GATX (NYSE:GATX) VP Sells $444,000.00 in Stock

GATX Corporation (NYSE:GATX) VP Geoffrey Phillips sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $177.60, for a total transaction of $444,000.00. Following the completion of the transaction, the vice president owned 1 shares of the company’s stock, valued at $177.60. The trade was a 99.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

GATX Price Performance

Shares of NYSE GATX traded up $1.27 during trading hours on Friday, hitting $178.13. 185,846 shares of the stock were exchanged, compared to its average volume of 213,559. The company’s fifty day simple moving average is $178.52 and its two-hundred day simple moving average is $179.12. The company has a market cap of $6.29 billion, a PE ratio of 17.64 and a beta of 1.17. The company has a debt-to-equity ratio of 3.44, a quick ratio of 3.90 and a current ratio of 3.90. GATX Corporation has a 1-year low of $150.42 and a 1-year high of $205.56.

GATX (NYSE:GATX) last announced its quarterly earnings data on Thursday, July 30th. The transportation company reported $2.84 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 business had revenue of $580.10 million during the quarter, compared to the consensus estimate of $598.77 million. During the same period in the previous year, the business earned $2.06 earnings per share. The company’s revenue was up 34.8% on a year-over-year basis. GATX has set its FY 2026 guidance at 9.900-10.30 EPS. On average, sell-side analysts predict that GATX Corporation will post 10.1 EPS for the current year.

GATX Announces Dividend

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

Analyst Ratings Changes

Several analysts recently weighed in on the company. Citigroup raised their price objective on GATX from $214.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Susquehanna boosted their target price on GATX from $218.00 to $220.00 and gave the stock a “positive” rating in a research note on Friday, July 31st. Finally, Weiss Ratings raised shares of GATX from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, September 4th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $219.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Tidal Investments LLC lifted its stake in shares of GATX by 23.7% in the 2nd quarter. Tidal Investments LLC now owns 6,675 shares of the transportation company’s stock valued at $1,183,000 after acquiring an additional 1,277 shares during the last quarter. NorthRock Partners LLC bought a new stake in GATX during the 2nd quarter worth $234,000. Baird Financial Group Inc. grew its position in GATX by 11.5% during the 2nd quarter. Baird Financial Group Inc. now owns 1,792 shares of the transportation company’s stock worth $318,000 after acquiring an additional 185 shares during the last quarter. Nykredit A S acquired a new position in GATX in the 2nd quarter worth about $238,000. Finally, Amundi raised its position in GATX by 7.9% in the second quarter. Amundi now owns 9,528 shares of the transportation company’s stock valued at $1,688,000 after purchasing an additional 700 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors and hedge funds.

About GATX

GATX Corporation is a global railcar leasing company that owns, manages and leases freight railcars to shippers, railroads and other transportation companies. Its fleet serves a range of industries, including energy, chemicals, agriculture, food products and general manufacturing. GATX also provides related services such as railcar maintenance, repair, refurbishment and fleet management.

The company operates primarily through GATX Rail North America and GATX Rail Europe, with additional railcar leasing activities in India.