GATX Corporation $GATX Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its position in GATX Corporation (NYSE:GATX) by 270,265.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 640,765 shares of the transportation company’s stock after acquiring an additional 640,528 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in GATX were worth $108,674,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GATX. Larson Financial Group LLC grew its stake in shares of GATX by 364.5% in the third 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 in the last quarter. Ameriflex Group Inc. acquired a new stake in shares of GATX in the third quarter valued at $27,000. Community Bank N.A. acquired a new stake in shares of GATX in the third quarter valued at $27,000. Elevation Wealth Partners LLC acquired a new stake in shares of GATX in the fourth quarter valued at $32,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of GATX in the fourth quarter valued at $33,000. 93.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GATX has been the topic of several recent research reports. The Goldman Sachs Group restated a “buy” rating and set a $222.00 price target on shares of GATX in a report on Thursday, May 7th. Susquehanna cut their price target on GATX from $220.00 to $218.00 and set a “positive” rating on the stock in a report on Friday, May 8th. Citigroup upgraded GATX from a “neutral” rating to a “buy” rating and upped their price target for the stock from $210.00 to $211.00 in a report on Wednesday, April 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of GATX in a report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $217.00.

Insider Transactions at GATX

In other news, EVP Brian L. Glassberg sold 2,000 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $198.29, for a total transaction of $396,580.00. Following the completion of the transaction, the executive vice president directly owned 7,041 shares of the company’s stock, valued at approximately $1,396,159.89. This represents a 22.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Robert Zmudka sold 5,200 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $192.61, for a total value of $1,001,572.00. Following the transaction, the vice president directly owned 7,493 shares of the company’s stock, valued at approximately $1,443,226.73. This represents a 40.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 9,795 shares of company stock valued at $1,907,525. 1.86% of the stock is currently owned by corporate insiders.

GATX Price Performance

Shares of NYSE GATX opened at $172.60 on Friday. The stock’s 50-day moving average is $182.07 and its two-hundred day moving average is $176.08. The company has a debt-to-equity ratio of 3.41, a current ratio of 3.91 and a quick ratio of 3.91. GATX Corporation has a 1-year low of $143.46 and a 1-year high of $205.56. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 18.52 and a beta of 1.24.

GATX (NYSE:GATX) last issued its quarterly earnings results on Thursday, May 7th. The transportation company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.07. GATX had a return on equity of 10.31% and a net margin of 17.88%.The company had revenue of $583.70 million for the quarter, compared to the consensus estimate of $599.76 million. During the same quarter in the prior year, the business earned $2.15 EPS. GATX’s revenue was up 38.4% on a year-over-year basis. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. Analysts forecast that GATX Corporation will post 9.8 EPS for the current fiscal year.

GATX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, June 15th. GATX’s dividend payout ratio is currently 28.33%.

GATX Company 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.