Clearbridge Investments LLC Sells 6,983 Shares of GATX Corporation $GATX

Clearbridge Investments LLC reduced its position in GATX Corporation (NYSE:GATX) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,743 shares of the transportation company’s stock after selling 6,983 shares during the quarter. Clearbridge Investments LLC owned approximately 0.23% of GATX worth $13,694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Larson Financial Group LLC boosted its position in shares of GATX by 364.5% in the third 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. Ameriflex Group Inc. bought a new position in shares of GATX in the third quarter worth approximately $27,000. Community Bank N.A. purchased a new position in shares of GATX in the third quarter worth $27,000. Los Angeles Capital Management LLC purchased a new position in shares of GATX in the fourth quarter worth $27,000. Finally, Rothschild Investment LLC lifted its holdings in shares of GATX by 127.6% in the fourth quarter. Rothschild Investment LLC now owns 173 shares of the transportation company’s stock worth $29,000 after buying an additional 97 shares in the last quarter. 93.14% of the stock is currently owned by institutional investors.

GATX Trading Down 1.5%

NYSE GATX opened at $172.36 on Thursday. The company’s 50-day moving average price is $182.13 and its 200-day moving average price is $178.14. The company has a current ratio of 3.91, a quick ratio of 3.91 and a debt-to-equity ratio of 3.41. The stock has a market cap of $6.12 billion, a PE ratio of 18.49 and a beta of 1.17. GATX Corporation has a 12 month low of $148.20 and a 12 month high of $205.56.

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

GATX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, June 15th. GATX’s dividend payout ratio is presently 28.33%.

Wall Street Analysts Forecast Growth

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

About GATX

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.