Allspring Global Investments Holdings LLC Sells 6,025 Shares of GATX Corporation $GATX

Allspring Global Investments Holdings LLC reduced its position in GATX Corporation (NYSE:GATX) by 20.9% in the 1st quarter, Holdings Channel reports. The firm owned 22,753 shares of the transportation company’s stock after selling 6,025 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in GATX were worth $3,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its position in GATX by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,481,900 shares of the transportation company’s stock valued at $251,337,000 after acquiring an additional 9,109 shares in the last quarter. Bank of America Corp DE increased its position 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 worth $187,304,000 after purchasing an additional 6,104 shares during the period. Wellington Management Group LLP raised its holdings in GATX by 0.4% during the 4th quarter. Wellington Management Group LLP now owns 1,011,703 shares of the transportation company’s stock worth $171,585,000 after purchasing an additional 4,406 shares during the last quarter. Geode Capital Management LLC grew its holdings in GATX by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 885,634 shares of the transportation company’s stock worth $150,228,000 after acquiring an additional 3,655 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of GATX by 270,265.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 640,765 shares of the transportation company’s stock valued at $108,674,000 after acquiring an additional 640,528 shares during the last quarter. Institutional investors own 93.14% of the company’s stock.

Analyst Upgrades and Downgrades

GATX has been the subject of a number of research reports. The Goldman Sachs Group reissued a “buy” rating and set a $222.00 target price on shares of GATX in a research note on Thursday, May 7th. Weiss Ratings restated a “buy (b)” rating on shares of GATX in a research note on Friday, July 17th. Citigroup lifted their target price on GATX from $211.00 to $214.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Finally, Susquehanna dropped their target price on shares of GATX from $220.00 to $218.00 and set a “positive” rating on the stock in a report on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $218.00.

GATX Price Performance

Shares of GATX opened at $184.49 on Friday. The company has a quick ratio of 3.91, a current ratio of 3.91 and a debt-to-equity ratio of 3.41. The stock has a market cap of $6.55 billion, a PE ratio of 19.80 and a beta of 1.17. GATX Corporation has a 12-month low of $148.20 and a 12-month high of $205.56. The business has a 50-day simple moving average of $175.11 and a two-hundred day simple moving average of $180.36.

GATX (NYSE:GATX) last released its quarterly earnings results 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. GATX had a return on equity of 10.31% and a net margin of 17.88%.The company had revenue of $583.70 million for the quarter, compared to analysts’ expectations of $599.76 million. During the same period in the previous year, the business posted $2.15 earnings per share. The business’s quarterly 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. Analysts anticipate that GATX Corporation will post 9.8 earnings per share 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.