Creative Planning Boosts Holdings in GATX Corporation $GATX

Creative Planning raised its position in GATX Corporation (NYSE:GATX) by 9.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 28,831 shares of the transportation company’s stock after acquiring an additional 2,593 shares during the quarter. Creative Planning’s holdings in GATX were worth $4,427,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Park Avenue Securities LLC acquired a new stake in shares of GATX in the 2nd quarter valued at approximately $783,000. HB Wealth Management LLC purchased a new position in GATX in the second quarter worth $222,000. XTX Topco Ltd lifted its holdings in GATX by 108.2% in the first quarter. XTX Topco Ltd now owns 5,601 shares of the transportation company’s stock valued at $870,000 after acquiring an additional 2,911 shares during the period. Level Four Advisory Services LLC boosted its position in shares of GATX by 34.6% during the 1st quarter. Level Four Advisory Services LLC now owns 34,688 shares of the transportation company’s stock worth $5,386,000 after purchasing an additional 8,925 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in shares of GATX by 109.1% during the 1st quarter. Mackenzie Financial Corp now owns 4,810 shares of the transportation company’s stock worth $747,000 after purchasing an additional 2,510 shares during the period. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Insider Transactions at GATX

In related news, CEO Robert C. Lyons sold 12,635 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 50,575 shares of the company’s stock, valued at approximately $8,412,139.75. The trade was a 19.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Geoffrey Phillips sold 2,100 shares of the company’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $168.74, for a total transaction of $354,354.00. Following the completion of the transaction, the vice president owned 6,740 shares in the company, valued at approximately $1,137,307.60. This trade represents a 23.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.17% of the company’s stock.

Analysts Set New Price Targets

GATX has been the subject of several recent analyst reports. Susquehanna raised their price objective on shares of GATX from $190.00 to $192.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Citigroup began coverage on shares of GATX in a research report on Monday, September 22nd. They set a “buy” rating and a $201.00 price target for the company. Finally, Weiss Ratings restated a “buy (b)” rating on shares of GATX in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $183.67.

GATX Trading Up 2.1%

Shares of GATX opened at $157.29 on Friday. The company has a debt-to-equity ratio of 3.26, a current ratio of 3.81 and a quick ratio of 2.93. GATX Corporation has a 1-year low of $139.44 and a 1-year high of $178.26. The stock has a market cap of $5.62 billion, a price-to-earnings ratio of 18.38 and a beta of 1.20. The firm has a 50 day simple moving average of $165.49 and a 200-day simple moving average of $159.28.

GATX (NYSE:GATX) last posted 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 company had revenue of $439.30 million during the quarter, compared to analysts’ expectations of $435.21 million. GATX had a net margin of 18.35% and a return on equity of 11.62%. GATX’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.43 EPS. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. Equities analysts forecast 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 paid 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 dividend yield of 1.6%. GATX’s dividend payout ratio (DPR) is presently 28.50%.

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.