Geoffrey Phillips Sells 2,500 Shares of GATX (NYSE:GATX) Stock

GATX Corporation (NYSE:GATX) VP Geoffrey Phillips sold 2,500 shares of GATX stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $177.60, for a total value of $444,000.00. Following the completion of the transaction, the vice president owned 1 shares of the company’s stock, valued at approximately $177.60. The trade was a 99.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

GATX Stock Performance

GATX stock opened at $178.13 on Friday. The stock’s 50 day simple moving average is $178.62 and its 200 day simple moving average is $179.12. GATX Corporation has a 12-month low of $150.42 and a 12-month high of $205.56. The firm has a market cap of $6.29 billion, a P/E ratio of 17.64 and a beta of 1.17. The company has a current ratio of 3.90, a quick ratio of 3.90 and a debt-to-equity ratio of 3.44.

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

GATX Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Susquehanna raised their target price on shares of GATX from $218.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, July 31st. Citigroup raised their target price on GATX from $214.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings raised shares of GATX from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, September 4th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $219.00.

Institutional Investors Weigh In On GATX

A number of hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System grew its holdings in GATX by 18,352.5% in the 2nd quarter. California State Teachers Retirement System now owns 6,935,748 shares of the transportation company’s stock worth $1,228,945,000 after buying an additional 6,898,161 shares in the last quarter. BlackRock Inc. acquired a new position in GATX during the 2nd quarter worth $823,055,000. Dimensional Fund Advisors LP boosted its position in GATX by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,481,900 shares of the transportation company’s stock worth $251,337,000 after acquiring an additional 9,109 shares during the period. Bank of America Corp DE grew its stake in shares of GATX by 0.5% in the second quarter. Bank of America Corp DE now owns 1,219,746 shares of the transportation company’s stock worth $187,304,000 after purchasing an additional 6,104 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of GATX by 0.4% in the fourth quarter. Wellington Management Group LLP now owns 1,011,703 shares of the transportation company’s stock worth $171,585,000 after purchasing an additional 4,406 shares in the last quarter. Institutional investors own 93.14% of the company’s stock.

About GATX

GATX Corporation is a global railcar leasing company that owns, manages and leases freight railcars to shippers, railroads and other transportation companies. Its fleet serves a range of industries, including energy, chemicals, agriculture, food products and general manufacturing. GATX also provides related services such as railcar maintenance, repair, refurbishment and fleet management.

The company operates primarily through GATX Rail North America and GATX Rail Europe, with additional railcar leasing activities in India.