Walleye Capital LLC Makes New $14.28 Million Investment in GATX Corporation $GATX

by · The Cerbat Gem

Walleye Capital LLC bought a new stake in shares of GATX Corporation (NYSE:GATX – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 92,970 shares of the transportation company’s stock, valued at approximately $14,276,000. Walleye Capital LLC owned 0.26% of GATX as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC raised its position in GATX by 0.8% during the second quarter. Geode Capital Management LLC now owns 879,139 shares of the transportation company’s stock valued at $135,017,000 after buying an additional 6,612 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in GATX by 52.7% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 434,415 shares of the transportation company’s stock worth $66,709,000 after acquiring an additional 149,950 shares during the period. Ensign Peak Advisors Inc grew its stake in GATX by 11.1% during the 2nd quarter. Ensign Peak Advisors Inc now owns 410,550 shares of the transportation company’s stock valued at $63,044,000 after acquiring an additional 40,915 shares in the last quarter. Norges Bank purchased a new position in GATX during the 2nd quarter valued at about $58,621,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of GATX by 5.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 181,659 shares of the transportation company’s stock valued at $27,896,000 after purchasing an additional 9,667 shares during the period. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Price Performance

Shares of GATX opened at $164.77 on Friday. The company has a debt-to-equity ratio of 3.26, a quick ratio of 3.81 and a current ratio of 3.81. The firm has a market cap of $5.88 billion, a PE ratio of 19.25 and a beta of 1.17. The firm’s 50 day moving average price is $163.38 and its 200 day moving average price is $160.09. GATX Corporation has a twelve month low of $139.44 and a twelve month high of $178.26.

GATX (NYSE:GATX – Get Free Report) last announced its quarterly earnings results on Tuesday, October 21st. The transportation company reported $2.10 EPS for the quarter, missing the consensus estimate of $2.32 by ($0.22). The business had revenue of $439.30 million for the quarter, compared to analyst estimates of $435.21 million. GATX had a return on equity of 11.62% and a net margin of 18.35%.The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.43 EPS. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. As a group, research analysts expect that GATX Corporation will post 8.5 EPS for the current fiscal year.

GATX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a $0.61 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.5%. GATX’s payout ratio is currently 28.50%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GATX. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GATX in a research report on Wednesday, October 8th. Susquehanna lifted their target price on shares of GATX from $190.00 to $192.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Finally, Citigroup boosted their price target on shares of GATX from $191.00 to $192.00 and gave the company a “buy” rating in a report on Monday, November 24th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, GATX presently has a consensus rating of “Buy” and an average price target of $192.00.

Check Out Our Latest Research Report on GATX

GATX Profile

(Free Report)

GATX Corporation, together its subsidiaries, operates as railcar leasing company in the United States, Canada, Mexico, Europe, and India. It operates through three segments: Rail North America, Rail International, and Portfolio Management. The company leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.

Recommended Stories