Vaughan Nelson Investment Management L.P. Purchases 30,600 Shares of GATX Corporation $GATX

Vaughan Nelson Investment Management L.P. boosted its position in GATX Corporation (NYSE:GATX) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 485,610 shares of the transportation company’s stock after buying an additional 30,600 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 1.36% of GATX worth $82,359,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Alliancebernstein L.P. boosted its stake in GATX by 681.7% during the third quarter. Alliancebernstein L.P. now owns 574,333 shares of the transportation company’s stock worth $100,393,000 after acquiring an additional 500,857 shares in the last quarter. Norges Bank bought a new stake in GATX in the second quarter valued at $58,621,000. Squarepoint Ops LLC increased its stake in GATX by 429.5% in the second quarter. Squarepoint Ops LLC now owns 187,835 shares of the transportation company’s stock valued at $28,844,000 after purchasing an additional 152,361 shares in the last quarter. Encompass Capital Advisors LLC acquired a new position in shares of GATX during the second quarter valued at about $23,025,000. Finally, Steadfast Capital Management LP bought a new position in shares of GATX during the 3rd quarter worth about $24,489,000. 93.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GATX has been the topic of a number of recent research reports. Citigroup cut GATX from a “buy” rating to a “neutral” rating and increased their target price for the stock from $197.00 to $210.00 in a report on Tuesday, February 24th. Weiss Ratings restated a “buy (b)” rating on shares of GATX in a report on Thursday, January 22nd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $204.00 price objective on shares of GATX in a research note on Wednesday, January 14th. Finally, Susquehanna boosted their target price on shares of GATX from $212.00 to $220.00 and gave the stock a “positive” rating in a research report on Friday, February 20th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $211.33.

GATX Stock Down 0.2%

Shares of NYSE:GATX opened at $167.28 on Tuesday. GATX Corporation has a 1 year low of $139.44 and a 1 year high of $199.00. The company has a market capitalization of $5.94 billion, a PE ratio of 18.34 and a beta of 1.19. The business has a fifty day moving average price of $181.24 and a two-hundred day moving average price of $172.37. The company has a debt-to-equity ratio of 3.45, a current ratio of 16.31 and a quick ratio of 16.31.

GATX (NYSE:GATX) last posted its quarterly earnings data on Thursday, February 19th. The transportation company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.42 by $0.02. The business had revenue of $449.00 million for the quarter, compared to the consensus estimate of $443.67 million. GATX had a return on equity of 11.05% and a net margin of 19.15%.GATX’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.93 earnings per share. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. Analysts forecast that GATX Corporation will post 8.5 earnings per share for the current year.

GATX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 2nd will be issued a dividend of $0.66 per share. This is a boost from GATX’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $2.64 dividend on an annualized basis and a yield of 1.6%. GATX’s payout ratio is currently 28.95%.

Insiders Place Their Bets

In other news, SVP Jeffery R. Young sold 2,595 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $196.29, for a total value of $509,372.55. Following the transaction, the senior vice president owned 7,700 shares of the company’s stock, valued at approximately $1,511,433. This represents a 25.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Brian L. Glassberg sold 2,000 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $198.29, for a total value of $396,580.00. Following the completion of the sale, the executive vice president directly owned 7,041 shares in the company, valued at approximately $1,396,159.89. The trade was a 22.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,795 shares of company stock worth $1,907,525 in the last three months. 1.86% of the stock is currently owned by corporate insiders.

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.