GATX (NYSE:GATX) Sets New 1-Year High – Should You Buy?

GATX Co. (NYSE:GATX)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $151.42 and last traded at $150.06, with a volume of 13077 shares traded. The stock had previously closed at $142.63.

Wall Street Analyst Weigh In

Separately, Susquehanna raised their price objective on GATX from $122.00 to $140.00 and gave the stock a “neutral” rating in a report on Monday, October 21st.

GATX Trading Up 7.3 %

The business has a fifty day moving average price of $135.90 and a 200 day moving average price of $135.26. The company has a market capitalization of $5.43 billion, a PE ratio of 19.08 and a beta of 0.95. The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.41 and a current ratio of 3.41.

GATX (NYSE:GATX) last announced its earnings results on Tuesday, October 22nd. The transportation company reported $2.50 EPS for the quarter, beating the consensus estimate of $1.96 by $0.54. The business had revenue of $405.40 million for the quarter, compared to the consensus estimate of $391.65 million. GATX had a return on equity of 11.98% and a net margin of 17.76%. The company’s revenue was up 12.6% on a year-over-year basis. During the same period last year, the business posted $1.44 EPS. Analysts expect that GATX Co. will post 7.6 EPS for the current fiscal year.

GATX Announces Dividend

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

Insider Activity at GATX

In related news, major shareholder Farm Mutual Automobile I. State bought 8,984 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The shares were acquired at an average cost of $133.65 per share, for a total transaction of $1,200,711.60. Following the acquisition, the insider now owns 3,312,294 shares in the company, valued at $442,688,093.10. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.99% of the company’s stock.

Institutional Investors Weigh In On GATX

Several hedge funds and other institutional investors have recently bought and sold shares of GATX. Gradient Investments LLC purchased a new stake in GATX during the 2nd quarter worth approximately $25,000. Wolff Wiese Magana LLC purchased a new stake in GATX during the 3rd quarter worth approximately $28,000. Quarry LP purchased a new stake in GATX during the 2nd quarter worth approximately $37,000. Canada Pension Plan Investment Board acquired a new position in shares of GATX in the 2nd quarter worth approximately $53,000. Finally, CWM LLC grew its position in shares of GATX by 20.2% in the 3rd quarter. CWM LLC now owns 487 shares of the transportation company’s stock worth $65,000 after acquiring an additional 82 shares in the last quarter. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

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.