GATX Corporation $GATX Shares Sold by Elevated Capital Advisors LLC

Elevated Capital Advisors LLC cut its holdings in GATX Corporation (NYSE:GATX) by 93.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 255 shares of the transportation company’s stock after selling 3,446 shares during the period. Elevated Capital Advisors LLC’s holdings in GATX were worth $44,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in GATX. Dimensional Fund Advisors LP boosted its holdings in shares of GATX by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,481,900 shares of the transportation company’s stock worth $251,337,000 after purchasing an additional 9,109 shares during the last quarter. Bank of America Corp DE increased its stake in GATX by 0.5% in the second quarter. Bank of America Corp DE now owns 1,219,746 shares of the transportation company’s stock valued at $187,304,000 after purchasing an additional 6,104 shares during the last quarter. Wellington Management Group LLP lifted its position in GATX by 0.4% during the fourth quarter. Wellington Management Group LLP now owns 1,011,703 shares of the transportation company’s stock worth $171,585,000 after buying an additional 4,406 shares during the period. Geode Capital Management LLC lifted its position in GATX by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 885,634 shares of the transportation company’s stock worth $150,228,000 after buying an additional 3,655 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in GATX by 270,265.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 640,765 shares of the transportation company’s stock worth $108,674,000 after buying an additional 640,528 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Analyst Ratings Changes

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

GATX Trading Up 2.8%

GATX stock traded up $4.94 during trading on Friday, reaching $179.89. 212,529 shares of the stock traded hands, compared to its average volume of 244,466. The firm has a market capitalization of $6.39 billion, a PE ratio of 19.30 and a beta of 1.17. The company has a debt-to-equity ratio of 3.41, a current ratio of 3.91 and a quick ratio of 3.91. The business’s 50 day moving average price is $176.27 and its 200-day moving average price is $179.82. GATX Corporation has a 52-week low of $148.20 and a 52-week high of $205.56.

GATX (NYSE:GATX) last released its quarterly earnings data 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. GATX had a return on equity of 10.31% and a net margin of 17.88%.The business had revenue of $583.70 million for the quarter, compared to analyst estimates of $599.76 million. During the same period in the previous year, the company posted $2.15 EPS. The company’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. As a group, sell-side analysts forecast that GATX Corporation will post 9.8 earnings per share for the current year.

GATX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, June 15th. GATX’s payout ratio is 28.33%.

GATX Company 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.