GATX Corporation $GATX Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lowered its holdings in shares of GATX Corporation (NYSE:GATX) by 29.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,171 shares of the transportation company’s stock after selling 5,056 shares during the period. Intech Investment Management LLC’s holdings in GATX were worth $2,127,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Norges Bank purchased a new position in shares of GATX during the 2nd quarter worth approximately $58,621,000. Squarepoint Ops LLC increased its position in GATX by 429.5% during the second quarter. Squarepoint Ops LLC now owns 187,835 shares of the transportation company’s stock worth $28,844,000 after buying an additional 152,361 shares in the last quarter. Encompass Capital Advisors LLC acquired a new position in shares of GATX in the second quarter worth $23,025,000. Walleye Capital LLC acquired a new position in shares of GATX in the second quarter worth $14,276,000. Finally, Marshall Wace LLP lifted its position in shares of GATX by 205.4% in the second quarter. Marshall Wace LLP now owns 128,192 shares of the transportation company’s stock valued at $19,685,000 after acquiring an additional 86,215 shares in the last quarter. 93.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at GATX

In other news, VP Robert Zmudka sold 5,200 shares of the firm’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 in the company, valued at $1,443,226.73. This trade represents a 40.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Aken Jennifer Van sold 1,800 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $164.15, for a total value 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 SEC filing for this sale provides additional information. Insiders sold a total of 11,595 shares of company stock worth $2,202,995 in the last three months. 2.17% of the stock is currently owned by insiders.

GATX Trading Up 0.2%

Shares of GATX stock opened at $184.56 on Thursday. GATX Corporation has a 1-year low of $139.44 and a 1-year high of $199.00. The firm’s 50-day simple moving average is $182.70 and its 200-day simple moving average is $171.76. The firm has a market cap of $6.55 billion, a P/E ratio of 20.24 and a beta of 1.19. 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 issued its quarterly earnings results on Thursday, February 19th. The transportation company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.42 by $0.02. The firm had revenue of $449.00 million during the quarter, compared to analyst estimates of $443.67 million. GATX had a net margin of 19.15% and a return on equity of 11.05%. GATX’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.93 earnings per share. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. As a group, equities analysts forecast that GATX Corporation will post 8.5 EPS 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 $0.66 dividend. The ex-dividend date is Monday, March 2nd. This is an increase from GATX’s previous quarterly dividend of $0.61. This represents a $2.64 dividend on an annualized basis and a yield of 1.4%. GATX’s payout ratio is 28.95%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of GATX in a research report on Thursday, January 22nd. Susquehanna lifted their price target on shares of GATX from $212.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, February 20th. The Goldman Sachs Group reissued a “buy” rating and set a $204.00 price objective on shares of GATX in a research note on Wednesday, January 14th. Finally, Citigroup cut shares of GATX from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $197.00 to $210.00 in a research note on Tuesday, February 24th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.