Short Interest in GATX Co. (NYSE:GATX) Drops By 8.7%

GATX Co. (NYSE:GATXGet Free Report) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totalling 1,150,000 shares, a drop of 8.7% from the April 30th total of 1,260,000 shares. Approximately 3.3% of the shares of the stock are short sold. Based on an average trading volume of 138,200 shares, the short-interest ratio is presently 8.3 days.

GATX Price Performance

GATX opened at $137.96 on Monday. The stock’s 50 day simple moving average is $131.87 and its 200 day simple moving average is $124.91. The company has a debt-to-equity ratio of 3.28, a current ratio of 3.39 and a quick ratio of 3.39. GATX has a 1 year low of $97.21 and a 1 year high of $141.24. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of 19.65 and a beta of 1.00.

GATX (NYSE:GATXGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.29. The business had revenue of $379.90 million for the quarter, compared to analyst estimates of $375.80 million. GATX had a return on equity of 11.29% and a net margin of 17.64%. GATX’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period last year, the company earned $2.20 EPS. As a group, analysts predict that GATX will post 7.61 earnings per share for the current year.

GATX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 30th. Stockholders of record on Friday, June 14th will be given a $0.58 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.68%. GATX’s dividend payout ratio is currently 33.05%.

Wall Street Analysts Forecast Growth

Separately, Susquehanna raised their price target on GATX from $120.00 to $122.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th.

Check Out Our Latest Report on GATX

Insider Buying and Selling at GATX

In other GATX news, VP Robert Zmudka sold 4,800 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $139.66, for a total value of $670,368.00. Following the sale, the vice president now owns 7,493 shares of the company’s stock, valued at approximately $1,046,472.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Anne L. Arvia sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $131.98, for a total transaction of $131,980.00. Following the transaction, the director now directly owns 32,477 shares of the company’s stock, valued at approximately $4,286,314.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Robert Zmudka sold 4,800 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $139.66, for a total value of $670,368.00. Following the transaction, the vice president now directly owns 7,493 shares in the company, valued at $1,046,472.38. The disclosure for this sale can be found here. Insiders have sold a total of 17,000 shares of company stock valued at $2,351,104 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On GATX

A number of large investors have recently made changes to their positions in GATX. Orion Capital Management LLC bought a new stake in shares of GATX in the 3rd quarter worth approximately $27,000. GAMMA Investing LLC bought a new stake in shares of GATX during the fourth quarter valued at approximately $32,000. Headinvest LLC bought a new stake in shares of GATX during the third quarter valued at approximately $33,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of GATX during the fourth quarter valued at approximately $36,000. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of GATX during the fourth quarter valued at approximately $42,000. 93.14% of the stock is currently owned by institutional investors.

GATX Company Profile

(Get Free Report)

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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