GATX (NYSE:GATX) Sets New 52-Week High – Still a Buy?

GATX Corporation (NYSE:GATX) reached a new 52-week high on Friday . The stock traded as high as $201.42 and last traded at $201.4750, with a volume of 25802 shares trading hands. The stock had previously closed at $195.66.

Analyst Ratings Changes

GATX has been the topic of a number of analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of GATX in a report on Thursday, January 22nd. Citigroup upgraded GATX from a “neutral” rating to a “buy” rating and increased their target price for the company from $210.00 to $211.00 in a report on Wednesday, April 8th. Susquehanna increased their target price on GATX from $212.00 to $220.00 and gave the company a “positive” rating in a report on Friday, February 20th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $204.00 target price on shares of GATX in a report on Wednesday, January 14th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, GATX currently has an average rating of “Buy” and a consensus target price of $211.67.

GATX Trading Up 1.0%

The business has a fifty day simple moving average of $181.63 and a 200 day simple moving average of $173.56. The stock has a market cap of $7.06 billion, a price-to-earnings ratio of 21.81 and a beta of 1.22. The company has a debt-to-equity ratio of 3.45, a quick ratio of 16.31 and a current ratio of 16.31.

GATX (NYSE:GATX) last announced its earnings results on Thursday, February 19th. The transportation company reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.02. GATX had a return on equity of 11.05% and a net margin of 19.15%.The firm had revenue of $449.00 million for the quarter, compared to analysts’ expectations of $443.67 million. During the same quarter in the prior year, the firm earned $1.93 EPS. GATX’s quarterly revenue was up 8.6% on a year-over-year basis. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. As a group, equities analysts anticipate that GATX Corporation will post 8.5 EPS for the current year.

GATX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 2nd were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 1.3%. This is a positive change from GATX’s previous quarterly dividend of $0.61. The ex-dividend date was Monday, March 2nd. GATX’s payout ratio is 28.95%.

Insider Transactions at GATX

In other news, VP Robert Zmudka sold 5,200 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $192.61, for a total transaction of $1,001,572.00. Following the sale, the vice president owned 7,493 shares in the company, valued at $1,443,226.73. This trade represents a 40.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeffery R. Young sold 2,595 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $196.29, for a total value of $509,372.55. Following the sale, the senior vice president owned 7,700 shares in the company, valued at $1,511,433. This trade represents a 25.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,795 shares of company stock worth $1,907,525 over the last quarter. 1.86% of the stock is currently owned by insiders.

Institutional Investors Weigh In On GATX

Several hedge funds have recently made changes to their positions in GATX. Larson Financial Group LLC boosted its holdings in shares of GATX by 364.5% during the third quarter. Larson Financial Group LLC now owns 144 shares of the transportation company’s stock worth $25,000 after purchasing an additional 113 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in shares of GATX during the third quarter worth $27,000. Community Bank N.A. acquired a new stake in shares of GATX during the third quarter worth $27,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of GATX in the 4th quarter worth $27,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of GATX in the 4th quarter worth $27,000. Institutional investors and hedge funds 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.