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

Key Points

• GATX CFO Thomas Ellman sold 18,200 shares at an average price of $180.08, generating $3.28 million and reducing his direct holdings by 34.63% to 34,361 shares.
• GATX shares closed at $177.76, while the company reported quarterly EPS of $2.84, beating estimates by $0.38; revenue rose 34.8% year over year but came in below forecasts.
• The company declared a quarterly dividend of $0.66 per share, equivalent to a 1.5% yield, and analysts maintained a broadly positive outlook with a consensus “Buy” rating and average price target of $219.

GATX Corporation (NYSE:GATX - Get Free Report) 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 directly owned 34,361 shares in the company, valued at approximately $6,187,728.88. The trade was a 34.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

GATX Stock Performance

Shares of GATX stock traded down $1.03 on Friday, reaching $177.76. 141,028 shares of the stock were exchanged, compared to its average volume of 219,661. The firm has a market capitalization of $6.28 billion, a PE ratio of 17.60 and a beta of 1.17. GATX Corporation has a 1-year low of $150.42 and a 1-year high of $205.56. The business has a fifty day moving average price of $176.96 and a two-hundred day moving average price of $180.73. The company has a current ratio of 3.90, a quick ratio of 3.91 and a debt-to-equity ratio of 3.44.

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

GATX Dividend Announcement

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

Analysts Set New Price Targets

GATX has been the subject of several research analyst reports. Susquehanna increased their price objective on GATX from $218.00 to $220.00 and gave the stock a "positive" rating in a research report on Friday, July 31st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of GATX in a research note on Friday, July 17th. Citigroup increased their price target on shares of GATX from $214.00 to $215.00 and gave the company a "buy" rating in a report on Monday. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $222.00 price objective on shares of GATX in a research note on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $219.00.

Hedge Funds Weigh In On GATX

Several hedge funds have recently bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC grew its holdings in shares of GATX by 0.7% during the fourth 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 during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in GATX by 0.8% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 6,310 shares of the transportation company's stock worth $1,070,000 after buying an additional 53 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in GATX by 8.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 702 shares of the transportation company's stock worth $119,000 after buying an additional 55 shares during the last quarter. Brown Brothers Harriman & Co. increased 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 period. Finally, Kestra Advisory Services LLC increased its position in GATX by 3.1% in the fourth quarter. Kestra Advisory Services LLC now owns 2,200 shares of the transportation company's stock worth $373,000 after buying an additional 66 shares during the period. 93.14% of the stock is 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.

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