Key Points
- Aken Jennifer Van, GATX SVP, sold 1,800 shares on Dec. 10 at an average of $164.15 for about $295,470, trimming her stake by 23.34% to 5,912 shares valued near $970,455.
- GATX reported quarterly EPS of $2.10 (below the $2.32 estimate) with revenue of $439.3M, and set FY2025 guidance of $8.50–$8.90 EPS while analysts hold a consensus "Buy" rating and a $192 price target.
- The company declared a quarterly dividend of $0.61 ($2.44 annualized, 1.4% yield) payable Dec. 31 to holders of record on Dec. 15, with a payout ratio of 28.5%.
GATX Corporation (NYSE:GATX - Get Free Report) SVP Aken Jennifer Van sold 1,800 shares of the company's stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $164.15, for a total value of $295,470.00. Following the transaction, the senior vice president directly owned 5,912 shares in the company, valued at $970,454.80. This represents a 23.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
GATX Price Performance
Shares of NYSE GATX opened at $169.78 on Friday. GATX Corporation has a fifty-two week low of $139.44 and a fifty-two week high of $178.26. The company has a market cap of $6.06 billion, a PE ratio of 19.83 and a beta of 1.17. The company has a debt-to-equity ratio of 3.26, a quick ratio of 3.81 and a current ratio of 3.81. The business has a 50-day simple moving average of $162.53 and a two-hundred day simple moving average of $160.79.
GATX (NYSE:GATX - Get Free Report) last announced its quarterly earnings data on Tuesday, October 21st. The transportation company reported $2.10 EPS for the quarter, missing the consensus estimate of $2.32 by ($0.22). GATX had a net margin of 18.35% and a return on equity of 11.62%. The company had revenue of $439.30 million during the quarter, compared to analysts' expectations of $435.21 million. During the same period in the previous year, the business earned $2.43 earnings per share. The business's revenue for the quarter was up 8.4% compared to the same quarter last year. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. As a group, equities analysts expect that GATX Corporation will post 8.5 EPS for the current fiscal year.
GATX Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, December 15th. GATX's dividend payout ratio is presently 28.50%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Cetera Investment Advisers boosted its position in GATX by 46.8% in the 1st quarter. Cetera Investment Advisers now owns 4,965 shares of the transportation company's stock worth $771,000 after purchasing an additional 1,582 shares in the last quarter. LPL Financial LLC increased its holdings in shares of GATX by 1.0% during the 1st quarter. LPL Financial LLC now owns 13,974 shares of the transportation company's stock valued at $2,170,000 after purchasing an additional 143 shares in the last quarter. Atria Wealth Solutions Inc. lifted its stake in shares of GATX by 85.9% in the 1st quarter. Atria Wealth Solutions Inc. now owns 4,085 shares of the transportation company's stock valued at $634,000 after purchasing an additional 1,888 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in GATX by 19.6% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,301 shares of the transportation company's stock worth $978,000 after buying an additional 1,032 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in GATX during the first quarter valued at $15,395,000. 93.14% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the company. Susquehanna boosted their price target on GATX from $190.00 to $192.00 and gave the company a "positive" rating in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a "buy (b)" rating on shares of GATX in a report on Wednesday, October 8th. Finally, Citigroup raised their price target on shares of GATX from $191.00 to $192.00 and gave the stock a "buy" rating in a research report on Monday, November 24th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, GATX has an average rating of "Buy" and a consensus price target of $192.00.
Read Our Latest Research Report on GATX
About GATX
(
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GATX Corporation, together its subsidiaries, operates as railcar leasing company in the United States, Canada, Mexico, Europe, and India. It operates through three segments: Rail North America, Rail International, and Portfolio Management. The company leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.
Further Reading
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