GATX Co. (NYSE:GATX) Short Interest Update

GATX Co. (NYSE:GATX) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 1,430,000 shares, a growth of 5.1% from the October 15th total of 1,360,000 shares. Approximately 4.1% of the shares of the stock are sold short. Based on an average trading volume of 140,600 shares, the days-to-cover ratio is presently 10.2 days.

GATX Trading Up 0.0 %

Shares of NYSE GATX opened at $152.36 on Wednesday. The business’s 50 day moving average price is $139.21 and its 200-day moving average price is $137.12. GATX has a fifty-two week low of $106.92 and a fifty-two week high of $156.03. The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.41 and a current ratio of 3.41. The company has a market cap of $5.41 billion, a price-to-earnings ratio of 20.37 and a beta of 0.95.

GATX (NYSE:GATX) last issued its earnings results on Tuesday, October 22nd. The transportation company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.54. GATX had a net margin of 17.76% and a return on equity of 11.98%. The firm had revenue of $405.40 million during the quarter, compared to analyst estimates of $391.65 million. During the same period in the previous year, the firm earned $1.44 earnings per share. The business’s revenue was up 12.6% on a year-over-year basis. On average, sell-side analysts expect that GATX will post 7.6 earnings per share for the current year.

GATX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.32 annualized dividend and a yield of 1.52%. GATX’s dividend payout ratio (DPR) is currently 31.02%.

Insider Activity

In other GATX news, major shareholder Farm Mutual Automobile I. State bought 8,984 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The shares were purchased at an average cost of $133.65 per share, for a total transaction of $1,200,711.60. Following the transaction, the insider now owns 3,312,294 shares of the company’s stock, valued at $442,688,093.10. This represents a 0.27 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.99% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GATX. Janney Montgomery Scott LLC purchased a new position in shares of GATX during the first quarter valued at $341,000. SG Americas Securities LLC raised its holdings in shares of GATX by 75.3% in the 1st quarter. SG Americas Securities LLC now owns 2,759 shares of the transportation company’s stock valued at $370,000 after purchasing an additional 1,185 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of GATX by 0.3% in the 1st quarter. Clearbridge Investments LLC now owns 370,308 shares of the transportation company’s stock worth $49,632,000 after purchasing an additional 977 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in shares of GATX by 2.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 38,676 shares of the transportation company’s stock valued at $5,182,000 after purchasing an additional 795 shares in the last quarter. Finally, Linscomb Wealth Inc. bought a new position in GATX in the first quarter worth approximately $202,000. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GATX has been the topic of a number of recent research reports. Susquehanna upped their price objective on GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. The Goldman Sachs Group assumed coverage on GATX in a report on Monday. They set a “buy” rating and a $185.00 price target on the stock.

About GATX

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.