GATX (NYSE:GATX) VP Robert Zmudka Sells 5,200 Shares

GATX Corporation (NYSE:GATX) VP Robert Zmudka sold 5,200 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $192.61, for a total transaction of $1,001,572.00. Following the transaction, the vice president owned 7,493 shares of the company’s stock, valued at $1,443,226.73. This represents a 40.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

GATX Price Performance

NYSE:GATX traded down $0.88 during trading hours on Tuesday, hitting $195.11. 250,295 shares of the stock were exchanged, compared to its average volume of 202,389. The company has a market cap of $6.93 billion, a P/E ratio of 21.39 and a beta of 1.19. The firm’s fifty day moving average price is $180.66 and its 200 day moving average price is $170.33. GATX Corporation has a 52-week low of $139.44 and a 52-week high of $199.00. The company has a current ratio of 16.31, a quick ratio of 16.31 and a debt-to-equity ratio of 3.45.

GATX (NYSE:GATX) last issued its quarterly earnings results on Thursday, February 19th. The transportation company reported $2.44 EPS for the quarter, topping 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 firm had revenue of $449.00 million during the quarter, compared to analysts’ expectations of $443.67 million. During the same period in the previous year, the business earned $1.93 earnings per share. The firm’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. As a group, equities research analysts anticipate that GATX Corporation will post 8.5 EPS for the current fiscal year.

GATX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 2nd will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.4%. This is a positive change from GATX’s previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 2nd. GATX’s dividend payout ratio (DPR) is currently 26.75%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Susquehanna upped their price objective on shares of GATX from $212.00 to $220.00 and gave the company a “positive” rating in a research note on Friday. Citigroup cut GATX from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $197.00 to $210.00 in a report on Tuesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GATX in a report on Thursday, January 22nd. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $204.00 price objective on shares of GATX in a research note on Wednesday, January 14th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $211.33.

Institutional Trading of GATX

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its position in GATX by 270,265.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 640,765 shares of the transportation company’s stock valued at $108,674,000 after buying an additional 640,528 shares during the last quarter. Norges Bank acquired a new stake in shares of GATX during the fourth quarter valued at about $86,241,000. Alliancebernstein L.P. raised its stake in shares of GATX by 681.7% in the 3rd quarter. Alliancebernstein L.P. now owns 574,333 shares of the transportation company’s stock valued at $100,393,000 after acquiring an additional 500,857 shares during the period. Squarepoint Ops LLC lifted its holdings in shares of GATX by 429.5% in the 2nd quarter. Squarepoint Ops LLC now owns 187,835 shares of the transportation company’s stock worth $28,844,000 after acquiring an additional 152,361 shares during the last quarter. Finally, Encompass Capital Advisors LLC purchased a new position in shares of GATX during the 2nd quarter worth approximately $23,025,000. 93.14% of the stock is currently owned by hedge funds and other 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.