GATX (NYSE:GATX) Sets New 12-Month High at $128.25

Posted by Defense World Staff on Jun 18th, 2023

GATX Co. (NYSE:GATX – Get Rating)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $128.25 and last traded at $127.41, with a volume of 50208 shares changing hands. The stock had previously closed at $127.46.

Analyst Ratings Changes

Several equities analysts have recently commented on GATX shares. Sidoti started coverage on GATX in a research report on Tuesday, March 14th. They issued a “buy” rating on the stock. Susquehanna boosted their price objective on GATX from $115.00 to $118.00 in a research report on Wednesday, April 26th. Finally, StockNews.com began coverage on GATX in a report on Thursday, May 18th. They issued a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, GATX presently has a consensus rating of “Moderate Buy” and an average price target of $118.33.

GATX Stock Down 1.9 %

The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 3.04. The company has a fifty day moving average price of $116.31 and a 200-day moving average price of $111.66. The stock has a market capitalization of $4.41 billion, a P/E ratio of 28.41 and a beta of 1.04.

GATX (NYSE:GATX – Get Rating) last issued its earnings results on Tuesday, April 25th. The transportation company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.76. GATX had a return on equity of 10.53% and a net margin of 12.16%. The firm had revenue of $338.90 million for the quarter, compared to analysts’ expectations of $353.98 million. As a group, research analysts forecast that GATX Co. will post 6.8 EPS for the current fiscal year.

GATX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $2.20 annualized dividend and a yield of 1.76%. GATX’s payout ratio is currently 50.00%.

Insiders Place Their Bets

In other GATX news, VP Jennifer Mcmanus sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $120.61, for a total transaction of $120,610.00. Following the sale, the vice president now directly owns 1,582 shares of the company’s stock, valued at $190,805.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Paul F. Titterton sold 8,100 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $119.84, for a total transaction of $970,704.00. Following the transaction, the executive vice president now owns 11,373 shares of the company’s stock, valued at $1,362,940.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Jennifer Mcmanus sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $120.61, for a total value of $120,610.00. Following the transaction, the vice president now directly owns 1,582 shares in the company, valued at approximately $190,805.02. The disclosure for this sale can be found here. Insiders have sold 11,700 shares of company stock valued at $1,414,832 over the last ninety days. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Orion Capital Management LLC bought a new position in shares of GATX during the first quarter valued at approximately $28,000. Ellevest Inc. grew its stake in shares of GATX by 114.4% during the fourth quarter. Ellevest Inc. now owns 506 shares of the transportation company’s stock valued at $54,000 after buying an additional 270 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of GATX by 489.1% during the third quarter. Bessemer Group Inc. now owns 760 shares of the transportation company’s stock valued at $65,000 after buying an additional 631 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of GATX in the first quarter valued at approximately $89,000. Finally, Advisory Services Network LLC boosted its holdings in shares of GATX by 125.7% in the first quarter. Advisory Services Network LLC now owns 844 shares of the transportation company’s stock valued at $93,000 after purchasing an additional 470 shares during the period. Institutional investors own 99.10% of the company’s stock.

About GATX

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GATX Corp. engages in leasing and owning railcar and fleets in North America, Europe and Asia. It operates through the following segments: Rail North America, Rail International, and Portfolio Management. The Rail North America segment provides railcars pursuant to full-service leases under which it maintains the railcars and provides other ancillary services.