GATX (NYSE:GATX) Releases Quarterly 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) announced its quarterly earnings data on Tuesday. The transportation company reported $2.06 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $430.50 million during the quarter, compared to analyst estimates of $425.52 million. GATX updated its FY 2025 guidance to 8.500-8.900 EPS.

GATX Stock Down 2.4%

GATX traded down $3.60 on Friday, hitting $149.09. 250,150 shares of the company were exchanged, compared to its average volume of 167,480. GATX has a 12 month low of $127.69 and a 12 month high of $168.89. The company has a market cap of $5.32 billion, a PE ratio of 17.06 and a beta of 1.16. The company has a debt-to-equity ratio of 3.27, a quick ratio of 4.14 and a current ratio of 2.93. The stock's fifty day moving average is $154.68 and its 200-day moving average is $154.64.

GATX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, September 15th. GATX's payout ratio is 27.92%.

Insider Buying and Selling

In other GATX news, SVP Kevin Hillesland sold 2,200 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $152.59, for a total transaction of $335,698.00. Following the transaction, the senior vice president owned 7,606 shares of the company's stock, valued at $1,160,599.54. The trade was a 22.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jennifer Mcmanus sold 1,800 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $154.92, for a total value of $278,856.00. Following the completion of the transaction, the vice president directly owned 3,468 shares in the company, valued at $537,262.56. The trade was a 34.17% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,700 shares of company stock worth $3,544,096. Corporate insiders own 2.17% of the company's stock.

Institutional Investors Weigh In On GATX

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its position in GATX by 21.3% during the 1st quarter. AQR Capital Management LLC now owns 7,716 shares of the transportation company's stock worth $1,198,000 after purchasing an additional 1,357 shares during the last quarter. Jane Street Group LLC grew its stake in shares of 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 buying an additional 39,582 shares during the period. Millennium Management LLC boosted its stake in GATX by 54.9% during 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. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in 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 valued at $18,141,000 after purchasing an additional 1,968 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. The Goldman Sachs Group reaffirmed a "buy" rating on shares of GATX in a research report on Wednesday, April 23rd. Susquehanna cut their target price on GATX from $165.00 to $160.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th.

GATX Company Profile

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.