Brian Glassberg Sells 2,000 Shares of GATX (NYSE:GATX) Stock

GATX Corporation (NYSE:GATX) EVP Brian Glassberg sold 2,000 shares of GATX stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $198.29, for a total value of $396,580.00. Following the completion of the transaction, the executive vice president owned 7,041 shares of the company’s stock, valued at approximately $1,396,159.89. This trade represents a 22.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

GATX Trading Down 3.4%

GATX opened at $188.96 on Thursday. The company has a debt-to-equity ratio of 3.45, a quick ratio of 16.31 and a current ratio of 16.31. The stock’s 50 day moving average price is $181.53 and its 200-day moving average price is $170.77. GATX Corporation has a one year low of $139.44 and a one year high of $199.00. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 20.72 and a beta of 1.19.

GATX (NYSE:GATX) last posted 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. The company had revenue of $449.00 million for 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 last year, the firm posted $1.93 EPS. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. On average, equities analysts forecast that GATX Corporation will post 8.5 EPS for the current year.

GATX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 2nd will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change 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 payout ratio is currently 26.75%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GATX shares. The Goldman Sachs Group reiterated a “buy” rating and set a $204.00 price objective on shares of GATX in a report on Wednesday, January 14th. Citigroup lowered GATX from a “buy” rating to a “neutral” rating and upped their target price for the company from $197.00 to $210.00 in a research report on Tuesday. Susquehanna raised their price target on GATX from $212.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, February 20th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of GATX in a research note on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, GATX currently has an average rating of “Moderate Buy” and a consensus target price of $211.33.

Institutional Trading of GATX

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its holdings in shares of GATX by 364.5% in the third quarter. Larson Financial Group LLC now owns 144 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 113 shares during the period. Ameriflex Group Inc. acquired a new position in GATX in the 3rd quarter valued at about $27,000. Community Bank N.A. purchased a new stake in shares of GATX in the 3rd quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of GATX during the 4th quarter worth approximately $27,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of GATX during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

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.