GATX (NYSE:GATX) Reaches New 1-Year High – Time to Buy?

GATX Corporation (NYSE:GATX) shares reached a new 52-week high on Friday . The stock traded as high as $178.60 and last traded at $178.5220, with a volume of 543 shares traded. The stock had previously closed at $177.85.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GATX. Susquehanna boosted their target price on GATX from $190.00 to $192.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Citigroup lifted their price target on GATX from $192.00 to $198.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of GATX in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $195.00.

GATX Stock Performance

The firm’s fifty day moving average is $164.52 and its 200 day moving average is $163.62. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 20.54 and a beta of 1.16. The company has a debt-to-equity ratio of 3.26, a current ratio of 3.81 and a quick ratio of 3.81.

GATX (NYSE:GATX) last released its earnings results on Tuesday, October 21st. The transportation company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.22). GATX had a return on equity of 11.62% and a net margin of 18.35%.The company had revenue of $439.30 million during the quarter, compared to analysts’ expectations of $435.21 million. During the same quarter in the previous year, the company earned $2.43 EPS. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. On average, analysts predict that GATX Corporation will post 8.5 EPS for the current fiscal year.

GATX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were paid a $0.61 dividend. The ex-dividend date was Monday, December 15th. This represents a $2.44 dividend on an annualized basis and a yield of 1.4%. GATX’s payout ratio is 28.50%.

Insider Buying and Selling at GATX

In other news, SVP Aken Jennifer Van sold 1,800 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $164.15, for a total transaction of $295,470.00. Following the completion of the sale, the senior vice president directly owned 5,912 shares of the company’s stock, valued at $970,454.80. This trade represents a 23.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.17% of the stock is owned by company insiders.

Institutional Investors Weigh In On GATX

Large investors have recently added to or reduced their stakes in the stock. Park Avenue Securities LLC bought a new stake in GATX during the second quarter worth about $783,000. HB Wealth Management LLC bought a new position in shares of GATX in the second quarter valued at approximately $222,000. Triasima Portfolio Management inc. boosted its holdings in shares of GATX by 66.9% in the 2nd quarter. Triasima Portfolio Management inc. now owns 24,176 shares of the transportation company’s stock worth $3,712,000 after acquiring an additional 9,690 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of GATX in the 2nd quarter worth approximately $2,244,000. Finally, Intech Investment Management LLC grew its position in GATX by 19.4% during the 1st quarter. Intech Investment Management LLC now owns 17,227 shares of the transportation company’s stock worth $2,675,000 after acquiring an additional 2,802 shares during the last quarter. Institutional investors own 93.14% of the company’s stock.

GATX Company Profile

GATX Corporation (NYSE: GATX) is a global railcar leasing and asset management company headquartered in Chicago, Illinois. Founded in 1898 as General American Transportation Corporation, GATX has grown into one of the world’s leading lessors of railcars, marine vessels and industrial assets. The company’s core business focuses on leasing and managing high-value equipment for customers in the energy, industrial, chemical, agricultural and metals markets.

In its Rail North America segment, GATX owns and manages a diverse fleet of more than 60,000 railcars, including tank cars, covered hoppers, boxcars and flatcars.