Geode Capital Management LLC Increases Position in GATX Corporation $GATX

Geode Capital Management LLC grew its stake in GATX Corporation (NYSE:GATX) by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 885,634 shares of the transportation company’s stock after acquiring an additional 3,655 shares during the quarter. Geode Capital Management LLC owned about 2.48% of GATX worth $150,228,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GATX. AQR Capital Management LLC increased its holdings in shares of GATX by 21.3% in the 1st quarter. AQR Capital Management LLC now owns 7,716 shares of the transportation company’s stock valued at $1,198,000 after acquiring an additional 1,357 shares during the period. Millennium Management LLC increased its holdings in shares of GATX by 54.9% in the 1st quarter. Millennium Management LLC now owns 58,011 shares of the transportation company’s stock valued at $9,007,000 after acquiring an additional 20,569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of GATX by 1.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 116,834 shares of the transportation company’s stock valued at $18,141,000 after acquiring an additional 1,968 shares during the period. Jane Street Group LLC increased its holdings in shares of GATX by 280.6% in the 1st quarter. Jane Street Group LLC now owns 53,690 shares of the transportation company’s stock valued at $8,336,000 after acquiring an additional 39,582 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of GATX by 104.7% in the 2nd quarter. Invesco Ltd. now owns 113,613 shares of the transportation company’s stock valued at $17,446,000 after acquiring an additional 58,100 shares during the period. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

GATX Stock Up 3.8%

GATX stock opened at $173.13 on Friday. 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 stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 18.58 and a beta of 1.17. GATX Corporation has a 1-year low of $148.20 and a 1-year high of $205.56. The business has a fifty day moving average price of $181.77 and a 200-day moving average price of $177.58.

GATX (NYSE:GATX) last posted its quarterly earnings data on Thursday, May 7th. The transportation company reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.07. The firm had revenue of $583.70 million during the quarter, compared to analysts’ expectations of $599.76 million. GATX had a return on equity of 10.31% and a net margin of 17.88%.The business’s quarterly revenue was up 38.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.15 EPS. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. Equities research analysts forecast that GATX Corporation will post 9.8 EPS for the current fiscal year.

GATX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.66 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.5%. GATX’s dividend payout ratio (DPR) is presently 28.33%.

Analyst Upgrades and Downgrades

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

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.