GATX (NYSE:GATX) CFO Thomas Ellman Sells 18,200 Shares of Stock

GATX Corporation (NYSE:GATX) CFO Thomas Ellman sold 18,200 shares of GATX stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $180.08, for a total value of $3,277,456.00. Following the completion of the sale, the chief financial officer directly owned 34,361 shares of the company’s stock, valued at $6,187,728.88. The trade was a 34.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

GATX Price Performance

GATX stock opened at $177.76 on Friday. The business’s fifty day moving average price is $177.14 and its 200 day moving average price is $180.71. GATX Corporation has a 12-month low of $150.42 and a 12-month high of $205.56. The company has a current ratio of 3.90, a quick ratio of 3.91 and a debt-to-equity ratio of 3.44. The company has a market capitalization of $6.28 billion, a PE ratio of 17.60 and a beta of 1.17.

GATX (NYSE:GATX) last announced its earnings results on Thursday, July 30th. The transportation company reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.46 by $0.38. The company had revenue of $580.10 million during the quarter, compared to analysts’ expectations of $598.77 million. GATX had a return on equity of 10.43% and a net margin of 17.94%.GATX’s revenue for the quarter was up 34.8% on a year-over-year basis. During the same period last year, the business posted $2.06 EPS. GATX has set its FY 2026 guidance at 9.900-10.30 EPS. On average, sell-side analysts anticipate that GATX Corporation will post 10.1 EPS for the current year.

GATX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 15th. GATX’s dividend payout ratio is currently 26.14%.

Institutional Investors Weigh In On GATX

Hedge funds have recently bought and sold shares of the stock. Larson Financial Group LLC grew its position in shares of GATX by 364.5% during the third quarter. Larson Financial Group LLC now owns 144 shares of the transportation company’s stock worth $25,000 after buying an additional 113 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in GATX in the fourth quarter valued at approximately $27,000. Los Angeles Capital Management LLC acquired a new stake in GATX in the fourth quarter valued at approximately $27,000. Rothschild Investment LLC lifted its stake in GATX by 127.6% in the fourth quarter. Rothschild Investment LLC now owns 173 shares of the transportation company’s stock worth $29,000 after acquiring an additional 97 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in GATX by 50.8% in the first quarter. Assetmark Inc. now owns 196 shares of the transportation company’s stock worth $33,000 after acquiring an additional 66 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on GATX shares. The Goldman Sachs Group restated a “buy” rating and issued a $222.00 price objective on shares of GATX in a report on Thursday, May 7th. Susquehanna increased their target price on shares of GATX from $218.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, July 31st. Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a research report on Friday, July 17th. Finally, Citigroup boosted their price target on shares of GATX from $214.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average 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.