Hodges Capital Management Inc. Purchases Shares of 43,250 GATX Corporation $GATX

Hodges Capital Management Inc. acquired a new position in shares of GATX Corporation (NYSE:GATX) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 43,250 shares of the transportation company’s stock, valued at approximately $7,385,000. Hodges Capital Management Inc. owned about 0.12% of GATX as of its most recent SEC filing.

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

GATX Trading Down 0.3%

GATX opened at $173.22 on Monday. The firm has a market capitalization of $6.15 billion, a P/E ratio of 18.59 and a beta of 1.17. The firm’s 50 day moving average is $178.37 and its 200-day moving average is $179.72. GATX Corporation has a 52-week low of $148.20 and a 52-week high of $205.56. 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 (NYSE:GATX) last announced 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 the consensus estimate of $599.76 million. GATX had a net margin of 17.88% and a return on equity of 10.31%. 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 earned $2.15 earnings per share. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. Analysts expect that GATX Corporation will post 9.8 EPS for the current fiscal year.

GATX Dividend Announcement

The firm also recently announced 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 dividend payout ratio (DPR) is currently 28.33%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of GATX in a research note on Tuesday, April 21st. The Goldman Sachs Group restated a “buy” rating and set a $222.00 target price on shares of GATX in a report on Thursday, May 7th. Susquehanna decreased their price target on shares of GATX from $220.00 to $218.00 and set a “positive” rating for the company in a research report on Friday, May 8th. Finally, Citigroup upgraded 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 report on Wednesday, April 8th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $217.00.

GATX Profile

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.