Oppenheimer Asset Management Inc. Invests $6.21 Million in GATX Corporation $GATX

Oppenheimer Asset Management Inc. bought a new stake in GATX Corporation (NYSE:GATX) during the second quarter, HoldingsChannel.com reports. The fund bought 35,053 shares of the transportation company’s stock, valued at approximately $6,211,000.

Other hedge funds have also bought and sold shares of the company. AQR Capital Management LLC increased its position in GATX by 21.3% during the first quarter. AQR Capital Management LLC now owns 7,716 shares of the transportation company’s stock worth $1,198,000 after buying an additional 1,357 shares during the last quarter. Millennium Management LLC lifted its position in shares of GATX by 54.9% in the first quarter. Millennium Management LLC now owns 58,011 shares of the transportation company’s stock valued at $9,007,000 after buying an additional 20,569 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake 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 acquiring an additional 1,968 shares during the period. Jane Street Group LLC boosted its stake in shares of GATX by 280.6% during the 1st quarter. Jane Street Group LLC now owns 53,690 shares of the transportation company’s stock worth $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% during the 2nd quarter. Invesco Ltd. now owns 113,613 shares of the transportation company’s stock worth $17,446,000 after acquiring an additional 58,100 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GATX has been the topic of a number of research analyst reports. The Goldman Sachs Group restated a “buy” rating and issued a $222.00 price target on shares of GATX in a research note on Thursday, May 7th. Susquehanna lifted their price objective on shares of GATX from $218.00 to $220.00 and gave the stock a “positive” rating in a research report on Friday, July 31st. Citigroup upped their price objective on shares of GATX from $214.00 to $215.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Finally, Weiss Ratings lowered shares of GATX from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $219.00.

GATX Price Performance

Shares of GATX stock opened at $180.40 on Friday. GATX Corporation has a twelve month low of $150.42 and a twelve month high of $205.56. The company has a quick ratio of 3.90, a current ratio of 3.90 and a debt-to-equity ratio of 3.44. The company has a 50-day simple moving average of $178.12 and a two-hundred day simple moving average of $180.58. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 17.86 and a beta of 1.17.

GATX (NYSE:GATX) last announced its earnings results on Thursday, July 30th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.46 by $0.38. GATX had a net margin of 17.94% and a return on equity of 10.43%. The firm had revenue of $580.10 million for the quarter, compared to analyst estimates of $598.77 million. During the same quarter in the prior year, the business posted $2.06 EPS. The business’s revenue was up 34.8% compared to the same quarter last year. GATX has set its FY 2026 guidance at 9.900-10.30 EPS. Analysts forecast that GATX Corporation will post 10.1 EPS for the current year.

GATX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 15th. GATX’s payout ratio is 26.14%.

Insider Activity

In related news, CFO Thomas A. Ellman sold 18,200 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $180.08, for a total transaction of $3,277,456.00. Following the sale, the chief financial officer owned 34,361 shares of the company’s stock, valued at $6,187,728.88. This represents a 34.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.86% of the company’s stock.

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.