Gabelli Funds LLC Trims Stake in GATX Corporation $GATX

Gabelli Funds LLC cut its stake in shares of GATX Corporation (NYSE:GATX) by 7.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 845,450 shares of the transportation company’s stock after selling 68,400 shares during the period. GATX makes up approximately 1.0% of Gabelli Funds LLC’s investment portfolio, making the stock its 9th largest holding. Gabelli Funds LLC’s holdings in GATX were worth $144,352,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its stake in GATX by 21.3% in the first quarter. AQR Capital Management LLC now owns 7,716 shares of the transportation company’s stock valued at $1,198,000 after buying an additional 1,357 shares during the period. Millennium Management LLC grew its position in shares of GATX by 54.9% during the 1st quarter. Millennium Management LLC now owns 58,011 shares of the transportation company’s stock worth $9,007,000 after buying an additional 20,569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of GATX by 1.7% during 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 worth $18,141,000 after buying an additional 1,968 shares during the period. Jane Street Group LLC increased its stake 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 last quarter. Finally, Invesco Ltd. increased its stake 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 last quarter. Institutional investors own 93.14% of the company’s stock.

GATX Stock Up 0.6%

Shares of GATX stock opened at $184.49 on Friday. GATX Corporation has a 1 year low of $148.20 and a 1 year high of $205.56. The business has a 50-day moving average of $175.11 and a two-hundred day moving average of $180.36. The company has a market capitalization of $6.55 billion, a P/E ratio of 19.80 and a beta of 1.17. The company has a debt-to-equity ratio of 3.41, a current ratio of 3.91 and a quick ratio of 3.91.

GATX (NYSE:GATX) last released its quarterly earnings data on Thursday, May 7th. The transportation company reported $2.35 earnings per share for the quarter, beating 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 business had revenue of $583.70 million for the quarter, compared to analysts’ expectations of $599.76 million. During the same quarter in the previous year, the business posted $2.15 EPS. GATX’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. As a group, equities analysts predict that GATX Corporation will post 9.8 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GATX. Citigroup increased their price target on shares of GATX from $211.00 to $214.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GATX in a research note on Friday, July 17th. Susquehanna cut 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. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $222.00 price target on shares of GATX in a research report on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $218.00.

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.