Eren Doygun Sells 1,000 Shares of GATX (NYSE:GATX) Stock

GATX Corporation (NYSE:GATX) SVP Eren Doygun sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $179.52, for a total transaction of $179,520.00. Following the completion of the sale, the senior vice president owned 5,323 shares of the company’s stock, valued at $955,584.96. This trade represents a 15.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

GATX Price Performance

Shares of NYSE GATX opened at $177.55 on Friday. The company has a quick ratio of 3.90, a current ratio of 3.90 and a debt-to-equity ratio of 3.44. The business’s 50 day moving average price is $178.78 and its two-hundred day moving average price is $180.15. The company has a market cap of $6.27 billion, a PE ratio of 17.58 and a beta of 1.17. GATX Corporation has a twelve month low of $150.42 and a twelve month high of $205.56.

GATX (NYSE:GATX) last released its quarterly earnings data on Thursday, July 30th. The transportation company reported $2.84 earnings per share (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%.The business’s revenue was up 34.8% on a year-over-year basis. During the same period last year, the firm posted $2.06 earnings per share. GATX has set its FY 2026 guidance at 9.900-10.30 EPS. On average, analysts predict that GATX Corporation will post 10.1 EPS for the current year.

GATX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 15th. GATX’s payout ratio is currently 26.14%.

Analysts Set New Price Targets

Several brokerages recently commented on GATX. Citigroup lifted their target price on shares of GATX from $214.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Weiss Ratings downgraded shares of GATX from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, August 12th. The Goldman Sachs Group restated a “buy” rating and set a $222.00 price objective on shares of GATX in a report on Thursday, May 7th. Finally, Susquehanna increased their target price on GATX from $218.00 to $220.00 and gave the stock a “positive” rating in a research note on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, GATX presently has an average rating of “Buy” and a consensus price target of $219.00.

Institutional Trading of GATX

Large investors have recently modified their holdings of the stock. Northwestern Mutual Investment Management Company LLC increased its position in shares of GATX by 0.7% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 7,988 shares of the transportation company’s stock worth $1,355,000 after purchasing an additional 53 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in GATX by 0.8% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 6,310 shares of the transportation company’s stock worth $1,070,000 after buying an additional 53 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in GATX by 8.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 702 shares of the transportation company’s stock worth $119,000 after buying an additional 55 shares in the last quarter. HB Wealth Management LLC increased its holdings in GATX by 3.6% in the 2nd quarter. HB Wealth Management LLC now owns 1,806 shares of the transportation company’s stock valued at $320,000 after buying an additional 63 shares during the period. Finally, Assetmark Inc. increased its holdings in GATX by 50.8% in the 1st quarter. Assetmark Inc. now owns 196 shares of the transportation company’s stock valued at $33,000 after buying an additional 66 shares during the period. 93.14% of the stock is owned by institutional investors and hedge funds.

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.