GATX Corporation (NYSE:GATX) Short Interest Update

GATX Corporation (NYSE:GATX) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 887,441 shares, a drop of 16.9% from the December 15th total of 1,068,422 shares. Based on an average daily volume of 161,807 shares, the short-interest ratio is presently 5.5 days. Currently, 2.5% of the shares of the company are sold short. Currently, 2.5% of the shares of the company are sold short. Based on an average daily volume of 161,807 shares, the short-interest ratio is presently 5.5 days.

Insider Transactions at GATX

In other GATX news, SVP Aken Jennifer Van sold 1,800 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $164.15, for a total value of $295,470.00. Following the sale, the senior vice president directly owned 5,912 shares in the company, valued at $970,454.80. The trade was a 23.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.17% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC raised its stake in GATX by 21.3% in the first quarter. AQR Capital Management LLC now owns 7,716 shares of the transportation company’s stock valued at $1,198,000 after purchasing an additional 1,357 shares in the last quarter. Millennium Management LLC raised its position in shares of GATX by 54.9% during the 1st quarter. Millennium Management LLC now owns 58,011 shares of the transportation company’s stock valued at $9,007,000 after buying an additional 20,569 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of GATX by 1.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 116,834 shares of the transportation company’s stock valued at $18,141,000 after buying an additional 1,968 shares in the last quarter. Jane Street Group LLC grew its position in GATX by 280.6% in the first quarter. Jane Street Group LLC now owns 53,690 shares of the transportation company’s stock worth $8,336,000 after acquiring an additional 39,582 shares in the last quarter. Finally, Strs Ohio purchased a new position in GATX in the first quarter worth $559,000. 93.14% of the stock is currently owned by institutional investors.

GATX Stock Performance

GATX stock opened at $179.45 on Tuesday. GATX has a 1-year low of $139.44 and a 1-year high of $179.70. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 3.26. The firm has a market capitalization of $6.41 billion, a PE ratio of 20.96 and a beta of 1.16. The firm’s 50 day simple moving average is $167.31 and its 200 day simple moving average is $164.58.

GATX (NYSE:GATX) last released its quarterly earnings results on Tuesday, October 21st. The transportation company reported $2.10 EPS for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.22). GATX had a net margin of 18.35% and a return on equity of 11.62%. The firm had revenue of $439.30 million for the quarter, compared to analysts’ expectations of $435.21 million. During the same quarter last year, the firm earned $2.43 earnings per share. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. As a group, analysts expect that GATX will post 8.5 earnings per share for the current fiscal year.

GATX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a $0.61 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $2.44 annualized dividend and a dividend yield of 1.4%. GATX’s dividend payout ratio (DPR) is presently 28.50%.

Analyst Ratings Changes

A number of brokerages have weighed in on GATX. Weiss Ratings reiterated a “buy (b)” rating on shares of GATX in a research report on Wednesday, October 8th. Citigroup raised their price objective on shares of GATX from $192.00 to $198.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. The Goldman Sachs Group reissued a “buy” rating and set a $204.00 target price on shares of GATX in a report on Wednesday, January 14th. Finally, Susquehanna increased their target price on GATX from $190.00 to $192.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $198.00.

GATX Company 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.