GATX (NYSE:GATX) Sets New 1-Year High - Time to Buy?

Key Points

• GATX Corporation's stock reached a new 52-week high of $171.69 during trading, closing at $171.49, with a trading volume of 226,645 shares.
• Analysts from Susquehanna have set a $190.00 price target for GATX, indicating a positive outlook, while the company currently holds an average rating of "Moderate Buy".
• The company reported a $2.06 EPS for the last quarter, exceeding estimates, and has declared a quarterly dividend of $0.61 to be paid September 30th.

GATX Corporation (NYSE:GATX - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $171.69 and last traded at $171.49, with a volume of 226645 shares trading hands. The stock had previously closed at $168.45.

Wall Street Analyst Weigh In

Separately, Susquehanna set a $190.00 price objective on shares of GATX and gave the stock a "positive" rating in a research report on Monday, August 18th. Two 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.com, the company has an average rating of "Moderate Buy" and a consensus price target of $177.67.

GATX Trading Up 1.8%

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 firm has a 50 day simple moving average of $158.89 and a two-hundred day simple moving average of $154.36. The firm has a market capitalization of $6.11 billion, a P/E ratio of 19.62 and a beta of 1.18.

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

GATX Dividend Announcement

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 given a $0.61 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.44 annualized dividend and a yield of 1.4%. GATX's payout ratio is presently 27.92%.

Insiders Place Their Bets

In other news, Director Anne L. Arvia sold 979 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $165.35, for a total value of $161,877.65. Following the transaction, the director owned 33,077 shares of the company's stock, valued at $5,469,281.95. This trade represents a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kevin Hillesland sold 2,200 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $152.59, for a total value of $335,698.00. Following the completion of the transaction, the senior vice president directly owned 7,606 shares in the company, valued at $1,160,599.54. This trade represents a 22.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,914 shares of company stock valued at $2,953,509 over the last three months. 2.17% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On GATX

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Hantz Financial Services Inc. increased its position in GATX by 434.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 187 shares of the transportation company's stock valued at $29,000 after buying an additional 152 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of GATX in the first quarter valued at approximately $30,000. TCTC Holdings LLC increased its holdings in shares of GATX by 117.0% in the first quarter. TCTC Holdings LLC now owns 243 shares of the transportation company's stock valued at $38,000 after purchasing an additional 131 shares during the last quarter. Orion Capital Management LLC acquired a new stake in GATX during the fourth quarter worth $39,000. Finally, UMB Bank n.a. grew its stake in shares of GATX by 101.2% in the first quarter. UMB Bank n.a. now owns 328 shares of the transportation company's stock valued at $51,000 after buying an additional 165 shares in the last quarter. 93.14% of the stock is owned by institutional investors.

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.

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