GATX (NYSE:GATX) Sets New 52-Week High - Still a Buy?

Key Points

• GATX Corporation reached a new 52-week high of $177.71, reflecting strong market performance and a trading volume of 327,793 shares.
• Analysts have a consensus rating of "Moderate Buy" on GATX with a target price of $183.50, with Citigroup recently issuing a "buy" rating and a price objective of $201.00.
• The company declared a quarterly dividend of $0.61 per share, which contributes to an annualized yield of 1.4%, with the dividend payout ratio at 27.92%.

GATX Corporation (NYSE:GATX - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $177.71 and last traded at $176.41, with a volume of 327793 shares trading hands. The stock had previously closed at $172.07.

Wall Street Analyst Weigh In

GATX has been the topic of a number of research reports. Citigroup initiated coverage on shares of GATX in a research note on Monday. They issued a "buy" rating and a $201.00 price objective on the stock. Susquehanna set a $190.00 price objective on shares of GATX and gave the company a "positive" rating in a research note on Monday, August 18th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, GATX currently has a consensus rating of "Moderate Buy" and a consensus target price of $183.50.

GATX Stock Performance

The firm has a market capitalization of $6.28 billion, a PE ratio of 20.18 and a beta of 1.18. 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 company's fifty day moving average price is $160.87 and its two-hundred day moving average price is $154.80.

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

GATX Dividend Announcement

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

Insider Buying and Selling at GATX

In related news, SVP Kevin Hillesland sold 2,200 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $152.59, for a total transaction of $335,698.00. Following the completion of the sale, the senior vice president owned 7,606 shares of the company's stock, valued at approximately $1,160,599.54. This represents a 22.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anne L. Arvia sold 979 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $165.35, for a total transaction of $161,877.65. Following the sale, the director directly owned 33,077 shares of the company's stock, valued at approximately $5,469,281.95. This trade represents a 2.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,914 shares of company stock worth $2,953,509 in the last quarter. Company insiders own 2.17% of the company's stock.

Institutional Trading of GATX

Several large investors have recently bought and sold shares of GATX. Hantz Financial Services Inc. grew 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 acquiring an additional 152 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in GATX in the first quarter valued at approximately $30,000. TCTC Holdings LLC grew its position in 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 acquiring an additional 131 shares in the last quarter. UMB Bank n.a. grew 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 valued at $51,000 after acquiring an additional 165 shares in the last quarter. Finally, Bayforest Capital Ltd grew its position in GATX by 219.0% in the second quarter. Bayforest Capital Ltd now owns 370 shares of the transportation company's stock valued at $57,000 after acquiring an additional 254 shares in the last quarter. Institutional investors and hedge funds own 93.14% of the company's stock.

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.

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