GATX Corporation $GATX Shares Acquired by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. boosted its holdings in GATX Corporation (NYSE:GATX) by 4.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 455,010 shares of the transportation company’s stock after acquiring an additional 20,595 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in GATX were worth $79,536,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Greenleaf Trust purchased a new position in GATX in the third quarter valued at about $217,000. Fifth Third Wealth Advisors LLC purchased a new position in shares of GATX in the third quarter valued at $206,000. Fulton Bank N.A. purchased a new position in GATX in the third quarter valued at about $205,000. Mather Group LLC. acquired a new stake in GATX during the 3rd quarter valued at approximately $72,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in GATX by 11.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 44,808 shares of the transportation company’s stock worth $7,821,000 after purchasing an additional 4,630 shares during the last quarter. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other GATX news, SVP Aken Jennifer Van sold 1,800 shares of GATX stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $164.15, for a total transaction of $295,470.00. Following the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.17% of the stock is currently owned by corporate insiders.

GATX Stock Up 1.4%

GATX stock opened at $175.00 on Wednesday. The firm has a market capitalization of $6.25 billion, a P/E ratio of 20.44 and a beta of 1.16. The company has a 50-day simple moving average of $163.43 and a 200-day simple moving average of $163.25. GATX Corporation has a one year low of $139.44 and a one year high of $178.26. 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 (NYSE:GATX) last posted its earnings results on Tuesday, October 21st. The transportation company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.22). GATX had a net margin of 18.35% and a return on equity of 11.62%. The firm had revenue of $439.30 million for the quarter, compared to analyst estimates of $435.21 million. During the same period in the previous year, the firm earned $2.43 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. As a group, equities analysts expect that GATX Corporation will post 8.5 earnings per share for the current year.

GATX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued 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, December 15th. GATX’s dividend payout ratio is 28.50%.

Analyst Ratings Changes

GATX has been the subject of a number of recent analyst reports. Citigroup raised their price target on shares of GATX from $192.00 to $198.00 and gave the stock a “buy” rating in a research report on Tuesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GATX in a report on Wednesday, October 8th. Finally, Susquehanna raised their target price on shares of GATX from $190.00 to $192.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $195.00.

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.