GATX (NYSE:GATX) VP Geoffrey Phillips Sells 2,500 Shares of Stock

Key Points

• GATX VP Geoffrey Phillips sold 2,500 shares at an average price of $177.60, totaling $444,000. After the transaction, he retained just one share, a 99.96% reduction in his position.
• GATX shares traded near $178, with the stock valued at approximately $6.29 billion. The company reported quarterly EPS of $2.84, exceeding estimates, while revenue increased 34.8% year over year despite missing analyst expectations.
• The company declared a quarterly dividend of $0.66 per share, equal to a $2.64 annualized payout and a 1.5% yield. Analysts maintain a consensus “Buy” rating with an average price target of $219.

GATX Corporation (NYSE:GATX - Get Free Report) VP Geoffrey Phillips sold 2,500 shares of the company's stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $177.60, for a total value of $444,000.00. Following the completion of the sale, the vice president owned 1 shares in the company, valued at $177.60. This represents a 99.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

GATX Stock Performance

Shares of GATX traded up $1.27 during mid-day trading on Friday, reaching $178.13. The company's stock had a trading volume of 185,846 shares, compared to its average volume of 213,559. GATX Corporation has a 1-year low of $150.42 and a 1-year high of $205.56. The stock has a market cap of $6.29 billion, a P/E ratio of 17.64 and a beta of 1.17. The business has a 50-day simple moving average of $178.52 and a two-hundred day simple moving average of $179.12. The company has a current ratio of 3.90, a quick ratio of 3.90 and a debt-to-equity ratio of 3.44.

GATX (NYSE:GATX - Get Free Report) last posted its earnings results on Thursday, July 30th. The transportation company reported $2.84 earnings per share for the quarter, topping analysts' consensus estimates of $2.46 by $0.38. GATX had a return on equity of 10.43% and a net margin of 17.94%.The business had revenue of $580.10 million for the quarter, compared to analyst estimates of $598.77 million. During the same period in the previous year, the firm earned $2.06 EPS. The firm's revenue was up 34.8% compared to the same quarter last year. GATX has set its FY 2026 guidance at 9.900-10.30 EPS. As a group, equities research analysts anticipate that GATX Corporation will post 10.1 earnings per share for the current fiscal year.

GATX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.66 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.64 annualized dividend and a dividend yield of 1.5%. GATX's dividend payout ratio is presently 26.14%.

Hedge Funds Weigh In On GATX

A number of hedge funds have recently added to or reduced their stakes in GATX. Tidal Investments LLC raised its holdings in GATX by 23.7% in the 2nd quarter. Tidal Investments LLC now owns 6,675 shares of the transportation company's stock valued at $1,183,000 after acquiring an additional 1,277 shares in the last quarter. NorthRock Partners LLC bought a new position in shares of GATX in the second quarter worth $234,000. Baird Financial Group Inc. increased its position in shares of GATX by 11.5% in the second quarter. Baird Financial Group Inc. now owns 1,792 shares of the transportation company's stock worth $318,000 after purchasing an additional 185 shares during the period. Nykredit A S acquired a new position in GATX in the second quarter valued at about $238,000. Finally, Amundi raised its stake in GATX by 7.9% in the second quarter. Amundi now owns 9,528 shares of the transportation company's stock valued at $1,688,000 after purchasing an additional 700 shares in the last quarter. Institutional investors own 93.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GATX. Citigroup upped their price target on shares of GATX from $214.00 to $215.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. Susquehanna raised their price objective on shares of GATX from $218.00 to $220.00 and gave the stock a "positive" rating in a research report on Friday, July 31st. Finally, Weiss Ratings upgraded GATX from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, September 4th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average target price of $219.00.

GATX Company Profile

GATX Corporation is a global railcar leasing company that owns, manages and leases freight railcars to shippers, railroads and other transportation companies. Its fleet serves a range of industries, including energy, chemicals, agriculture, food products and general manufacturing. GATX also provides related services such as railcar maintenance, repair, refurbishment and fleet management.

The company operates primarily through GATX Rail North America and GATX Rail Europe, with additional railcar leasing activities in India.

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