New York State Teachers Retirement System Decreases Stock Position in GATX Corporation $GATX

New York State Teachers Retirement System reduced its holdings in GATX Corporation (NYSE:GATX) by 16.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 31,475 shares of the transportation company’s stock after selling 6,247 shares during the period. New York State Teachers Retirement System’s holdings in GATX were worth $5,374,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in GATX. Larson Financial Group LLC lifted its position in GATX by 364.5% during the third quarter. Larson Financial Group LLC now owns 144 shares of the transportation company’s stock worth $25,000 after buying an additional 113 shares in the last quarter. Community Bank N.A. purchased a new stake in GATX in the 3rd quarter valued at $27,000. Ameriflex Group Inc. acquired a new stake in shares of GATX in the 3rd quarter worth $27,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of GATX during the 4th quarter worth $27,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of GATX during the 4th quarter valued at about $27,000. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on GATX. Citigroup raised shares of GATX from a “neutral” rating to a “buy” rating and increased their price target for the company from $210.00 to $211.00 in a research note on Wednesday, April 8th. Susquehanna decreased their price objective on GATX from $220.00 to $218.00 and set a “positive” rating on the stock in a report on Friday, May 8th. The Goldman Sachs Group reiterated a “buy” rating and issued a $222.00 price objective on shares of GATX in a research report on Thursday, May 7th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a research note on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $217.00.

GATX Stock Performance

Shares of GATX stock opened at $174.47 on Wednesday. The business has a 50-day simple moving average of $177.47 and a 200-day simple moving average of $179.80. The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.91 and a current ratio of 3.91. GATX Corporation has a one year low of $148.20 and a one year high of $205.56. The company has a market cap of $6.19 billion, a PE ratio of 18.72 and a beta of 1.17.

GATX (NYSE:GATX) last released its quarterly earnings data on Thursday, May 7th. The transportation company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.07. The business had revenue of $583.70 million during the quarter, compared to analysts’ expectations of $599.76 million. GATX had a return on equity of 10.31% and a net margin of 17.88%.The business’s quarterly revenue was up 38.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.15 EPS. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. On average, equities research analysts forecast that GATX Corporation will post 9.8 EPS for the current fiscal year.

GATX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a dividend of $0.66 per share. The ex-dividend date was Monday, June 15th. This represents a $2.64 dividend on an annualized basis and a yield of 1.5%. GATX’s dividend payout ratio is currently 28.33%.

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.