GATX Corporation (NYSE:GATX) Short Interest Update

GATX Corporation (NYSE:GATX) saw a large decline in short interest in December. As of December 31st, there was short interest totaling 887,441 shares, a decline of 16.9% from the December 15th total of 1,068,422 shares. Approximately 2.5% of the company’s shares are short sold. Based on an average trading volume of 161,807 shares, the days-to-cover ratio is presently 5.5 days. Based on an average trading volume of 161,807 shares, the days-to-cover ratio is presently 5.5 days. Approximately 2.5% of the company’s shares are short sold.

GATX Price Performance

GATX opened at $179.45 on Monday. GATX has a 1 year low of $139.44 and a 1 year high of $179.70. The company has a debt-to-equity ratio of 3.26, a current ratio of 3.81 and a quick ratio of 3.81. The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of 20.96 and a beta of 1.16. The firm’s fifty day moving average price is $166.86 and its two-hundred day moving average price is $164.44.

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

GATX Announces Dividend

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

Insider Activity

In related news, SVP Aken Jennifer Van sold 1,800 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $164.15, for a total transaction of $295,470.00. Following the transaction, the senior vice president directly owned 5,912 shares of the company’s stock, valued at $970,454.80. This represents a 23.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.17% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC increased its position in shares of GATX by 364.5% during the 3rd quarter. Larson Financial Group LLC now owns 144 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 113 shares during the last quarter. Ameriflex Group Inc. bought a new position in GATX during the third quarter valued at about $27,000. Community Bank N.A. bought a new position in GATX during the third quarter valued at about $27,000. Hantz Financial Services Inc. increased its holdings in GATX by 434.3% during the second quarter. Hantz Financial Services Inc. now owns 187 shares of the transportation company’s stock worth $29,000 after buying an additional 152 shares during the last quarter. Finally, Elevation Wealth Partners LLC bought a new stake in GATX in the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on GATX shares. Susquehanna raised their target price on GATX from $190.00 to $192.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Citigroup raised their price objective on GATX from $192.00 to $198.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Weiss Ratings restated a “buy (b)” rating on shares of GATX in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $204.00 target price on shares of GATX in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $198.00.

About GATX

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.