Paradigm Capital Management Inc. NY Buys New Stake in GATX Corporation $GATX

Paradigm Capital Management Inc. NY bought a new stake in GATX Corporation (NYSE:GATX) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,550 shares of the transportation company’s stock, valued at approximately $1,161,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of GATX by 0.7% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 7,988 shares of the transportation company’s stock valued at $1,355,000 after purchasing an additional 53 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of GATX by 0.8% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 6,310 shares of the transportation company’s stock worth $1,070,000 after acquiring an additional 53 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of GATX by 8.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 702 shares of the transportation company’s stock valued at $119,000 after acquiring an additional 55 shares in the last quarter. Assetmark Inc. raised its position in shares of 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 purchasing an additional 66 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its stake in GATX by 26.5% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 315 shares of the transportation company’s stock worth $55,000 after purchasing an additional 66 shares in the last quarter. 93.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

GATX Price Performance

Shares of NYSE GATX opened at $178.49 on Tuesday. The company has a quick ratio of 3.90, a current ratio of 3.90 and a debt-to-equity ratio of 3.44. The firm has a 50-day simple moving average of $178.61 and a 200-day simple moving average of $180.36. GATX Corporation has a 52 week low of $150.42 and a 52 week high of $205.56. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 17.67 and a beta of 1.17.

GATX (NYSE:GATX) last issued its earnings results on Thursday, July 30th. The transportation company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.38. The business had revenue of $580.10 million for the quarter, compared to analysts’ expectations of $598.77 million. GATX had a return on equity of 10.43% and a net margin of 17.94%.The business’s revenue for the quarter was up 34.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.06 EPS. GATX has set its FY 2026 guidance at 9.900-10.30 EPS. On average, equities analysts predict that GATX Corporation will post 10.1 earnings per share for the current fiscal year.

GATX Announces Dividend

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

Insiders Place Their Bets

In other GATX news, CFO Thomas A. Ellman sold 18,200 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $180.08, for a total transaction of $3,277,456.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.