Insider Selling: GATX (NYSE:GATX) EVP Sells $396,580.00 in Stock

GATX Corporation (NYSE:GATX) EVP Brian Glassberg sold 2,000 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $198.29, for a total transaction of $396,580.00. Following the completion of the transaction, the executive vice president directly owned 7,041 shares of the company’s stock, valued at $1,396,159.89. This trade represents a 22.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

GATX Trading Down 0.5%

Shares of GATX stock opened at $187.70 on Friday. The firm has a market capitalization of $6.66 billion, a PE ratio of 20.58 and a beta of 1.19. The company has a current ratio of 16.31, a quick ratio of 16.31 and a debt-to-equity ratio of 3.45. The firm’s 50 day moving average is $181.82 and its 200 day moving average is $170.89. GATX Corporation has a 1 year low of $139.44 and a 1 year high of $199.00.

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

GATX Increases Dividend

The company 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 is Monday, March 2nd. This represents a $2.64 dividend on an annualized basis and a yield of 1.4%. This is an increase from GATX’s previous quarterly dividend of $0.61. GATX’s dividend payout ratio is presently 26.75%.

Analyst Upgrades and Downgrades

GATX has been the topic of a number of recent research reports. The Goldman Sachs Group reissued a “buy” rating and set a $204.00 price target on shares of GATX in a research note on Wednesday, January 14th. Citigroup lowered shares of GATX from a “buy” rating to a “neutral” rating and raised their price objective for the company from $197.00 to $210.00 in a report on Tuesday. Susquehanna lifted their target price on shares of GATX from $212.00 to $220.00 and gave the stock a “positive” rating in a research report on Friday, February 20th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.33.

Hedge Funds Weigh In On GATX

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased 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 valued at $108,674,000 after purchasing an additional 640,528 shares during the period. Norges Bank acquired a new stake in shares of GATX during the fourth quarter worth $86,241,000. Alliancebernstein L.P. increased its position 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 raised its stake in GATX by 429.5% during the second quarter. Squarepoint Ops LLC now owns 187,835 shares of the transportation company’s stock worth $28,844,000 after buying an additional 152,361 shares during the last quarter. Finally, Encompass Capital Advisors LLC acquired a new position in GATX in the second quarter valued at $23,025,000. 93.14% of the stock is owned by institutional investors and hedge funds.

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.