Rice Hall James & Associates LLC Acquires New Stake in GATX Corporation $GATX

Rice Hall James & Associates LLC bought a new position in shares of GATX Corporation (NYSE:GATX) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 22,720 shares of the transportation company’s stock, valued at approximately $4,026,000. Rice Hall James & Associates LLC owned about 0.06% of GATX as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Larson Financial Group LLC grew its position in shares of GATX by 364.5% in the 3rd quarter. Larson Financial Group LLC now owns 144 shares of the transportation company’s stock valued at $25,000 after buying an additional 113 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of GATX during the fourth quarter worth about $27,000. Los Angeles Capital Management LLC acquired a new position in shares of GATX in the fourth quarter worth approximately $27,000. Rothschild Investment LLC lifted its stake in shares of GATX by 127.6% in the fourth quarter. Rothschild Investment LLC now owns 173 shares of the transportation company’s stock worth $29,000 after acquiring an additional 97 shares during the period. Finally, Assetmark Inc. boosted its holdings in GATX by 50.8% in the first quarter. Assetmark Inc. now owns 196 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 66 shares during the last quarter. 93.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GATX has been the subject of a number of recent analyst reports. Weiss Ratings downgraded shares of GATX from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, August 12th. Citigroup boosted their price target on shares of GATX from $214.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Susquehanna upped their price objective on shares of GATX from $218.00 to $220.00 and gave the company a “positive” rating in a research note on Friday, July 31st. Finally, 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. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $219.00.

Insiders Place Their Bets

In related news, CFO Thomas A. Ellman sold 18,200 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $6,187,728.88. This represents a 34.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.86% of the company’s stock.

GATX Trading Down 0.2%

NYSE:GATX opened at $180.31 on Tuesday. 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 stock has a market capitalization of $6.36 billion, a price-to-earnings ratio of 17.85 and a beta of 1.17. The firm has a fifty day simple moving average of $178.27 and a two-hundred day simple moving average of $180.53. GATX Corporation has a 12 month low of $150.42 and a 12 month high of $205.56.

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

GATX Dividend Announcement

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

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.