GATX (NYSE:GATX) Stock Price Up 3.8% Following Analyst Upgrade

Key Points

• GATX shares rose 3.8% after Susquehanna upgraded their price target from $190.00 to $192.00, maintaining a positive rating on the stock.
• Insider selling was noted, with SVP Kevin Hillesland reducing his stake by 22.44% after selling 2,200 shares for approximately $335,698.
• The company declared a quarterly dividend of $0.61 per share, indicating an annualized dividend of $2.44 and a yield of 1.4%.

GATX Corporation (NYSE:GATX - Get Free Report) shares were up 3.8% during trading on Wednesday after Susquehanna raised their price target on the stock from $190.00 to $192.00. Susquehanna currently has a positive rating on the stock. GATX traded as high as $166.82 and last traded at $169.30. Approximately 12,631 shares changed hands during trading, a decline of 93% from the average daily volume of 176,830 shares. The stock had previously closed at $163.02.

GATX has been the subject of several other reports. Citigroup started coverage on GATX in a research report on Monday, September 22nd. They set a "buy" rating and a $201.00 price objective for the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of GATX in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $184.00.

Insider Buying and Selling

In other GATX news, SVP Kevin Hillesland sold 2,200 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The stock was 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 directly owned 7,606 shares of the company's stock, valued at $1,160,599.54. This represents a 22.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anne L. Arvia sold 979 shares of the company'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 sale, the director directly owned 33,077 shares of the company's stock, valued at approximately $5,469,281.95. This represents a 2.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,914 shares of company stock valued at $2,953,509 in the last quarter. 2.17% of the stock is currently owned by insiders.

Hedge Funds Weigh In On GATX

Large investors have recently modified their holdings of the business. Hantz Financial Services Inc. raised its stake in shares of GATX by 434.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 187 shares of the transportation company's stock worth $29,000 after buying an additional 152 shares in the last quarter. TCTC Holdings LLC raised its stake in shares of GATX by 117.0% during the 1st quarter. TCTC Holdings LLC now owns 243 shares of the transportation company's stock worth $38,000 after buying an additional 131 shares in the last quarter. Bayforest Capital Ltd raised its stake in shares of GATX by 219.0% during the 2nd quarter. Bayforest Capital Ltd now owns 370 shares of the transportation company's stock worth $57,000 after buying an additional 254 shares in the last quarter. Mather Group LLC. purchased a new position in shares of GATX during the 3rd quarter worth approximately $72,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of GATX during the 2nd quarter worth approximately $65,000. 93.14% of the stock is owned by hedge funds and other institutional investors.

GATX Trading Up 3.3%

The firm has a market capitalization of $6.00 billion, a PE ratio of 19.27 and a beta of 1.18. The business has a 50 day moving average price of $169.43 and a 200-day moving average price of $157.59. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 3.27.

GATX (NYSE:GATX - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The transportation company reported $2.06 earnings per share for the quarter, topping analysts' consensus estimates of $1.95 by $0.11. The business 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. Analysts expect that GATX Corporation will post 8.5 earnings per share for the current year.

GATX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $0.61 dividend. The ex-dividend date was Monday, September 15th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.4%. GATX's dividend payout ratio is currently 27.92%.

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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