GATX (NYSE:GATX) VP Geoffrey Phillips Sells 2,500 Shares of Stock

GATX Corporation (NYSE:GATX) VP Geoffrey Phillips sold 2,500 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $177.60, for a total value of $444,000.00. Following the sale, the vice president directly owned 1 shares in the company, valued at $177.60. This trade represents a 99.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

GATX Stock Performance

Shares of GATX opened at $178.13 on Friday. The stock has a 50 day moving average price of $178.62 and a 200 day moving average price of $179.12. 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 company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 17.64 and a beta of 1.17. GATX Corporation has a 52-week low of $150.42 and a 52-week high of $205.56.

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

GATX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 15th. GATX’s dividend payout ratio (DPR) is 26.14%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GATX. AQR Capital Management LLC boosted its stake in shares of GATX by 21.3% during the first quarter. AQR Capital Management LLC now owns 7,716 shares of the transportation company’s stock worth $1,198,000 after buying an additional 1,357 shares during the period. Millennium Management LLC increased its position in GATX by 54.9% in the 1st quarter. Millennium Management LLC now owns 58,011 shares of the transportation company’s stock valued at $9,007,000 after acquiring an additional 20,569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in GATX by 1.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 116,834 shares of the transportation company’s stock valued at $18,141,000 after acquiring an additional 1,968 shares during the last quarter. Jane Street Group LLC raised its stake in GATX by 280.6% during the 1st quarter. Jane Street Group LLC now owns 53,690 shares of the transportation company’s stock valued at $8,336,000 after acquiring an additional 39,582 shares during the last quarter. Finally, Invesco Ltd. raised its stake in GATX by 104.7% during the 2nd quarter. Invesco Ltd. now owns 113,613 shares of the transportation company’s stock valued at $17,446,000 after acquiring an additional 58,100 shares during the last quarter. 93.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on GATX shares. Susquehanna boosted their price target on shares of GATX from $218.00 to $220.00 and gave the company a “positive” rating in a research report on Friday, July 31st. Citigroup raised their price objective on GATX from $214.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Finally, Weiss Ratings upgraded GATX from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, September 4th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, GATX currently has a consensus rating of “Buy” and an average price target of $219.00.

GATX Company Profile

GATX Corporation is a global railcar leasing company that owns, manages and leases freight railcars to shippers, railroads and other transportation companies. Its fleet serves a range of industries, including energy, chemicals, agriculture, food products and general manufacturing. GATX also provides related services such as railcar maintenance, repair, refurbishment and fleet management.

The company operates primarily through GATX Rail North America and GATX Rail Europe, with additional railcar leasing activities in India.