GATX Co. (NYSE:GATX - Get Free Report) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totalling 1,150,000 shares, a decrease of 8.7% from the April 30th total of 1,260,000 shares. Currently, 3.3% of the shares of the company are sold short. Based on an average daily volume of 138,200 shares, the short-interest ratio is presently 8.3 days.
Analyst Upgrades and Downgrades
Separately, Susquehanna increased their price objective on GATX from $120.00 to $122.00 and gave the company a "neutral" rating in a research note on Wednesday, April 24th.
Get Our Latest Stock Analysis on GATX
Insiders Place Their Bets
In other GATX news, EVP Paul F. Titterton sold 9,000 shares of the company's stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $139.37, for a total value of $1,254,330.00. Following the sale, the executive vice president now owns 11,373 shares in the company, valued at approximately $1,585,055.01. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Paul F. Titterton sold 9,000 shares of the company's stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $139.37, for a total transaction of $1,254,330.00. Following the completion of the transaction, the executive vice president now directly owns 11,373 shares of the company's stock, valued at approximately $1,585,055.01. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Anne L. Arvia sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $131.98, for a total value of $131,980.00. Following the transaction, the director now directly owns 32,477 shares of the company's stock, valued at $4,286,314.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,000 shares of company stock worth $2,351,104. Corporate insiders own 1.80% of the company's stock.
Institutional Trading of GATX
A number of hedge funds and other institutional investors have recently modified their holdings of GATX. Orion Capital Management LLC purchased a new position in shares of GATX during the 3rd quarter worth $27,000. GAMMA Investing LLC purchased a new position in shares of GATX during the 4th quarter worth $32,000. Headinvest LLC purchased a new position in shares of GATX during the 3rd quarter worth $33,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of GATX during the 4th quarter worth $36,000. Finally, Bruce G. Allen Investments LLC purchased a new position in shares of GATX during the 4th quarter worth $42,000. 93.14% of the stock is owned by institutional investors and hedge funds.
GATX Price Performance
NYSE GATX traded up $2.80 during mid-day trading on Friday, hitting $137.96. The stock had a trading volume of 140,886 shares, compared to its average volume of 170,365. GATX has a twelve month low of $97.21 and a twelve month high of $141.24. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 19.65 and a beta of 1.00. The firm's 50 day moving average is $131.87 and its 200 day moving average is $124.91. The company has a debt-to-equity ratio of 3.28, a current ratio of 3.39 and a quick ratio of 3.39.
GATX (NYSE:GATX - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $2.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.72 by $0.29. GATX had a return on equity of 11.29% and a net margin of 17.64%. The business had revenue of $379.90 million during the quarter, compared to the consensus estimate of $375.80 million. During the same period last year, the company earned $2.20 EPS. The company's revenue for the quarter was up 12.1% on a year-over-year basis. Equities research analysts forecast that GATX will post 7.61 earnings per share for the current fiscal year.
GATX Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Sunday, June 30th. Shareholders of record on Friday, June 14th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, June 14th. GATX's dividend payout ratio (DPR) is presently 33.05%.
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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