Jupiter Topco LLC Buys Shares of 143,133 GATX Corporation $GATX

Jupiter Topco LLC purchased a new stake in shares of GATX Corporation (NYSE:GATX) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 143,133 shares of the transportation company’s stock, valued at approximately $25,363,000. Jupiter Topco LLC owned about 0.41% of GATX as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of GATX during the second quarter valued at approximately $823,055,000. Northwestern Mutual Wealth Management Co. boosted its holdings in GATX by 270,265.0% in the fourth 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 last quarter. Norges Bank purchased a new stake in GATX in the fourth quarter worth approximately $86,241,000. Alliancebernstein L.P. boosted 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 worth $100,393,000 after purchasing an additional 500,857 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in GATX in the 2nd quarter worth approximately $51,178,000. 93.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, CFO Thomas A. Ellman sold 18,200 shares of GATX 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 transaction, the chief financial officer directly owned 34,361 shares in the company, valued at approximately $6,187,728.88. The trade was a 34.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Eren Doygun sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $179.52, for a total value of $179,520.00. Following the sale, the senior vice president directly owned 5,323 shares of the company’s stock, valued at $955,584.96. This represents a 15.82% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.86% of the stock is currently owned by company insiders.

GATX Stock Performance

Shares of NYSE GATX opened at $177.55 on Friday. The firm has a 50 day moving average of $178.78 and a 200 day moving average of $180.15. The company has a current ratio of 3.90, a quick ratio of 3.90 and a debt-to-equity ratio of 3.44. The firm has a market capitalization of $6.27 billion, a price-to-earnings ratio of 17.58 and a beta of 1.17. GATX Corporation has a 12-month low of $150.42 and a 12-month high of $205.56.

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

GATX Dividend Announcement

The business also recently disclosed 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. This represents a $2.64 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 15th. GATX’s dividend payout ratio is 26.14%.

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.