Mutual of America Capital Management LLC lowered its stake in shares of GATX Corporation (NYSE:GATX – Free Report) by 2.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,290 shares of the transportation company’s stock after selling 484 shares during the period. Mutual of America Capital Management LLC owned approximately 0.05% of GATX worth $2,840,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of GATX during the first quarter worth about $30,000. Brown Brothers Harriman & Co. acquired a new stake in shares of GATX during the fourth quarter worth about $39,000. Orion Capital Management LLC acquired a new stake in shares of GATX during the fourth quarter worth about $39,000. UMB Bank n.a. raised 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 worth $51,000 after purchasing an additional 165 shares during the period. Finally, Huntington National Bank raised its position in shares of GATX by 54.3% during the fourth quarter. Huntington National Bank now owns 344 shares of the transportation company’s stock worth $53,000 after purchasing an additional 121 shares during the period. Institutional investors own 93.14% of the company’s stock.
Analyst Upgrades and Downgrades
GATX has been the topic of a number of research analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of GATX in a research report on Wednesday, April 23rd. Susquehanna dropped their target price on GATX from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th.
Insider Buying and Selling
In other GATX news, VP Jennifer Mcmanus sold 1,800 shares of the business’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $154.92, for a total transaction of $278,856.00. Following the transaction, the vice president owned 3,468 shares of the company’s stock, valued at $537,262.56. The trade was a 34.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Paul F. Titterton sold 18,700 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $156.66, for a total value of $2,929,542.00. Following the transaction, the executive vice president directly owned 10,468 shares in the company, valued at $1,639,916.88. This trade represents a 64.11% decrease in their position. The disclosure for this sale can be found here. 2.17% of the stock is currently owned by company insiders.
GATX Stock Down 1.3%
Shares of GATX stock opened at $154.00 on Friday. The business’s 50 day simple moving average is $153.68 and its 200 day simple moving average is $154.57. GATX Corporation has a 52-week low of $127.70 and a 52-week high of $168.89. The firm has a market cap of $5.50 billion, a PE ratio of 19.52 and a beta of 1.16. The company has a debt-to-equity ratio of 3.43, a quick ratio of 4.14 and a current ratio of 4.14.
GATX (NYSE:GATX – Get Free Report) last announced its earnings results on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.06. GATX had a return on equity of 12.00% and a net margin of 17.73%. The business had revenue of $421.60 million for the quarter, compared to analyst estimates of $417.06 million. During the same quarter last year, the firm earned $2.01 EPS. GATX’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, analysts predict that GATX Corporation will post 8.5 earnings per share for the current fiscal year.
GATX Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date was Friday, June 13th. GATX’s dividend payout ratio is presently 30.93%.
GATX Profile
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.
Featured Articles
- Five stocks we like better than GATX
- Financial Services Stocks Investing
- Why Pure Storage Is a Core Investment for the AI Era
- What is a buyback in stocks? A comprehensive guide for investors
- 2025: A Pivotal Year for Smart Glasses As Meta Invests in Ray-Ban
- What Investors Need to Know About Upcoming IPOs
- Unity’s New Ad Solutions Drive Stock to 52-Week High
Receive News & Ratings for GATX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GATX and related companies with MarketBeat.com's FREE daily email newsletter.