Norges Bank Takes $86.24 Million Position in GATX Corporation $GATX

Norges Bank bought a new stake in shares of GATX Corporation (NYSE:GATX) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 508,497 shares of the transportation company’s stock, valued at approximately $86,241,000.

Other hedge funds have also recently made changes to their positions in the company. M&T Bank Corp lifted its position in GATX by 915.2% during the 4th quarter. M&T Bank Corp now owns 26,234 shares of the transportation company’s stock worth $4,449,000 after acquiring an additional 23,650 shares during the period. JPMorgan Chase & Co. lifted its position in GATX by 13.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 205,898 shares of the transportation company’s stock worth $35,991,000 after acquiring an additional 24,239 shares during the period. American Century Companies Inc. lifted its position in GATX by 5.1% during the 3rd quarter. American Century Companies Inc. now owns 1,137,000 shares of the transportation company’s stock worth $198,748,000 after acquiring an additional 55,609 shares during the period. Natixis Advisors LLC lifted its position in GATX by 17.9% during the 3rd quarter. Natixis Advisors LLC now owns 282,549 shares of the transportation company’s stock worth $49,389,000 after acquiring an additional 42,942 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in GATX by 270,265.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 640,765 shares of the transportation company’s stock worth $108,674,000 after acquiring an additional 640,528 shares during the period. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

GATX Stock Performance

NYSE GATX opened at $171.30 on Friday. The stock has a 50-day simple moving average of $181.80 and a two-hundred day simple moving average of $177.53. The firm has a market capitalization of $6.08 billion, a P/E ratio of 18.38 and a beta of 1.17. GATX Corporation has a fifty-two week low of $148.20 and a fifty-two week high of $205.56. The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.91 and a current 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 analysts’ consensus estimates of $2.28 by $0.07. The business had revenue of $583.70 million during the quarter, compared to analyst estimates of $599.76 million. GATX had a return on equity of 10.31% and a net margin of 17.88%.The company’s revenue was up 38.4% on a year-over-year basis. During the same quarter last year, the business posted $2.15 EPS. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. On average, equities analysts forecast that GATX Corporation will post 9.8 earnings per share for the current year.

GATX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.66 per share. The ex-dividend date 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%.

Analysts Set New Price Targets

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

GATX 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.