GATX Co. (NYSE:GATX) Sees Significant Decrease in Short Interest

GATX Co. (NYSE:GATXGet Free Report) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 1,140,000 shares, a decrease of 13.6% from the January 31st total of 1,320,000 shares. Approximately 3.3% of the company’s stock are short sold. Based on an average daily volume of 138,400 shares, the days-to-cover ratio is currently 8.2 days.

Insider Buying and Selling

In related news, CEO Robert C. Lyons sold 19,300 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $125.70, for a total transaction of $2,426,010.00. Following the completion of the transaction, the chief executive officer now owns 44,710 shares in the company, valued at $5,620,047. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other GATX news, CEO Robert C. Lyons sold 19,300 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $125.70, for a total transaction of $2,426,010.00. Following the sale, the chief executive officer now directly owns 44,710 shares of the company’s stock, valued at $5,620,047. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Thomas A. Ellman sold 18,000 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $127.54, for a total transaction of $2,295,720.00. Following the sale, the chief financial officer now directly owns 35,429 shares in the company, valued at $4,518,614.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,494 shares of company stock worth $4,746,230. 1.80% of the stock is owned by insiders.

Institutional Trading of GATX

Several institutional investors have recently made changes to their positions in GATX. Illinois Municipal Retirement Fund bought a new position in GATX during the third quarter valued at about $632,000. Envestnet Portfolio Solutions Inc. bought a new position in GATX during the third quarter valued at about $549,000. Beverly Hills Private Wealth LLC lifted its holdings in GATX by 104.5% during the second quarter. Beverly Hills Private Wealth LLC now owns 12,507 shares of the transportation company’s stock valued at $1,513,000 after purchasing an additional 6,390 shares during the last quarter. Quantbot Technologies LP purchased a new stake in GATX during the third quarter valued at about $1,089,000. Finally, Campbell & CO Investment Adviser LLC lifted its holdings in GATX by 299.1% during the third quarter. Campbell & CO Investment Adviser LLC now owns 11,279 shares of the transportation company’s stock valued at $1,227,000 after purchasing an additional 8,453 shares during the last quarter. Institutional investors own 99.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GATX. Wells Fargo & Company lifted their price objective on shares of GATX from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. TD Cowen lifted their price objective on shares of GATX from $122.00 to $136.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 24th. Finally, Susquehanna raised their target price on shares of GATX from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $134.50.

Get Our Latest Stock Report on GATX

GATX Stock Up 0.3 %

GATX stock opened at $128.13 on Tuesday. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 3.26. GATX has a 12-month low of $97.21 and a 12-month high of $133.01. The firm’s fifty day moving average is $123.05 and its 200 day moving average is $115.55. The company has a market capitalization of $4.55 billion, a PE ratio of 17.92 and a beta of 0.97.

GATX (NYSE:GATXGet Free Report) last announced its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.16. The business had revenue of $368.70 million during the quarter, compared to analyst estimates of $365.32 million. GATX had a net margin of 18.37% and a return on equity of 11.81%. GATX’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.54 EPS. As a group, sell-side analysts predict that GATX will post 7.53 EPS for the current fiscal year.

GATX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, March 31st. Stockholders of record on Friday, March 1st will be paid a $0.58 dividend. This is a positive change from GATX’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, February 29th. This represents a $2.32 annualized dividend and a dividend yield of 1.81%. GATX’s dividend payout ratio is presently 32.45%.

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.

Further Reading

Receive News & Ratings for GATX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GATX and related companies with MarketBeat.com's FREE daily email newsletter.