GATX (NYSE:GATX) Sets New 52-Week High - What's Next?

Key Points

• GATX Corporation reached a new 52-week high of $171.62 during trading, closing at $168.88, reflecting strong interest with 16,273 shares exchanged.
• Analysts have a Moderate Buy rating on GATX, with a consensus target price of $177.67, while one firm set a more optimistic price target at $190.00.
• The company declared a quarterly dividend of $0.61 per share, with a dividend yield of 1.4%, highlighting a 27.92% payout ratio.

GATX Corporation (NYSE:GATX - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $171.62 and last traded at $168.88, with a volume of 16273 shares. The stock had previously closed at $166.03.

Analyst Upgrades and Downgrades

Separately, Susquehanna set a $190.00 price target on shares of GATX and gave the stock a "positive" rating in a research report on Monday, August 18th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $177.67.

GATX Stock Down 0.3%

The company has a debt-to-equity ratio of 3.27, a quick ratio of 2.93 and a current ratio of 2.93. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 19.19 and a beta of 1.18. The firm's 50-day simple moving average is $157.14 and its two-hundred day simple moving average is $154.06.

GATX (NYSE:GATX - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The transportation company reported $2.06 EPS for the quarter, topping the consensus estimate of $1.95 by $0.11. GATX had a net margin of 19.13% and a return on equity of 12.52%. The company had revenue of $430.50 million during the quarter, compared to analysts' expectations of $425.52 million. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. On average, sell-side analysts expect that GATX Corporation will post 8.5 EPS for the current fiscal year.

GATX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, September 15th. GATX's payout ratio is currently 27.92%.

Insider Buying and Selling at GATX

In related news, Director Anne L. Arvia sold 979 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $165.35, for a total value of $161,877.65. Following the completion of the transaction, the director owned 33,077 shares in the company, valued at $5,469,281.95. This trade represents a 2.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Geoffrey Phillips sold 2,100 shares of the firm's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $168.74, for a total transaction of $354,354.00. Following the sale, the vice president directly owned 6,740 shares of the company's stock, valued at approximately $1,137,307.60. This trade represents a 23.76% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,079 shares of company stock valued at $1,130,786. 2.17% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Hantz Financial Services Inc. lifted its position in GATX by 434.3% in the second quarter. Hantz Financial Services Inc. now owns 187 shares of the transportation company's stock valued at $29,000 after purchasing an additional 152 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of GATX during the first quarter valued at $30,000. TCTC Holdings LLC boosted its position in shares of GATX by 117.0% during the first quarter. TCTC Holdings LLC now owns 243 shares of the transportation company's stock valued at $38,000 after buying an additional 131 shares during the last quarter. Orion Capital Management LLC purchased a new stake in shares of GATX during the fourth quarter valued at $39,000. Finally, UMB Bank n.a. boosted its position in GATX by 101.2% in the first quarter. UMB Bank n.a. now owns 328 shares of the transportation company's stock worth $51,000 after purchasing an additional 165 shares during the last quarter. Hedge funds and other 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.