The Manufacturers Life Insurance Company acquired a new stake in GATX Corporation (NYSE:GATX – Free Report) during the second quarter, Holdings Channel.com reports. The firm acquired 32,467 shares of the transportation company’s stock, valued at approximately $5,753,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Paradigm Capital Management Inc. NY acquired a new stake in GATX during the second quarter worth approximately $1,161,000. Sanctuary Advisors LLC acquired a new position in GATX in the second quarter valued at approximately $1,299,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in GATX in the second quarter valued at approximately $4,886,000. Commerce Bank bought a new position in shares of GATX during the 2nd quarter worth approximately $334,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of GATX during the 2nd quarter worth approximately $32,000. Institutional investors own 93.14% of the company’s stock.
Insiders Place Their Bets
In other news, CFO Thomas A. Ellman sold 18,200 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $180.08, for a total value of $3,277,456.00. Following the completion of the sale, the chief financial officer owned 34,361 shares in the company, valued at $6,187,728.88. This represents a 34.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Eren Doygun sold 1,000 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $179.52, for a total transaction of $179,520.00. Following the completion of the sale, the senior vice president owned 5,323 shares of the company’s stock, valued at approximately $955,584.96. This represents a 15.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.86% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on GATX
GATX Price Performance
GATX stock opened at $175.10 on Tuesday. The company has a debt-to-equity ratio of 3.44, a quick ratio of 3.90 and a current ratio of 3.90. The business has a 50-day simple moving average of $178.69 and a two-hundred day simple moving average of $179.99. The company has a market capitalization of $6.18 billion, a P/E ratio of 17.34 and a beta of 1.17. GATX Corporation has a 52-week low of $150.42 and a 52-week high of $205.56.
GATX (NYSE:GATX – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The transportation company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.46 by $0.38. GATX had a return on equity of 10.43% and a net margin of 17.94%.The firm had revenue of $580.10 million during the quarter, compared to the consensus estimate of $598.77 million. During the same period in the prior year, the business posted $2.06 earnings per share. The company’s quarterly revenue was up 34.8% compared to the same quarter last year. GATX has set its FY 2026 guidance at 9.900-10.30 EPS. Research analysts expect that GATX Corporation will post 10.1 EPS for the current fiscal year.
GATX Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 15th. GATX’s dividend payout ratio is presently 26.14%.
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.
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