Oppenheimer Asset Management Inc. Acquires New Stake in GATX Corporation $GATX

Oppenheimer Asset Management Inc. bought a new position in GATX Corporation (NYSE:GATX) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 35,053 shares of the transportation company’s stock, valued at approximately $6,211,000. Oppenheimer Asset Management Inc. owned 0.10% of GATX at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC lifted its holdings 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 purchasing an additional 113 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of GATX during the fourth quarter worth about $27,000. Los Angeles Capital Management LLC bought a new position in shares of GATX during the fourth quarter worth about $27,000. Rothschild Investment LLC raised its position in GATX by 127.6% in the 4th quarter. Rothschild Investment LLC now owns 173 shares of the transportation company’s stock valued at $29,000 after buying an additional 97 shares during the last quarter. Finally, Assetmark Inc. raised its position in GATX by 50.8% in the 1st quarter. Assetmark Inc. now owns 196 shares of the transportation company’s stock valued at $33,000 after buying an additional 66 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Price Performance

Shares of NYSE GATX opened at $180.40 on Friday. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 17.86 and a beta of 1.17. The business has a 50-day moving average of $178.12 and a 200-day moving average of $180.58. The company has a debt-to-equity ratio of 3.44, a current ratio of 3.90 and a quick ratio of 3.90. GATX Corporation has a fifty-two week low of $150.42 and a fifty-two week high of $205.56.

GATX (NYSE:GATX) last released its earnings results on Thursday, July 30th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.38. GATX had a return on equity of 10.43% and a net margin of 17.94%.The business had revenue of $580.10 million for the quarter, compared to the consensus estimate of $598.77 million. During the same quarter in the previous year, the business earned $2.06 earnings per share. GATX’s quarterly revenue was up 34.8% on a year-over-year basis. GATX has set its FY 2026 guidance at 9.900-10.30 EPS. As a group, sell-side analysts predict that GATX Corporation will post 10.1 earnings per share for the current fiscal year.

GATX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.66 per share. The ex-dividend date is Tuesday, September 15th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.5%. GATX’s dividend payout ratio is currently 26.14%.

Insider Activity

In other news, CFO Thomas A. Ellman sold 18,200 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $180.08, for a total value of $3,277,456.00. Following the completion of the sale, the chief financial officer owned 34,361 shares of the company’s stock, valued at approximately $6,187,728.88. This represents a 34.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.86% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on GATX shares. Susquehanna boosted their target price on GATX from $218.00 to $220.00 and gave the company a “positive” rating in a research note on Friday, July 31st. Weiss Ratings cut shares of GATX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday. Citigroup lifted their price objective on shares of GATX from $214.00 to $215.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $222.00 price objective on shares of GATX in a research report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $219.00.

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.