SG Americas Securities LLC Sells 8,476 Shares of GATX Corporation $GATX

SG Americas Securities LLC cut its stake in GATX Corporation (NYSE:GATX) by 40.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,516 shares of the transportation company’s stock after selling 8,476 shares during the period. SG Americas Securities LLC’s holdings in GATX were worth $2,137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in GATX. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of GATX by 270,265.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 640,765 shares of the transportation company’s stock valued at $108,674,000 after purchasing an additional 640,528 shares in the last quarter. Norges Bank acquired a new stake in GATX in the 4th quarter valued at approximately $86,241,000. Alliancebernstein L.P. lifted its stake in GATX by 681.7% in the 3rd quarter. Alliancebernstein L.P. now owns 574,333 shares of the transportation company’s stock valued at $100,393,000 after acquiring an additional 500,857 shares in the last quarter. Squarepoint Ops LLC boosted its position in GATX by 429.5% during the 2nd quarter. Squarepoint Ops LLC now owns 187,835 shares of the transportation company’s stock worth $28,844,000 after acquiring an additional 152,361 shares during the last quarter. Finally, Steadfast Capital Management LP acquired a new position in GATX during the 3rd quarter worth approximately $24,489,000. Institutional investors own 93.14% of the company’s stock.

Wall Street Analysts Forecast Growth

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

GATX Trading Down 2.8%

Shares of GATX stock opened at $172.21 on Thursday. The stock has a market cap of $6.11 billion, a P/E ratio of 18.48 and a beta of 1.17. The company has a quick ratio of 3.91, a current ratio of 3.91 and a debt-to-equity ratio of 3.41. GATX Corporation has a 12-month low of $148.20 and a 12-month high of $205.56. The business’s 50 day moving average is $179.37 and its 200-day moving average is $179.66.

GATX (NYSE:GATX) last released its earnings results on Thursday, May 7th. The transportation company reported $2.35 earnings per share for the quarter, beating 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 net margin of 17.88% and a return on equity of 10.31%. The firm’s revenue was up 38.4% on a year-over-year basis. During the same period last year, the business earned $2.15 earnings per share. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. Equities research analysts predict that GATX Corporation will post 9.8 earnings per share for the current fiscal year.

GATX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders 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 annualized dividend and a dividend yield of 1.5%. GATX’s 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.