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

GATX Corporation (NYSE:GATX) SVP Eren Doygun sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $179.52, for a total transaction of $179,520.00. Following the transaction, the senior vice president owned 5,323 shares in the company, valued at approximately $955,584.96. The trade was a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

GATX Trading Up 0.0%

Shares of NYSE:GATX traded up $0.04 during trading on Thursday, hitting $178.53. 141,236 shares of the company’s stock were exchanged, compared to its average volume of 207,309. The company has a current ratio of 3.90, a quick ratio of 3.90 and a debt-to-equity ratio of 3.44. The firm has a market cap of $6.30 billion, a P/E ratio of 17.68 and a beta of 1.17. The firm has a 50-day moving average price of $178.77 and a two-hundred day moving average price of $180.17. 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.38. The firm 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 for the quarter was up 34.8% on a year-over-year basis. During the same period last year, the firm earned $2.06 earnings per share. GATX has set its FY 2026 guidance at 9.900-10.30 EPS. Equities analysts predict that GATX Corporation will post 10.1 earnings per share for the current year.

GATX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid 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%.

Institutional Trading of GATX

Several hedge funds have recently bought and sold shares of the stock. Amundi increased its position in shares of GATX by 7.9% during the second quarter. Amundi now owns 9,528 shares of the transportation company’s stock worth $1,688,000 after acquiring an additional 700 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of GATX during the second quarter worth about $390,000. California State Teachers Retirement System boosted its position in shares of GATX by 18,352.5% during the second quarter. California State Teachers Retirement System now owns 6,935,748 shares of the transportation company’s stock worth $1,228,945,000 after buying an additional 6,898,161 shares during the period. HB Wealth Management LLC grew its holdings in shares of GATX by 3.6% during the second quarter. HB Wealth Management LLC now owns 1,806 shares of the transportation company’s stock worth $320,000 after buying an additional 63 shares in the last quarter. Finally, AlphaGrep UK Ltd bought a new position in shares of GATX during the second quarter worth about $559,000. 93.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GATX has been the topic of a number of recent analyst reports. Weiss Ratings cut GATX from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 12th. Susquehanna lifted their price objective on shares of 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 issued a $222.00 target price on shares of GATX in a research note on Thursday, May 7th. Finally, Citigroup increased their target price on shares of GATX from $214.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $219.00.

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.