Venturi Wealth Management LLC Raises Position in GATX Corporation $GATX

Venturi Wealth Management LLC grew its position in GATX Corporation (NYSE:GATX) by 9.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,701 shares of the transportation company’s stock after acquiring an additional 148 shares during the period. Venturi Wealth Management LLC’s holdings in GATX were worth $261,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in GATX. TCTC Holdings LLC boosted its holdings in shares of GATX by 117.0% in the first quarter. TCTC Holdings LLC now owns 243 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 131 shares in the last quarter. UMB Bank n.a. boosted its holdings 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 in the last quarter. CWM LLC boosted its holdings in GATX by 12.7% during the first quarter. CWM LLC now owns 621 shares of the transportation company’s stock worth $96,000 after buying an additional 70 shares in the last quarter. Brooklyn Investment Group purchased a new stake in GATX during the first quarter worth about $100,000. Finally, Hilltop National Bank purchased a new stake in GATX during the second quarter worth about $153,000. Hedge funds and other institutional investors own 93.14% of the company’s stock.

GATX Stock Performance

Shares of GATX opened at $169.29 on Friday. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 3.27. The stock has a market cap of $6.03 billion, a P/E ratio of 19.37 and a beta of 1.18. The company has a 50-day moving average of $166.68 and a two-hundred day moving average of $156.73. GATX Corporation has a 12-month low of $130.95 and a 12-month high of $178.26.

GATX (NYSE:GATX) last announced its earnings results on Tuesday, July 29th. The transportation company reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.11. The company had revenue of $430.50 million during the quarter, compared to analysts’ expectations of $425.52 million. GATX had a net margin of 19.13% and a return on equity of 12.52%. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. As a group, research analysts predict that GATX Corporation will post 8.5 EPS for the current fiscal year.

GATX Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a report on Wednesday. Susquehanna set a $190.00 price objective on shares of GATX and gave the stock a “positive” rating in a report on Monday, August 18th. Finally, Citigroup assumed coverage on shares of GATX in a report on Monday, September 22nd. They set a “buy” rating and a $201.00 price objective on the stock. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $183.50.

Insider Activity

In other news, VP Geoffrey Phillips sold 2,100 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $168.74, for a total value of $354,354.00. Following the completion of the transaction, the vice president owned 6,740 shares of the company’s stock, valued at $1,137,307.60. The trade was a 23.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Kevin Hillesland sold 2,200 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $152.59, for a total transaction of $335,698.00. Following the completion of the transaction, the senior vice president directly owned 7,606 shares of the company’s stock, valued at approximately $1,160,599.54. This represents a 22.44% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 17,914 shares of company stock worth $2,953,509. Corporate insiders own 2.17% of the company’s stock.

GATX Profile

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.