Vestmark Advisory Solutions Inc. Takes $216,000 Position in GATX Corporation $GATX

Vestmark Advisory Solutions Inc. purchased a new position in GATX Corporation (NYSE:GATX) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 1,406 shares of the transportation company’s stock, valued at approximately $216,000.

Several other institutional investors also recently bought and sold shares of the business. Savant Capital LLC lifted its position in shares of GATX by 3.9% during the second quarter. Savant Capital LLC now owns 1,799 shares of the transportation company’s stock valued at $276,000 after buying an additional 68 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in GATX during the 2nd quarter worth approximately $65,000. Bank of Montreal Can lifted its position in GATX by 1.4% during the second quarter. Bank of Montreal Can now owns 18,929 shares of the transportation company’s stock valued at $2,907,000 after purchasing an additional 262 shares during the period. State of Michigan Retirement System boosted its stake in shares of GATX by 1.2% in the second quarter. State of Michigan Retirement System now owns 8,612 shares of the transportation company’s stock worth $1,322,000 after buying an additional 100 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its position in GATX by 0.9% in the 2nd quarter. Retirement Systems of Alabama now owns 43,633 shares of the transportation company’s stock worth $6,700,000 after purchasing an additional 379 shares in the last quarter. 93.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on GATX shares. Weiss Ratings restated a “buy (b)” rating on shares of GATX in a research note on Wednesday, October 8th. Citigroup started coverage on shares of GATX in a report on Monday, September 22nd. They issued a “buy” rating and a $201.00 price objective for the company. Finally, Susquehanna upped their price objective on shares of GATX from $190.00 to $192.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $184.00.

GATX Trading Down 0.8%

GATX opened at $155.95 on Thursday. The company has a debt-to-equity ratio of 3.26, a quick ratio of 2.93 and a current ratio of 3.81. GATX Corporation has a one year low of $139.44 and a one year high of $178.26. The business’s 50-day simple moving average is $167.48 and its 200-day simple moving average is $158.96. The company has a market cap of $5.57 billion, a P/E ratio of 18.22 and a beta of 1.20.

GATX (NYSE:GATX) last announced its earnings results on Tuesday, October 21st. The transportation company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.22). The firm had revenue of $439.30 million during the quarter, compared to analyst estimates of $435.21 million. GATX had a net margin of 18.35% and a return on equity of 11.62%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $2.43 earnings per share. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. As a group, equities research analysts expect that GATX Corporation will post 8.5 EPS for the current fiscal year.

GATX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.44 dividend on an annualized basis and a yield of 1.6%. GATX’s payout ratio is currently 28.50%.

Insider Buying and Selling

In related news, VP Geoffrey Phillips sold 2,100 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The stock was 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 directly owned 6,740 shares of the company’s stock, valued at $1,137,307.60. This trade represents a 23.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Anne L. Arvia sold 979 shares of the firm’s stock in a transaction that occurred 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 directly owned 33,077 shares of the company’s stock, valued at approximately $5,469,281.95. This trade represents a 2.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 15,714 shares of company stock worth $2,617,811 in the last quarter. Company insiders own 2.17% of the company’s stock.

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.