Hilltop National Bank Buys New Shares in GATX Corporation $GATX

Hilltop National Bank purchased a new position in shares of GATX Corporation (NYSE:GATX) in the 2nd quarter, Holdings Channel reports. The firm purchased 999 shares of the transportation company’s stock, valued at approximately $153,000.

A number of other hedge funds also recently made changes to their positions in GATX. Vaughan Nelson Investment Management L.P. increased its holdings in shares of GATX by 7.4% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 284,465 shares of the transportation company’s stock worth $44,168,000 after buying an additional 19,580 shares during the last quarter. Natixis Advisors LLC grew its position in GATX by 10.2% during the first quarter. Natixis Advisors LLC now owns 198,255 shares of the transportation company’s stock valued at $30,784,000 after acquiring an additional 18,363 shares during the period. New York State Common Retirement Fund increased its stake in GATX by 1.6% during the first quarter. New York State Common Retirement Fund now owns 186,676 shares of the transportation company’s stock worth $28,985,000 after acquiring an additional 2,954 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in GATX by 1.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 116,834 shares of the transportation company’s stock worth $18,141,000 after acquiring an additional 1,968 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of GATX in the 1st quarter worth about $15,395,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

Insiders Place Their Bets

In related news, Director Anne L. Arvia sold 979 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $165.35, for a total value of $161,877.65. Following the completion of the transaction, the director owned 33,077 shares of the company’s stock, valued at approximately $5,469,281.95. This represents a 2.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Kevin Hillesland sold 2,200 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $152.59, for a total value of $335,698.00. Following the sale, the senior vice president owned 7,606 shares of the company’s stock, valued at approximately $1,160,599.54. This trade represents a 22.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,914 shares of company stock valued at $2,953,509 over the last ninety days. Insiders own 2.17% of the company’s stock.

GATX Stock Up 0.5%

NYSE GATX opened at $175.95 on Friday. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 3.27. GATX Corporation has a fifty-two week low of $127.93 and a fifty-two week high of $178.26. The business has a 50 day moving average price of $164.67 and a two-hundred day moving average price of $156.18. The stock has a market cap of $6.26 billion, a PE ratio of 20.13 and a beta of 1.18.

GATX (NYSE:GATX) last posted its quarterly earnings data on Tuesday, July 29th. The transportation company reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.11. The company had revenue of $430.50 million for the quarter, compared to analyst estimates of $425.52 million. GATX had a net margin of 19.13% and a return on equity of 12.52%. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. As a group, sell-side analysts predict that GATX Corporation will post 8.5 EPS for the current fiscal year.

GATX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, September 15th. GATX’s dividend payout ratio is presently 27.92%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of GATX in a report on Saturday, September 27th. Susquehanna set a $190.00 price target on shares of GATX and gave the company a “positive” rating in a research report on Monday, August 18th. Finally, Citigroup assumed coverage on shares of GATX in a research note on Monday, September 22nd. They issued a “buy” rating and a $201.00 target price on the stock. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $183.50.

About GATX

GATX Corporation, together its subsidiaries, operates as railcar leasing company in the United States, Canada, Mexico, Europe, and India. It operates through three segments: Rail North America, Rail International, and Portfolio Management. The company leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.