Encompass Capital Advisors LLC Purchases New Stake in GATX Corporation $GATX

Encompass Capital Advisors LLC acquired a new position in GATX Corporation (NYSE:GATX) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 149,944 shares of the transportation company’s stock, valued at approximately $23,025,000. Encompass Capital Advisors LLC owned approximately 0.42% of GATX at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hantz Financial Services Inc. lifted its position in shares of GATX by 434.3% in the second quarter. Hantz Financial Services Inc. now owns 187 shares of the transportation company’s stock worth $29,000 after purchasing an additional 152 shares in the last quarter. Bayforest Capital Ltd lifted its position in GATX by 219.0% in the 2nd quarter. Bayforest Capital Ltd now owns 370 shares of the transportation company’s stock worth $57,000 after buying an additional 254 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in GATX in the 2nd quarter worth approximately $65,000. Brooklyn Investment Group purchased a new stake in GATX in the 1st quarter worth approximately $100,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of GATX by 318.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 690 shares of the transportation company’s stock valued at $106,000 after buying an additional 525 shares during the period. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GATX shares. Citigroup increased their price objective on GATX from $191.00 to $192.00 and gave the stock a “buy” rating in a report on Monday, November 24th. Susquehanna raised their price target on GATX from $190.00 to $192.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $192.00.

Insider Buying and Selling

In other GATX news, SVP Aken Jennifer Van sold 1,800 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $164.15, for a total transaction of $295,470.00. Following the completion of the transaction, the senior vice president owned 5,912 shares of the company’s stock, valued at $970,454.80. The trade was a 23.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.17% of the stock is owned by company insiders.

GATX Stock Performance

Shares of NYSE GATX opened at $168.27 on Friday. The business’s 50-day simple moving average is $162.38 and its 200-day simple moving average is $160.96. The company has a debt-to-equity ratio of 3.26, a quick ratio of 3.81 and a current ratio of 3.81. GATX Corporation has a 52 week low of $139.44 and a 52 week high of $178.26. The firm has a market cap of $6.01 billion, a price-to-earnings ratio of 19.66 and a beta of 1.17.

GATX (NYSE:GATX) last posted its earnings results on Tuesday, October 21st. The transportation company reported $2.10 earnings per share for the quarter, missing the consensus estimate of $2.32 by ($0.22). GATX had a return on equity of 11.62% and a net margin of 18.35%.The company had revenue of $439.30 million during the quarter, compared to analyst estimates of $435.21 million. During the same quarter last year, the firm posted $2.43 earnings per share. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. As a group, equities research analysts expect that GATX Corporation will post 8.5 earnings per share for the current fiscal year.

GATX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a $0.61 dividend. The ex-dividend date is Monday, December 15th. This represents a $2.44 dividend on an annualized basis and a yield of 1.5%. GATX’s dividend payout ratio (DPR) is presently 28.50%.

GATX Profile

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.