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

GATX Corporation (NYSE:GATX) VP Robert Zmudka sold 5,200 shares of GATX stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $192.61, for a total value of $1,001,572.00. Following the sale, the vice president owned 7,493 shares in the company, valued at $1,443,226.73. This represents a 40.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

GATX Stock Down 0.4%

GATX stock traded down $0.88 on Tuesday, hitting $195.11. 250,295 shares of the stock traded hands, compared to its average volume of 202,389. GATX Corporation has a 1 year low of $139.44 and a 1 year high of $199.00. The firm has a market cap of $6.93 billion, a P/E ratio of 21.39 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 business’s fifty day simple moving average is $180.66 and its 200 day simple moving average is $170.33.

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

GATX Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have commented on GATX. Citigroup lowered GATX from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $197.00 to $210.00 in a report on Tuesday. The Goldman Sachs Group reiterated a “buy” rating and issued a $204.00 price objective on shares of GATX in a report on Wednesday, January 14th. Weiss Ratings restated a “buy (b)” rating on shares of GATX in a research note on Thursday, January 22nd. Finally, Susquehanna raised their price target on shares of GATX from $212.00 to $220.00 and gave the company a “positive” rating in a report on Friday. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, GATX currently has an average rating of “Moderate Buy” and an average price target of $211.33.

Hedge Funds Weigh In On GATX

Several large investors have recently made changes to their positions in the business. Charter Capital Management LLC DE bought a new position in GATX during the third quarter valued at $515,000. JPMorgan Chase & Co. grew its stake in GATX by 5.6% in the second quarter. JPMorgan Chase & Co. now owns 181,659 shares of the transportation company’s stock valued at $27,896,000 after purchasing an additional 9,667 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of GATX during the 2nd quarter valued at $2,244,000. Rhumbline Advisers boosted its stake in GATX by 3.1% in the 2nd quarter. Rhumbline Advisers now owns 120,642 shares of the transportation company’s stock worth $18,526,000 after purchasing an additional 3,589 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in GATX by 179.2% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,591 shares of the transportation company’s stock valued at $2,701,000 after purchasing an additional 11,290 shares during the last quarter. 93.14% of the stock is currently 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.