Aken Jennifer Van Sells 1,800 Shares of GATX (NYSE:GATX) Stock

by · The Markets Daily

GATX Corporation (NYSE:GATX – Get Free Report) 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 value of $295,470.00. Following the completion of the sale, the senior vice president directly owned 5,912 shares in the company, valued at $970,454.80. The trade was a 23.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

GATX Trading Up 1.5%

GATX stock traded up $2.57 on Thursday, reaching $169.78. The company’s stock had a trading volume of 151,299 shares, compared to its average volume of 156,104. GATX Corporation has a 12-month low of $139.44 and a 12-month high of $178.26. The company has a debt-to-equity ratio of 3.26, a quick ratio of 3.81 and a current ratio of 3.81. The business has a fifty day simple moving average of $162.53 and a two-hundred day simple moving average of $160.79. The firm has a market cap of $6.06 billion, a PE ratio of 19.83 and a beta of 1.17.

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

GATX Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently commented on GATX shares. Susquehanna increased their price objective on shares of GATX from $190.00 to $192.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a research report on Wednesday, October 8th. Finally, Citigroup raised their target price on GATX from $191.00 to $192.00 and gave the stock a “buy” rating in a report on Monday, November 24th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, GATX presently has a consensus rating of “Buy” and an average price target of $192.00.

View Our Latest Analysis on GATX

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GATX. Larson Financial Group LLC boosted its holdings in 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 acquiring an additional 113 shares during the period. Ameriflex Group Inc. purchased a new stake in GATX in the 3rd quarter valued at about $27,000. Community Bank N.A. purchased a new stake in GATX in the 3rd quarter valued at about $27,000. Hantz Financial Services Inc. grew its stake in GATX by 434.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 187 shares of the transportation company’s stock worth $29,000 after acquiring an additional 152 shares in the last quarter. Finally, BOKF NA increased its position in shares of GATX by 1,117.6% during the third quarter. BOKF NA now owns 207 shares of the transportation company’s stock worth $36,000 after acquiring an additional 190 shares during the period. 93.14% of the stock is owned by hedge funds and other institutional investors.

About GATX

(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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