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

GATX Corporation (NYSE:GATX) SVP Eren Doygun sold 1,000 shares of GATX stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $179.52, for a total value of $179,520.00. Following the completion of the transaction, the senior vice president owned 5,323 shares in the company, 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 at this hyperlink.

GATX Trading Up 0.0%

NYSE:GATX opened at $178.53 on Friday. GATX Corporation has a 12-month low of $150.42 and a 12-month high of $205.56. The company has a current ratio of 3.90, a quick ratio of 3.90 and a debt-to-equity ratio of 3.44. The stock’s 50 day simple moving average is $178.77 and its 200-day simple moving average is $180.17. The firm has a market cap of $6.30 billion, a P/E ratio of 17.68 and a beta of 1.17.

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

GATX Dividend Announcement

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

Hedge Funds Weigh In On GATX

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of 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 purchasing an additional 640,528 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in GATX by 23.1% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 597,545 shares of the transportation company’s stock worth $102,025,000 after buying an additional 111,935 shares during the period. NFJ Investment Group LLC acquired a new position in GATX during the second quarter worth about $2,435,000. Oppenheimer Asset Management Inc. purchased a new position in GATX in the second quarter valued at about $6,211,000. Finally, Walleye Capital LLC purchased a new position in GATX in the second quarter valued at about $21,691,000. 93.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $222.00 target price on shares of GATX in a report on Thursday, May 7th. Susquehanna raised their price objective 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 lifted their price objective on GATX from $214.00 to $215.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Finally, Weiss Ratings downgraded GATX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, GATX presently has a consensus rating of “Buy” and a consensus target price of $219.00.

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.