GATX (NYSE:GATX) Sets New 12-Month High at $142.48

GATX Co. (NYSE:GATX)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $142.48 and last traded at $142.31, with a volume of 24658 shares trading hands. The stock had previously closed at $136.34.

Analysts Set New Price Targets

Separately, Susquehanna lifted their price objective on GATX from $120.00 to $122.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th.

GATX Price Performance

The stock has a market cap of $5.09 billion, a P/E ratio of 19.43 and a beta of 0.96. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 3.28. The company has a 50 day simple moving average of $133.41 and a 200 day simple moving average of $128.77.

GATX (NYSE:GATX) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.29. The company had revenue of $379.90 million for the quarter, compared to analysts’ expectations of $375.80 million. GATX had a return on equity of 11.29% and a net margin of 17.64%. The business’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.20 EPS. Sell-side analysts forecast that GATX Co. will post 7.5 earnings per share for the current fiscal year.

GATX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, June 30th. Investors of record on Friday, June 14th were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, June 14th. GATX’s payout ratio is presently 33.05%.

Insider Buying and Selling

In related news, VP Robert Zmudka sold 4,800 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $139.66, for a total transaction of $670,368.00. Following the transaction, the vice president now directly owns 7,493 shares of the company’s stock, valued at approximately $1,046,472.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other GATX news, EVP Paul F. Titterton sold 9,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $139.37, for a total value of $1,254,330.00. Following the transaction, the executive vice president now directly owns 11,373 shares of the company’s stock, valued at approximately $1,585,055.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Robert Zmudka sold 4,800 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $139.66, for a total value of $670,368.00. Following the completion of the transaction, the vice president now directly owns 7,493 shares in the company, valued at $1,046,472.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,800 shares of company stock valued at $2,056,678. 1.99% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Walleye Capital LLC bought a new position in shares of GATX in the third quarter worth $6,698,000. Graham Capital Management L.P. increased its position in shares of GATX by 300.8% in the third quarter. Graham Capital Management L.P. now owns 6,400 shares of the transportation company’s stock worth $697,000 after purchasing an additional 4,803 shares during the period. American Century Companies Inc. boosted its stake in GATX by 22.6% in the third quarter. American Century Companies Inc. now owns 468,726 shares of the transportation company’s stock valued at $51,011,000 after buying an additional 86,501 shares in the last quarter. Headinvest LLC acquired a new stake in GATX in the third quarter valued at about $33,000. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in GATX by 95.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 11,906 shares of the transportation company’s stock valued at $1,295,000 after buying an additional 5,824 shares in the last quarter. 93.14% of the stock is owned by institutional investors and hedge funds.

About GATX

GATX Corporation, together its subsidiaries, operates as railcar leasing company in the United States, Canada, Mexico, Europe, and India. It operates through three segments: Rail North America, Rail International, and Portfolio Management. The company leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.