GATX (NYSE:GATX) Issues Earnings Results

Key Points

• GATX reported an earnings per share (EPS) of $2.06 for the quarter, surpassing analysts' estimates by $0.11.
• The company updated its fiscal year 2025 guidance to an EPS range of 8.500-8.900.
• GATX plans to pay a quarterly dividend of $0.61 per share, resulting in an annualized dividend of $2.44 with a yield of 1.54%.

GATX (NYSE:GATX - Get Free Report) issued its quarterly earnings data on Tuesday. The transportation company reported $2.06 EPS for the quarter, topping analysts' consensus estimates of $1.95 by $0.11, Zacks reports. GATX had a return on equity of 12.52% and a net margin of 19.13%. The firm had revenue of $430.50 million during the quarter, compared to the consensus estimate of $425.52 million. GATX updated its FY 2025 guidance to 8.500-8.900 EPS.

GATX Stock Performance

Shares of GATX stock traded up $1.11 during mid-day trading on Wednesday, reaching $155.29. The stock had a trading volume of 281,047 shares, compared to its average volume of 154,240. The firm's 50 day simple moving average is $154.26 and its 200 day simple moving average is $154.65. The company has a quick ratio of 4.14, a current ratio of 4.28 and a debt-to-equity ratio of 3.31. GATX has a one year low of $127.69 and a one year high of $168.89. The firm has a market cap of $5.54 billion, a PE ratio of 17.77 and a beta of 1.16.

GATX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $0.61 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.57%. GATX's dividend payout ratio is currently 30.93%.

Wall Street Analyst Weigh In

GATX has been the subject of several research reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of GATX in a research note on Wednesday, April 23rd. Susquehanna reduced their price objective on GATX from $165.00 to $160.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th.

Insider Buying and Selling

In related news, VP Jennifer Mcmanus sold 1,800 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $154.92, for a total transaction of $278,856.00. Following the completion of the transaction, the vice president owned 3,468 shares in the company, valued at $537,262.56. This trade represents a 34.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Paul F. Titterton sold 18,700 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $156.66, for a total value of $2,929,542.00. Following the transaction, the executive vice president owned 10,468 shares of the company's stock, valued at $1,639,916.88. This trade represents a 64.11% decrease in their position. The disclosure for this sale can be found here. 2.17% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On GATX

Several hedge funds and other institutional investors have recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of GATX by 1.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 116,834 shares of the transportation company's stock worth $18,141,000 after buying an additional 1,968 shares during the period. Millennium Management LLC raised its position in GATX by 54.9% in the 1st quarter. Millennium Management LLC now owns 58,011 shares of the transportation company's stock valued at $9,007,000 after purchasing an additional 20,569 shares during the last quarter. Jane Street Group LLC raised its position in GATX by 280.6% in the 1st quarter. Jane Street Group LLC now owns 53,690 shares of the transportation company's stock valued at $8,336,000 after purchasing an additional 39,582 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of GATX by 21.3% during the first quarter. AQR Capital Management LLC now owns 7,716 shares of the transportation company's stock worth $1,198,000 after acquiring an additional 1,357 shares during the last quarter. Institutional investors own 93.14% of the company's stock.

About GATX

GATX Corporation, together its subsidiaries, operates as railcar leasing company in the United States, Canada, Mexico, Europe, and India. It operates through three segments: Rail North America, Rail International, and Portfolio Management. The company leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.