GATX (NYSE:GATX) Reaches New 52-Week High – Time to Buy?
by Jessica Moore · The Cerbat GemShares of GATX Corporation (NYSE:GATX – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $178.60 and last traded at $178.5220, with a volume of 543 shares traded. The stock had previously closed at $177.85.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on GATX shares. Susquehanna boosted their price objective on shares of GATX from $190.00 to $192.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Weiss Ratings restated a “buy (b)” rating on shares of GATX in a report on Wednesday, October 8th. Finally, Citigroup lifted their target price on GATX from $192.00 to $198.00 and gave the company a “buy” rating in a research report on Tuesday. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, GATX presently has a consensus rating of “Buy” and a consensus price target of $195.00.
View Our Latest Stock Analysis on GATX
GATX Price Performance
The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 3.26. The firm has a market capitalization of $6.27 billion, a price-to-earnings ratio of 20.44 and a beta of 1.16. The company’s 50 day moving average is $164.14 and its 200-day moving average is $163.42.
GATX (NYSE:GATX – Get Free Report) last released its quarterly earnings data on Tuesday, October 21st. The transportation company reported $2.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.32 by ($0.22). GATX had a net margin of 18.35% and a return on equity of 11.62%. The business had revenue of $439.30 million during the quarter, compared to the consensus estimate of $435.21 million. During the same quarter in the prior year, the company earned $2.43 EPS. GATX’s quarterly revenue was up 8.4% on a year-over-year basis. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. Equities research analysts anticipate that GATX Corporation will post 8.5 earnings per share for the current year.
GATX Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, December 15th. GATX’s payout ratio is 28.50%.
Insider Buying and Selling at GATX
In other news, SVP Aken Jennifer Van sold 1,800 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $164.15, for a total transaction of $295,470.00. Following the completion of the sale, the senior vice president owned 5,912 shares in the company, valued at approximately $970,454.80. This trade represents a 23.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.17% of the stock is owned by insiders.
Institutional Trading of GATX
Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its holdings in shares of GATX by 0.5% during 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 during the period. American Century Companies Inc. grew its position in GATX by 5.1% during the third quarter. American Century Companies Inc. now owns 1,137,000 shares of the transportation company’s stock worth $198,748,000 after buying an additional 55,609 shares in the last quarter. Sei Investments Co. increased its stake in GATX by 2.8% during the 3rd quarter. Sei Investments Co. now owns 949,877 shares of the transportation company’s stock worth $166,038,000 after acquiring an additional 25,440 shares during the period. Geode Capital Management LLC raised its holdings in GATX by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 879,139 shares of the transportation company’s stock valued at $135,017,000 after acquiring an additional 6,612 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of GATX by 681.7% during the 3rd quarter. Alliancebernstein L.P. now owns 574,333 shares of the transportation company’s stock valued at $100,393,000 after acquiring an additional 500,857 shares during the period. Institutional investors and hedge funds own 93.14% of the company’s stock.
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.