Jeffery Young Sells 2,595 Shares of GATX (NYSE:GATX) Stock

GATX Corporation (NYSE:GATX) SVP Jeffery Young sold 2,595 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $196.29, for a total transaction of $509,372.55. Following the transaction, the senior vice president owned 7,700 shares in the company, valued at approximately $1,511,433. This represents a 25.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

GATX Stock Performance

Shares of NYSE:GATX opened at $188.96 on Thursday. The company has a market capitalization of $6.71 billion, a price-to-earnings ratio of 20.72 and a beta of 1.19. GATX Corporation has a 52 week low of $139.44 and a 52 week high of $199.00. The company has a quick ratio of 16.31, a current ratio of 16.31 and a debt-to-equity ratio of 3.45. The firm has a 50 day moving average of $181.53 and a 200 day moving average of $170.77.

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

GATX Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GATX. Weiss Ratings reiterated a “buy (b)” rating on shares of GATX in a report on Thursday, January 22nd. Susquehanna boosted 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. The Goldman Sachs Group reissued a “buy” rating and set a $204.00 target price 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 lifted their price target for the stock 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $211.33.

Hedge Funds Weigh In On GATX

Hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its position in GATX by 270,265.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 640,765 shares of the transportation company’s stock worth $108,674,000 after purchasing an additional 640,528 shares during the last quarter. Norges Bank acquired a new stake in shares of GATX during the fourth quarter worth $86,241,000. Alliancebernstein L.P. lifted its stake in shares of GATX by 681.7% during the third quarter. Alliancebernstein L.P. now owns 574,333 shares of the transportation company’s stock worth $100,393,000 after buying an additional 500,857 shares during the period. Squarepoint Ops LLC grew its holdings in shares of GATX by 429.5% during the second quarter. Squarepoint Ops LLC now owns 187,835 shares of the transportation company’s stock valued at $28,844,000 after buying an additional 152,361 shares during the last quarter. Finally, Encompass Capital Advisors LLC acquired a new position in shares of GATX in the 2nd quarter valued at $23,025,000. 93.14% of the stock is owned by hedge funds and other institutional investors.

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.