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 traded. The stock had previously closed at $168.45.

Analyst Upgrades and Downgrades

Separately, Susquehanna set a $190.00 target price on 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 given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $177.67.

GATX Stock Down 0.8%

The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 3.27. The stock has a market cap of $5.99 billion, a P/E ratio of 19.26 and a beta of 1.18. The business has a 50-day simple moving average of $159.78 and a 200-day simple moving average of $154.45.

GATX (NYSE:GATX - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The transportation company reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.11. GATX had a return on equity of 12.52% and a net margin of 19.13%.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. Analysts expect that GATX Corporation will post 8.5 EPS for the current year.

GATX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, September 15th. GATX's dividend payout ratio is currently 27.92%.

Insiders Place Their Bets

In other news, SVP Kevin Hillesland sold 2,200 shares of the stock in a transaction that occurred on 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 sale, the senior vice president directly owned 7,606 shares of the company's stock, valued at approximately $1,160,599.54. This represents a 22.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert C. Lyons sold 12,635 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $166.33, for a total value of $2,101,579.55. Following the completion of the sale, the chief executive officer directly owned 50,575 shares of the company's stock, valued at $8,412,139.75. This represents a 19.99% decrease in their ownership of the stock. 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 ninety days. 2.17% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. 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 worth $29,000 after purchasing an additional 152 shares during the period. 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 lifted its holdings 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 acquiring an additional 131 shares during the period. Orion Capital Management LLC bought a new position in shares of GATX during the fourth quarter valued at $39,000. Finally, UMB Bank n.a. lifted its holdings in shares of GATX by 101.2% during the first quarter. UMB Bank n.a. now owns 328 shares of the transportation company's stock valued at $51,000 after acquiring an additional 165 shares during the period. 93.14% of the stock is owned by institutional investors.

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.