GATX Corporation (NYSE:GATX) Sees Large Decline in Short Interest
by Teresa Graham · The Cerbat GemGATX Corporation (NYSE:GATX – Get Free Report) was the recipient of a large decline in short interest during the month of 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. Based on an average daily volume of 161,807 shares, the short-interest ratio is currently 5.5 days. Approximately 2.5% of the company’s shares are short sold. Approximately 2.5% of the company’s shares are short sold. Based on an average daily volume of 161,807 shares, the short-interest ratio is currently 5.5 days.
Insider Transactions at GATX
In other GATX news, SVP Aken Jennifer Van sold 1,800 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $164.15, for a total value of $295,470.00. Following the transaction, the senior vice president directly owned 5,912 shares in the company, valued at approximately $970,454.80. This trade represents a 23.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.17% of the company’s stock.
Institutional Investors Weigh In On GATX
Several institutional investors have recently bought and sold shares of GATX. Alliancebernstein L.P. lifted its position in shares of GATX by 681.7% in the third quarter. Alliancebernstein L.P. now owns 574,333 shares of the transportation company’s stock worth $100,393,000 after purchasing an additional 500,857 shares in the last quarter. Norges Bank acquired a new stake in GATX in the 2nd quarter valued at $58,621,000. Squarepoint Ops LLC lifted its position in GATX by 429.5% during the 2nd quarter. Squarepoint Ops LLC now owns 187,835 shares of the transportation company’s stock worth $28,844,000 after buying an additional 152,361 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in GATX by 52.7% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 434,415 shares of the transportation company’s stock worth $66,709,000 after buying an additional 149,950 shares in the last quarter. Finally, Encompass Capital Advisors LLC acquired a new position in shares of GATX during the 2nd quarter worth about $23,025,000. Institutional investors own 93.14% of the company’s stock.
GATX Stock Down 0.3%
GATX stock opened at $178.95 on Wednesday. The company has a 50 day moving average of $167.76 and a 200-day moving average of $164.72. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 3.26. GATX has a twelve month low of $139.44 and a twelve month high of $180.33. The stock has a market capitalization of $6.39 billion, a PE ratio of 20.91 and a beta of 1.16.
GATX (NYSE:GATX – Get Free Report) last posted its quarterly earnings data on Tuesday, October 21st. The transportation company reported $2.10 EPS for the quarter, missing the consensus estimate of $2.32 by ($0.22). The company had revenue of $439.30 million during the quarter, compared to the consensus estimate of $435.21 million. GATX had a net margin of 18.35% and a return on equity of 11.62%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.43 earnings per share. On average, equities research analysts anticipate that GATX will post 8.5 EPS for the current fiscal year.
GATX Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, December 15th. GATX’s dividend payout ratio is currently 28.50%.
Wall Street Analyst Weigh In
GATX has been the subject of several recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of GATX in a research report on Wednesday, October 8th. Citigroup upped their price objective on GATX from $192.00 to $198.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. The Goldman Sachs Group reissued a “buy” rating and issued a $204.00 target price on shares of GATX in a research note on Wednesday, January 14th. Finally, 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. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $198.00.
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.