Edgestream Partners L.P. Makes New Investment in GATX Corporation $GATX

Edgestream Partners L.P. acquired a new stake in shares of GATX Corporation (NYSE:GATX) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 14,616 shares of the transportation company’s stock, valued at approximately $2,244,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. J.W. Cole Advisors Inc. raised its position in GATX by 4.8% during the second quarter. J.W. Cole Advisors Inc. now owns 1,429 shares of the transportation company’s stock valued at $219,000 after purchasing an additional 65 shares in the last quarter. Savant Capital LLC boosted its holdings in shares of GATX by 3.9% in the 2nd quarter. Savant Capital LLC now owns 1,799 shares of the transportation company’s stock worth $276,000 after purchasing an additional 68 shares in the last quarter. State of Michigan Retirement System increased its position in shares of GATX by 1.2% during the 2nd quarter. State of Michigan Retirement System now owns 8,612 shares of the transportation company’s stock valued at $1,322,000 after purchasing an additional 100 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of GATX by 1.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 10,477 shares of the transportation company’s stock valued at $1,609,000 after buying an additional 120 shares in the last quarter. Finally, LPL Financial LLC lifted its position in GATX by 1.0% in the 1st quarter. LPL Financial LLC now owns 13,974 shares of the transportation company’s stock worth $2,170,000 after buying an additional 143 shares during the last quarter. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

GATX Trading Down 0.5%

Shares of GATX opened at $164.77 on Friday. The stock has a market capitalization of $5.88 billion, a P/E ratio of 19.25 and a beta of 1.17. GATX Corporation has a twelve month low of $139.44 and a twelve month high of $178.26. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 3.26. The firm has a fifty day simple moving average of $163.38 and a two-hundred day simple moving average of $160.09.

GATX (NYSE:GATX) last posted its earnings results on Tuesday, October 21st. The transportation company reported $2.10 earnings per share for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.22). GATX had a return on equity of 11.62% and a net margin of 18.35%.The firm had revenue of $439.30 million for the quarter, compared to analysts’ expectations of $435.21 million. During the same quarter in the prior year, the company posted $2.43 earnings per share. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. On average, research analysts anticipate that GATX Corporation will post 8.5 EPS for the current year.

GATX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.61 per share. The ex-dividend date is Monday, December 15th. This represents a $2.44 annualized dividend and a dividend yield of 1.5%. GATX’s payout ratio is currently 28.50%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GATX. Citigroup increased their price target on shares of GATX from $191.00 to $192.00 and gave the company a “buy” rating in a research report on Monday, November 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GATX in a report on Wednesday, October 8th. Finally, Susquehanna boosted their price target on shares of GATX from $190.00 to $192.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $192.00.

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.