GATX Co. (NYSE:GATX) Shares Purchased by Creative Planning

Posted by on Oct 20th, 2023

Creative Planning boosted its position in GATX Co. (NYSE:GATX – Free Report) by 28.8% in the second quarter, Holdings Channel.com reports. The firm owned 3,632 shares of the transportation company’s stock after acquiring an additional 812 shares during the quarter. Creative Planning’s holdings in GATX were worth $468,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in GATX. Norges Bank acquired a new stake in GATX in the fourth quarter valued at about $24,697,000. Charles Schwab Investment Management Inc. lifted its position in GATX by 51.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 446,073 shares of the transportation company’s stock valued at $49,077,000 after purchasing an additional 151,621 shares during the period. Scopus Asset Management L.P. lifted its position in GATX by 433.9% in the first quarter. Scopus Asset Management L.P. now owns 177,248 shares of the transportation company’s stock valued at $19,501,000 after purchasing an additional 144,048 shares during the period. Victory Capital Management Inc. lifted its position in GATX by 803.6% in the first quarter. Victory Capital Management Inc. now owns 148,294 shares of the transportation company’s stock valued at $16,315,000 after purchasing an additional 131,882 shares during the period. Finally, BlackRock Inc. lifted its position in shares of GATX by 1.3% during the 1st quarter. BlackRock Inc. now owns 4,420,156 shares of the transportation company’s stock valued at $486,306,000 after acquiring an additional 58,640 shares during the period. Institutional investors and hedge funds own 99.15% of the company’s stock.

GATX Stock Performance

NYSE GATX opened at $105.62 on Friday. GATX Co. has a fifty-two week low of $89.50 and a fifty-two week high of $133.01. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 17.40 and a beta of 1.05. The business has a fifty day moving average of $113.56 and a 200-day moving average of $117.90. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 3.12.

GATX (NYSE:GATX – Get Free Report) last released its quarterly earnings results on Tuesday, July 25th. The transportation company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.12. GATX had a return on equity of 11.48% and a net margin of 16.46%. The company had revenue of $343.20 million during the quarter, compared to analysts’ expectations of $338.02 million. During the same period in the previous year, the firm posted $1.07 earnings per share. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, analysts predict that GATX Co. will post 6.94 earnings per share for the current fiscal year.

GATX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 30th. Stockholders of record on Friday, September 15th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend was Thursday, September 14th. GATX’s dividend payout ratio is currently 36.24%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GATX shares. Stephens lifted their price target on shares of GATX from $135.00 to $142.00 in a research report on Wednesday, July 26th. Wells Fargo & Company lifted their price target on shares of GATX from $125.00 to $145.00 in a research report on Wednesday, July 26th. Susquehanna reduced their price target on shares of GATX from $122.00 to $115.00 and set a “neutral” rating for the company in a research report on Monday. StockNews.com started coverage on shares of GATX in a research report on Thursday, October 5th. They set a “hold” rating for the company. Finally, TD Cowen reiterated a “market perform” rating and set a $137.00 price target (up from $135.00) on shares of GATX in a research report on Wednesday, July 26th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $134.75.

Check Out Our Latest Stock Report on GATX

About GATX

(Free Report)

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.

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Institutional Ownership by Quarter for GATX (NYSE:GATX)

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