Retirement Systems of Alabama Increases Stake in GATX Corporation $GATX

Retirement Systems of Alabama grew its stake in shares of GATX Corporation (NYSE:GATX) by 112.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,627 shares of the transportation company’s stock after buying an additional 48,585 shares during the period. Retirement Systems of Alabama’s holdings in GATX were worth $15,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. American Century Companies Inc. boosted its holdings in shares of GATX by 5.1% during the 3rd quarter. American Century Companies Inc. now owns 1,137,000 shares of the transportation company’s stock valued at $198,748,000 after purchasing an additional 55,609 shares during the last quarter. Natixis Advisors LLC increased its stake in GATX by 17.9% in the 3rd quarter. Natixis Advisors LLC now owns 282,549 shares of the transportation company’s stock worth $49,389,000 after acquiring an additional 42,942 shares during the last quarter. JPMorgan Chase & Co. increased its position in GATX by 13.3% in the third quarter. JPMorgan Chase & Co. now owns 205,898 shares of the transportation company’s stock worth $35,991,000 after purchasing an additional 24,239 shares during the last quarter. Charter Capital Management LLC DE bought a new stake in shares of GATX in the 3rd quarter worth about $515,000. Finally, Edgestream Partners L.P. bought a new stake in GATX during the second quarter worth approximately $2,244,000. Hedge funds and other institutional investors own 93.14% of the company’s stock.

GATX Price Performance

Shares of GATX stock opened at $173.66 on Friday. The company has a market capitalization of $6.17 billion, a P/E ratio of 19.04 and a beta of 1.22. The company’s 50-day simple moving average is $180.59 and its two-hundred day simple moving average is $172.38. GATX Corporation has a one year low of $139.44 and a one year high of $199.00. 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 announced its quarterly earnings results on Thursday, February 19th. The transportation company reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.02. GATX had a return on equity of 11.05% and a net margin of 19.15%.The firm had revenue of $449.00 million during the quarter, compared to analyst estimates of $443.67 million. During the same quarter in the previous year, the business earned $1.93 earnings per share. GATX’s quarterly revenue was up 8.6% on a year-over-year basis. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. As a group, equities analysts anticipate that GATX Corporation will post 8.5 EPS for the current year.

GATX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 2nd were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from GATX’s previous quarterly dividend of $0.61. GATX’s dividend payout ratio is currently 28.95%.

Insider Activity

In other GATX news, VP Robert Zmudka sold 5,200 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $192.61, for a total transaction of $1,001,572.00. Following the transaction, the vice president directly owned 7,493 shares in the company, valued at $1,443,226.73. This represents a 40.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeffery R. Young sold 2,595 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $196.29, for a total transaction of $509,372.55. Following the transaction, the senior vice president directly owned 7,700 shares in the company, valued at $1,511,433. This trade represents a 25.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 9,795 shares of company stock worth $1,907,525. Company insiders own 1.86% of the company’s stock.

Analyst Ratings Changes

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

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.