Hilltop National Bank Takes Position in GATX Corporation $GATX

Hilltop National Bank acquired a new position in shares of GATX Corporation (NYSE:GATX) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 999 shares of the transportation company’s stock, valued at approximately $153,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GATX. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of GATX during the 1st quarter worth $30,000. TCTC Holdings LLC boosted its holdings in GATX by 117.0% during the first quarter. TCTC Holdings LLC now owns 243 shares of the transportation company’s stock worth $38,000 after buying an additional 131 shares in the last quarter. UMB Bank n.a. grew its position in GATX by 101.2% during the first quarter. UMB Bank n.a. now owns 328 shares of the transportation company’s stock worth $51,000 after buying an additional 165 shares during the period. CWM LLC increased its holdings in GATX by 12.7% in the first quarter. CWM LLC now owns 621 shares of the transportation company’s stock valued at $96,000 after buying an additional 70 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of GATX during the 1st quarter valued at approximately $100,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Price Performance

Shares of NYSE:GATX opened at $175.95 on Friday. The company has a debt-to-equity ratio of 3.27, a quick ratio of 2.93 and a current ratio of 2.93. The business’s fifty day moving average price is $164.67 and its two-hundred day moving average price is $156.18. The stock has a market cap of $6.26 billion, a PE ratio of 20.13 and a beta of 1.18. GATX Corporation has a one year low of $127.93 and a one year high of $178.26.

GATX (NYSE:GATX) last issued its quarterly earnings data on Tuesday, July 29th. The transportation company reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.11. The business had revenue of $430.50 million for the quarter, compared to the consensus estimate of $425.52 million. GATX had a return on equity of 12.52% and a net margin of 19.13%. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. On average, analysts forecast that GATX Corporation will post 8.5 EPS for the current fiscal year.

GATX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a dividend of $0.61 per share. The ex-dividend date was Monday, September 15th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.4%. GATX’s payout ratio is 27.92%.

Insider Activity

In other GATX news, Director Anne L. Arvia sold 979 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $165.35, for a total transaction of $161,877.65. Following the transaction, the director owned 33,077 shares of the company’s stock, valued at $5,469,281.95. This represents a 2.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Kevin Hillesland sold 2,200 shares of the firm’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $152.59, for a total value of $335,698.00. Following the sale, the senior vice president owned 7,606 shares in the company, valued at $1,160,599.54. This trade represents a 22.44% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,914 shares of company stock worth $2,953,509. 2.17% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GATX. Weiss Ratings restated a “buy (b)” rating on shares of GATX in a report on Saturday, September 27th. Susquehanna set a $190.00 target price on GATX and gave the stock a “positive” rating in a research report on Monday, August 18th. Finally, Citigroup began coverage on GATX in a report on Monday, September 22nd. They issued a “buy” rating and a $201.00 target price on the stock. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $183.50.

About GATX

GATX Corporation, together its subsidiaries, operates as railcar leasing company in the United States, Canada, Mexico, Europe, and India. It operates through three segments: Rail North America, Rail International, and Portfolio Management. The company leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.