Insider Selling: GATX (NYSE:GATX) SVP Sells 1,000 Shares

GATX Corporation (NYSE:GATX) SVP Eren Doygun sold 1,000 shares of GATX stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $179.52, for a total transaction of $179,520.00. Following the completion of the sale, the senior vice president owned 5,323 shares in the company, valued at $955,584.96. This trade represents a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

GATX Stock Up 0.0%

GATX traded up $0.04 during trading hours on Thursday, hitting $178.53. 141,236 shares of the company’s stock were exchanged, compared to its average volume of 207,309. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 17.68 and a beta of 1.17. GATX Corporation has a 1-year low of $150.42 and a 1-year high of $205.56. The stock’s 50-day moving average is $178.77 and its two-hundred day moving average is $180.17. The company has a quick ratio of 3.90, a current ratio of 3.90 and a debt-to-equity ratio of 3.44.

GATX (NYSE:GATX) last issued its quarterly earnings results on Thursday, July 30th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the business earned $2.06 EPS. The company’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. Sell-side analysts predict that GATX Corporation will post 10.1 earnings per share for the current fiscal year.

GATX Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC increased its position in GATX by 364.5% during the 3rd quarter. Larson Financial Group LLC now owns 144 shares of the transportation company’s stock worth $25,000 after purchasing an additional 113 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in GATX in the fourth quarter valued at approximately $27,000. Los Angeles Capital Management LLC bought a new stake in shares of GATX during the fourth quarter worth $27,000. Rothschild Investment LLC increased its holdings in shares of GATX by 127.6% during the fourth quarter. Rothschild Investment LLC now owns 173 shares of the transportation company’s stock worth $29,000 after buying an additional 97 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of GATX in the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on GATX. Susquehanna boosted their price target on GATX from $218.00 to $220.00 and gave the stock a “positive” rating in a research report on Friday, July 31st. Citigroup lifted their price objective on shares of GATX from $214.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. The Goldman Sachs Group restated a “buy” rating and set a $222.00 price objective on shares of GATX in a research report on Thursday, May 7th. Finally, Weiss Ratings cut GATX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $219.00.

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.