Petrus Trust Company LTA Takes $496,000 Position in GATX Corporation $GATX

Petrus Trust Company LTA bought a new stake in shares of GATX Corporation (NYSE:GATX) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,194 shares of the transportation company’s stock, valued at approximately $496,000.

Several other hedge funds also recently modified their holdings of GATX. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of GATX during the first quarter valued at approximately $30,000. TCTC Holdings LLC boosted its position in shares of GATX by 117.0% during the first quarter. TCTC Holdings LLC now owns 243 shares of the transportation company’s stock valued at $38,000 after buying an additional 131 shares during the last quarter. Orion Capital Management LLC purchased a new position in shares of GATX during the fourth quarter valued at approximately $39,000. UMB Bank n.a. boosted its position in shares of GATX by 101.2% during the first quarter. UMB Bank n.a. now owns 328 shares of the transportation company’s stock valued at $51,000 after buying an additional 165 shares during the last quarter. Finally, CWM LLC boosted its position in shares of GATX by 12.7% during 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 during the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Insider Activity

In other news, Director Anne L. Arvia sold 979 shares of the company’s 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert C. Lyons sold 12,635 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $166.33, for a total value of $2,101,579.55. Following the transaction, the chief executive officer directly owned 50,575 shares in the company, valued at $8,412,139.75. This represents a 19.99% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,714 shares of company stock worth $3,232,365. 2.17% of the stock is owned by company insiders.

GATX Stock Down 0.6%

GATX stock opened at $167.51 on Friday. The stock’s fifty day simple moving average is $158.17 and its two-hundred day simple moving average is $154.19. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 3.27. GATX Corporation has a 1-year low of $127.69 and a 1-year high of $171.62. The stock has a market cap of $5.96 billion, a P/E ratio of 19.17 and a beta of 1.18.

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

GATX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, September 15th. GATX’s dividend payout ratio is currently 27.92%.

Wall Street Analyst Weigh In

Separately, Susquehanna set a $190.00 target price on GATX and gave the company a “positive” rating in a research report on Monday, August 18th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, GATX presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.67.

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.