GATX (NYSE:GATX) Hits New 12-Month Low - What's Next?

GATX Co. (NYSE:GATX - Get Free Report) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $141.28 and last traded at $145.93, with a volume of 210307 shares trading hands. The stock had previously closed at $145.16.

Analysts Set New Price Targets

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

GATX Stock Performance

The company has a fifty day moving average of $151.78 and a two-hundred day moving average of $154.74. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 18.93 and a beta of 1.00. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.41 and a current ratio of 2.77.

GATX (NYSE:GATX - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.15 EPS for the quarter, beating the consensus estimate of $2.09 by $0.06. GATX had a net margin of 17.92% and a return on equity of 12.07%. The business had revenue of $421.60 million for the quarter, compared to the consensus estimate of $417.06 million. During the same period in the prior year, the company posted $2.01 earnings per share. GATX's revenue was up 11.0% compared to the same quarter last year. As a group, equities research analysts predict that GATX Co. will post 8.5 earnings per share for the current fiscal year.

GATX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, June 13th. GATX's payout ratio is currently 30.93%.

Insider Activity at GATX

In other GATX news, VP Robert Zmudka sold 4,800 shares of GATX stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $163.83, for a total value of $786,384.00. Following the transaction, the vice president now owns 7,493 shares in the company, valued at $1,227,578.19. The trade was a 39.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jeffery R. Young sold 297 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $164.63, for a total transaction of $48,895.11. Following the completion of the transaction, the senior vice president now directly owns 7,362 shares of the company's stock, valued at $1,212,006.06. This trade represents a 3.88 % decrease in their position. The disclosure for this sale can be found here. 2.17% of the stock is owned by insiders.

Hedge Funds Weigh In On GATX

Several institutional investors and hedge funds have recently added to or reduced their stakes in GATX. Tidal Investments LLC boosted its holdings in shares of GATX by 27.9% during the 3rd quarter. Tidal Investments LLC now owns 5,234 shares of the transportation company's stock valued at $693,000 after acquiring an additional 1,142 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of GATX by 19.4% during the third quarter. JPMorgan Chase & Co. now owns 92,861 shares of the transportation company's stock valued at $12,299,000 after purchasing an additional 15,092 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of GATX by 184.6% during the fourth quarter. Versant Capital Management Inc now owns 259 shares of the transportation company's stock worth $40,000 after purchasing an additional 168 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of GATX by 63.2% in the fourth quarter. GAMMA Investing LLC now owns 524 shares of the transportation company's stock valued at $81,000 after buying an additional 203 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in GATX by 20.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,099 shares of the transportation company's stock valued at $480,000 after buying an additional 534 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.