Louisiana State Employees Retirement System Takes $1.78 Million Position in GATX Corporation $GATX

Louisiana State Employees Retirement System purchased a new position in shares of GATX Corporation (NYSE:GATX) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,400 shares of the transportation company’s stock, valued at approximately $1,776,000.

Several other large investors have also made changes to their positions in the company. AQR Capital Management LLC increased its stake in GATX by 21.3% in the first quarter. AQR Capital Management LLC now owns 7,716 shares of the transportation company’s stock valued at $1,198,000 after acquiring an additional 1,357 shares during the last quarter. Millennium Management LLC lifted its stake in GATX by 54.9% during the first quarter. Millennium Management LLC now owns 58,011 shares of the transportation company’s stock worth $9,007,000 after purchasing an additional 20,569 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of GATX by 1.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 116,834 shares of the transportation company’s stock valued at $18,141,000 after purchasing an additional 1,968 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of GATX by 280.6% in the 1st quarter. Jane Street Group LLC now owns 53,690 shares of the transportation company’s stock valued at $8,336,000 after purchasing an additional 39,582 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of GATX by 104.7% in the 2nd quarter. Invesco Ltd. now owns 113,613 shares of the transportation company’s stock valued at $17,446,000 after purchasing an additional 58,100 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

Wall Street Analyst Weigh In

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

GATX Stock Performance

NYSE GATX opened at $177.26 on Wednesday. The firm’s fifty day moving average price is $179.94 and its two-hundred day moving average price is $179.64. The stock has a market cap of $6.29 billion, a PE ratio of 19.02 and a beta of 1.17. 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 fifty-two week low of $148.20 and a fifty-two week high of $205.56.

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

GATX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a $0.66 dividend. The ex-dividend date was Monday, June 15th. This represents a $2.64 annualized dividend and a yield of 1.5%. GATX’s dividend payout ratio (DPR) 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.