GATX (NYSE:GATX) VP Sells $1,001,572.00 in Stock

GATX Corporation (NYSE:GATX) VP Robert Zmudka sold 5,200 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $192.61, for a total transaction of $1,001,572.00. Following the sale, the vice president directly owned 7,493 shares of the company’s stock, valued at approximately $1,443,226.73. This trade represents a 40.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

GATX Price Performance

Shares of GATX stock opened at $187.70 on Friday. The firm’s 50 day moving average price is $181.82 and its two-hundred day moving average price is $170.89. The company has a debt-to-equity ratio of 3.45, a quick ratio of 16.31 and a current ratio of 16.31. GATX Corporation has a 52-week low of $139.44 and a 52-week high of $199.00. The stock has a market cap of $6.66 billion, a PE ratio of 20.58 and a beta of 1.19.

GATX (NYSE:GATX) last posted its quarterly earnings results on Thursday, February 19th. The transportation company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.02. GATX had a return on equity of 11.05% and a net margin of 19.15%.The company had revenue of $449.00 million for the quarter, compared to the consensus estimate of $443.67 million. During the same quarter in the prior year, the business posted $1.93 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. As a group, analysts forecast that GATX Corporation will post 8.5 EPS for the current year.

GATX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 2nd will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, March 2nd. This is an increase from GATX’s previous quarterly dividend of $0.61. GATX’s dividend payout ratio is presently 26.75%.

Analyst Upgrades and Downgrades

GATX has been the topic of several recent analyst reports. Susquehanna lifted their price objective on shares of GATX from $212.00 to $220.00 and gave the stock a “positive” rating in a research note on Friday, February 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GATX in a research note on Thursday, January 22nd. The Goldman Sachs Group reissued a “buy” rating and set a $204.00 price target on shares of GATX in a research report on Wednesday, January 14th. Finally, Citigroup lowered shares of GATX from a “buy” rating to a “neutral” rating and boosted their price target for the company from $197.00 to $210.00 in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $211.33.

Hedge Funds Weigh In On GATX

Large investors have recently added to or reduced their stakes in the company. Charter Capital Management LLC DE acquired a new position in shares of GATX during the 3rd quarter worth about $515,000. JPMorgan Chase & Co. lifted its stake in GATX by 5.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 181,659 shares of the transportation company’s stock valued at $27,896,000 after purchasing an additional 9,667 shares during the last quarter. Edgestream Partners L.P. bought a new position in GATX during the second quarter worth about $2,244,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in GATX by 179.2% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,591 shares of the transportation company’s stock worth $2,701,000 after purchasing an additional 11,290 shares during the period. Finally, Rhumbline Advisers increased its position in GATX by 3.1% during the second quarter. Rhumbline Advisers now owns 120,642 shares of the transportation company’s stock worth $18,526,000 after buying an additional 3,589 shares during the last quarter. Institutional investors own 93.14% of the company’s stock.

About GATX

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.