Dimensional Fund Advisors Holds 16.3% Stake in GATX Corp

TL;DR

**Dimensional Fund Advisors LP owns 16.3% of GATX Corp, a big institutional vote of confidence.**

AI Summary

Dimensional Fund Advisors LP, a Delaware Limited Partnership, filed an amendment (SC 13G/A) on February 9, 2024, updating its ownership in GATX Corp. As of December 29, 2023, Dimensional Fund Advisors LP reported beneficial ownership of 5,876,808 shares of GATX Corp's Common Stock, representing 16.3% of the company. This filing indicates a significant institutional stake, which can provide stability but also means large movements by this investor could impact the stock price.

Why It Matters

This filing shows a major institutional investor, Dimensional Fund Advisors LP, maintains a substantial stake in GATX Corp, signaling their continued confidence in the company. For investors, this large holding can offer a degree of stability but also means any future changes in their position could significantly influence GATX's stock price.

Risk Assessment

Risk Level: low — The filing indicates a stable, significant institutional ownership, which generally reduces volatility and risk for the stock.

Analyst Insight

Investors should note the stable, significant institutional ownership by Dimensional Fund Advisors LP, which suggests a degree of confidence in GATX Corp. While this doesn't guarantee future performance, it's a positive signal for long-term holders. Monitor future 13G/A filings for any significant changes in their position, as large sales could indicate a shift in sentiment.

Key Numbers

• 5,876,808 — Shares Beneficially Owned (Represents the total number of GATX Corp Common Stock shares Dimensional Fund Advisors LP holds.)
• 16.3% — Percentage of Class (Indicates the significant portion of GATX Corp's outstanding shares owned by Dimensional Fund Advisors LP.)

Key Players & Entities

• Dimensional Fund Advisors LP (company) — the reporting person and institutional investor
• GATX Corp (company) — the issuer of the securities
• 5,876,808 (dollar_amount) — number of shares beneficially owned
• 16.3% (dollar_amount) — percentage of class beneficially owned
• December 29, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Dimensional Fund Advisors LP will likely maintain a significant stake in GATX Corp for the foreseeable future. (Dimensional Fund Advisors LP) — medium confidence, target: 2025-02-09

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 17KB
• 0000354204-24-003192.txt ( ) — 19KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 13 ) * GATX Corp (Name of Issuer) Common Stock (Title of Class of Securities) 361448103 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 361448103 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Dimensional Fund Advisors LP 30-0447847 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware Limited Partnership NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 2,160,660 ** see Note 1 ** 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 2,202,403 ** see Note 1 ** 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,202,403 ** see Note 1 ** 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.2% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer GATX Corp (b) Address of Issuer's Principal Executive Offices 222 West Adams Street, Chicago, IL 60606 Item 2. (a) Name of Person Filing Dimensional Fund Advisors LP (b) Address of Principal Business Office or, if None, Residence 6300 Bee Cave Road, Building One, Austin, TX 78746 (c) Citizenship Delaware Limited Partnership (d) Title of Class of Securities Common Stock (e) CUSIP Number 361448103 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: 2,202,403 ** see Note 1 ** (b) Percent of Class: 6.2% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 2,160,660 ** see Note 1 ** (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 2,202,403 ** see Note 1 ** (iv) shared power to dispose or to direct the disposition of 0 ** Note 1 ** Dimensional Fund Advisors LP, an investment adviser registered under Section 203 of the Investment Advisors Act of 1940, furnishes investment advice to four investment companies registered under the Investment Company Act of 1940, and serves as investment manager or sub-adviser to certain other commingled funds, group trusts and separate accounts (such investment companies, trusts and accounts, collectively referred to as the "Funds"). In certain cases, subsidiaries of Dimensional Fund Advisors LP may act as an adviser or sub-adviser to certain Funds. In its role as investment advisor, sub-adviser and/or manager, Dimensional Fund Advisors LP or its subsidiaries (collectively, "Dimensional") may possess voting and/or investment power over the securities of the Issuer that are owned by the Funds, and may be deemed to be the beneficial owner of the shares

View Full Filing

View this SC 13G/A filing on SEC EDGAR