Thomas Ellman Sells 18,200 Shares of GATX (NYSE:GATX) Stock

GATX Corporation (NYSE:GATX) CFO Thomas Ellman sold 18,200 shares of GATX stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $180.08, for a total value of $3,277,456.00. Following the transaction, the chief financial officer directly owned 34,361 shares in the company, valued at approximately $6,187,728.88. The trade was a 34.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

GATX Price Performance

Shares of NYSE GATX opened at $177.76 on Friday. GATX Corporation has a twelve month low of $150.42 and a twelve month high of $205.56. The company has a current ratio of 3.90, a quick ratio of 3.91 and a debt-to-equity ratio of 3.44. The firm has a 50-day moving average of $177.14 and a two-hundred day moving average of $180.71. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of 17.60 and a beta of 1.17.

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

GATX Announces Dividend

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

Wall Street Analysts Forecast Growth

GATX has been the subject of several research reports. Susquehanna raised their price objective on GATX from $218.00 to $220.00 and gave the stock a “positive” rating in a research note on Friday, July 31st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $222.00 target price on shares of GATX in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GATX in a report on Friday, July 17th. Finally, Citigroup increased their price target on GATX from $214.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $219.00.

Hedge Funds Weigh In On GATX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in GATX during the 2nd quarter valued at $823,055,000. Dimensional Fund Advisors LP boosted its position in shares of GATX by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,481,900 shares of the transportation company’s stock worth $251,337,000 after buying an additional 9,109 shares during the period. Bank of America Corp DE boosted its position in shares of GATX by 0.5% in the second quarter. Bank of America Corp DE now owns 1,219,746 shares of the transportation company’s stock worth $187,304,000 after buying an additional 6,104 shares during the period. Wellington Management Group LLP grew its holdings in shares of GATX by 0.4% during the fourth quarter. Wellington Management Group LLP now owns 1,011,703 shares of the transportation company’s stock valued at $171,585,000 after buying an additional 4,406 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of GATX by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 885,634 shares of the transportation company’s stock valued at $150,228,000 after buying an additional 3,655 shares in the last quarter. Institutional investors and hedge funds own 93.14% 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.