GATX (NYSE:GATX) CFO Sells 18,200 Shares of Stock

GATX Corporation (NYSE:GATX) CFO Thomas Ellman sold 18,200 shares of GATX stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $180.08, for a total transaction of $3,277,456.00. Following the completion of the sale, the chief financial officer owned 34,361 shares in the company, valued at approximately $6,187,728.88. This represents a 34.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

GATX Stock Performance

GATX stock traded down $1.03 during midday trading on Friday, reaching $177.76. 141,028 shares of the stock traded hands, compared to its average volume of 219,661. GATX Corporation has a fifty-two week low of $150.42 and a fifty-two week high of $205.56. The company has a current ratio of 3.90, a quick ratio of 3.91 and a debt-to-equity ratio of 3.44. The firm has a market cap of $6.28 billion, a price-to-earnings ratio of 17.60 and a beta of 1.17. The firm has a fifty day moving average price of $176.96 and a two-hundred day moving average price of $180.73.

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

GATX Announces Dividend

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

Institutional Trading of GATX

Several institutional investors have recently modified their holdings of the company. Northwestern Mutual Investment Management Company LLC boosted its position in shares of GATX by 0.7% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 7,988 shares of the transportation company’s stock valued at $1,355,000 after purchasing an additional 53 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in GATX by 0.8% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 6,310 shares of the transportation company’s stock valued at $1,070,000 after purchasing an additional 53 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in GATX by 8.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 702 shares of the transportation company’s stock worth $119,000 after buying an additional 55 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in GATX by 26.5% in the third quarter. Brown Brothers Harriman & Co. now owns 315 shares of the transportation company’s stock worth $55,000 after buying an additional 66 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its holdings in shares of GATX by 3.1% in the fourth quarter. Kestra Advisory Services LLC now owns 2,200 shares of the transportation company’s stock valued at $373,000 after buying an additional 66 shares in the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GATX. Citigroup increased their price target on GATX from $214.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $222.00 price objective on shares of GATX in a report on Thursday, May 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of GATX in a research report on Friday, July 17th. Finally, Susquehanna raised their target price on shares of GATX from $218.00 to $220.00 and gave the company a “positive” rating in a research note on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target 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.