Norges Bank Makes New Investment in GATX Corporation $GATX

Norges Bank bought a new position in GATX Corporation (NYSE:GATX) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 508,497 shares of the transportation company’s stock, valued at approximately $86,241,000. Norges Bank owned 1.42% of GATX at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Bank of America Corp DE grew its position in GATX by 0.5% in the 2nd quarter. Bank of America Corp DE now owns 1,219,746 shares of the transportation company’s stock worth $187,304,000 after purchasing an additional 6,104 shares during the period. American Century Companies Inc. grew its position in GATX by 5.1% in the 3rd quarter. American Century Companies Inc. now owns 1,137,000 shares of the transportation company’s stock worth $198,748,000 after purchasing an additional 55,609 shares during the period. Sei Investments Co. grew its position in GATX by 2.8% in the 3rd quarter. Sei Investments Co. now owns 949,877 shares of the transportation company’s stock worth $166,038,000 after purchasing an additional 25,440 shares during the period. Geode Capital Management LLC grew its position in GATX by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 885,634 shares of the transportation company’s stock worth $150,228,000 after purchasing an additional 3,655 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of GATX by 270,265.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 640,765 shares of the transportation company’s stock valued at $108,674,000 after acquiring an additional 640,528 shares during the period. Institutional investors own 93.14% of the company’s stock.

GATX Stock Down 1.0%

Shares of GATX stock opened at $171.30 on Friday. The company’s fifty day simple moving average is $181.80 and its two-hundred day simple moving average is $177.53. The company has a quick ratio of 3.91, a current ratio of 3.91 and a debt-to-equity ratio of 3.41. The stock has a market cap of $6.08 billion, a P/E ratio of 18.38 and a beta of 1.17. GATX Corporation has a 52 week low of $148.20 and a 52 week high of $205.56.

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

GATX Dividend Announcement

The firm also recently announced 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 is Monday, June 15th. GATX’s dividend payout ratio is currently 28.33%.

Analyst Upgrades and Downgrades

GATX has been the subject of a number of recent research reports. Susquehanna cut their price objective on shares of GATX from $220.00 to $218.00 and set a “positive” rating for the company in a research report on Friday, May 8th. Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a research report on Tuesday, April 21st. Citigroup raised shares of GATX from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $210.00 to $211.00 in a research report on Wednesday, April 8th. Finally, The Goldman Sachs Group reissued a “buy” rating and set 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 data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $217.00.

GATX 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.