has a current ratio of 3.91, a quick ratio of 3.91 and a debt-to-equity ratio of 3.41.

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

GATX Dividend Announcement

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

Wall Street Analyst Weigh In

GATX has been the topic of several analyst reports. Susquehanna lowered their price target on shares of GATX from $220.00 to $218.00 and set a “positive” rating on the stock in a report on Friday, May 8th. Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a report on Tuesday, April 21st. The Goldman Sachs Group reiterated a “buy” rating and issued a $222.00 price target on shares of GATX in a research note on Thursday, May 7th. Finally, Citigroup increased their target price on GATX from $211.00 to $214.00 and gave the company a “buy” rating in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, GATX currently has an average rating of “Buy” and a consensus target price of $218.00.

GATX Company 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.