GATX (NYSE:GATX) Hits New 12-Month High – Here’s What Happened

GATX Corporation (NYSE:GATX)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $180.33 and last traded at $179.8750, with a volume of 30427 shares changing hands. The stock had previously closed at $179.47.

Analysts Set New Price Targets

Several brokerages have weighed in on GATX. Susquehanna boosted their price objective on GATX from $190.00 to $192.00 and gave the stock 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. The Goldman Sachs Group restated a “buy” rating and set a $204.00 price target on shares of GATX in a report on Wednesday, January 14th. Finally, Citigroup raised their price target on GATX from $192.00 to $198.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $198.00.

GATX Price Performance

The stock’s 50 day moving average price is $167.31 and its 200-day moving average price is $164.58. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 3.26. The stock has a market capitalization of $6.39 billion, a PE ratio of 20.91 and a beta of 1.16.

GATX (NYSE:GATX) last released its quarterly earnings data on Tuesday, October 21st. The transportation company reported $2.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.32 by ($0.22). The company had revenue of $439.30 million during the quarter, compared to analysts’ expectations of $435.21 million. GATX had a net margin of 18.35% and a return on equity of 11.62%. GATX’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the firm earned $2.43 earnings per share. As a group, equities analysts forecast that GATX Corporation will post 8.5 EPS for the current year.

GATX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a $0.61 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $2.44 annualized dividend and a yield of 1.4%. GATX’s dividend payout ratio is 28.50%.

Insider Buying and Selling

In other GATX news, SVP Aken Jennifer Van sold 1,800 shares of GATX stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $164.15, for a total transaction of $295,470.00. Following the completion of the sale, the senior vice president directly owned 5,912 shares of the company’s stock, valued at $970,454.80. The trade was a 23.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.17% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Park Avenue Securities LLC purchased a new stake in shares of GATX during the second quarter valued at about $783,000. HB Wealth Management LLC bought a new position in shares of GATX during the 2nd quarter worth approximately $222,000. Triasima Portfolio Management inc. lifted its position in GATX by 66.9% during the second quarter. Triasima Portfolio Management inc. now owns 24,176 shares of the transportation company’s stock valued at $3,712,000 after acquiring an additional 9,690 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in GATX during the second quarter valued at approximately $2,244,000. Finally, Charter Capital Management LLC DE acquired a new stake in GATX in the third quarter valued at approximately $515,000. 93.14% of the stock is owned by institutional investors.

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.