GATX (NYSE:GATX) Stock Falls 5.1% – What’s Next?

Shares of GATX Corporation (NYSE:GATX) were down 5.1% during mid-day trading on Thursday. The company traded as low as $168.07 and last traded at $166.9580. Approximately 6,812 shares were traded during trading, a decline of 97% from the average session volume of 219,211 shares. The stock had previously closed at $175.86.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Citigroup increased their price target on shares of GATX from $214.00 to $215.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Weiss Ratings raised shares of GATX from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, September 4th. Finally, Susquehanna increased their target price on shares of GATX from $218.00 to $220.00 and gave the company a “positive” rating in a research note on Friday, July 31st. Four analysts have rated the stock with a Buy rating, According to MarketBeat, GATX presently has an average rating of “Buy” and an average target price of $219.00.

GATX Trading Down 0.4%

The company has a 50 day moving average of $179.07 and a 200 day moving average of $178.78. The company has a current ratio of 3.90, a quick ratio of 3.90 and a debt-to-equity ratio of 3.44. The firm has a market cap of $5.98 billion, a price-to-earnings ratio of 16.70 and a beta of 1.17.

GATX (NYSE:GATX) last announced its earnings results on Thursday, July 30th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.46 by $0.38. The business had revenue of $580.10 million during the quarter, compared to analysts’ expectations of $598.77 million. GATX had a net margin of 17.94% and a return on equity of 10.43%. The firm’s revenue for the quarter was up 34.8% on a year-over-year basis. During the same quarter last year, the company posted $2.06 EPS. GATX has set its FY 2026 guidance at 9.900-10.30 EPS. As a group, research analysts anticipate that GATX Corporation will post 10.1 EPS for the current year.

GATX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.64 dividend on an annualized basis and a yield of 1.6%. GATX’s dividend payout ratio is currently 26.14%.

Insiders Place Their Bets

In other news, CFO Thomas A. Ellman sold 18,200 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $180.08, for a total value of $3,277,456.00. Following the transaction, the chief financial officer owned 34,361 shares of the company’s stock, valued at approximately $6,187,728.88. This trade represents a 34.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Eren Doygun sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $179.52, for a total transaction of $179,520.00. Following the completion of the transaction, the senior vice president owned 5,323 shares in the company, valued at $955,584.96. This represents a 15.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 21,700 shares of company stock valued at $3,900,976. 1.86% of the stock is currently owned by corporate insiders.

Institutional Trading of GATX

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of GATX in the 2nd quarter worth $823,055,000. Bank of America Corp DE acquired a new position in shares of GATX during the 2nd quarter worth about $178,042,000. Geode Capital Management LLC increased its stake in shares of GATX by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 885,634 shares of the transportation company’s stock valued at $150,228,000 after acquiring an additional 3,655 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of GATX by 23.1% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 597,545 shares of the transportation company’s stock valued at $102,025,000 after acquiring an additional 111,935 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of GATX in the 4th quarter valued at approximately $86,241,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Company Profile

GATX Corporation is a global asset-leasing company that primarily owns, manages and leases transportation equipment. Its largest business is railcar leasing, serving railroads, shippers and other industrial customers that use freight rail equipment to transport commodities and manufactured goods.

Through its North American and European rail operations, GATX provides a broad fleet of railcars, including tank cars, freight cars and specialized equipment. The company supports customers with services such as fleet management, maintenance, engineering and regulatory compliance.