Bank of New York Mellon Corp Sells 3,240 Shares of GATX Corporation $GATX

Bank of New York Mellon Corp cut its position in GATX Corporation (NYSE:GATX) by 1.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 298,194 shares of the transportation company’s stock after selling 3,240 shares during the period. Bank of New York Mellon Corp’s holdings in GATX were worth $50,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in GATX. Northwestern Mutual Investment Management Company LLC boosted its position in shares of GATX by 0.7% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 7,988 shares of the transportation company’s stock valued at $1,355,000 after acquiring an additional 53 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in GATX by 0.8% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 6,310 shares of the transportation company’s stock worth $1,070,000 after acquiring an additional 53 shares during the period. EverSource Wealth Advisors LLC increased its position in GATX by 8.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 702 shares of the transportation company’s stock worth $119,000 after acquiring an additional 55 shares during the period. Brown Brothers Harriman & Co. raised its stake in GATX by 26.5% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 315 shares of the transportation company’s stock worth $55,000 after purchasing an additional 66 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its stake in GATX by 3.1% in the 4th quarter. Kestra Advisory Services LLC now owns 2,200 shares of the transportation company’s stock worth $373,000 after purchasing an additional 66 shares in the last quarter. Institutional investors own 93.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GATX shares. Weiss Ratings restated a “buy (b)” rating on shares of GATX in a research report on Friday, July 17th. The Goldman Sachs Group reiterated a “buy” rating and issued a $222.00 price target on shares of GATX in a research report on Thursday, May 7th. Citigroup boosted their price target on GATX from $211.00 to $214.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Finally, Susquehanna reduced their price target on GATX from $220.00 to $218.00 and set a “positive” rating on the stock in a research report on Friday, May 8th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $218.00.

GATX Trading Up 1.8%

Shares of GATX opened at $183.51 on Friday. GATX Corporation has a 52-week low of $148.20 and a 52-week high of $205.56. The business’s fifty day moving average is $174.87 and its 200-day moving average is $180.33. The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.91 and a current ratio of 3.91. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 19.69 and a beta of 1.17.

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

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.