GATX (NYSE:GATX) Issues FY 2022 Earnings Guidance

GATX (NYSE:GATXGet Rating) issued an update on its FY 2022 earnings guidance on Wednesday morning. The company provided EPS guidance of $5.500-$5.800 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.730. The company issued revenue guidance of -.

Several analysts recently issued reports on the stock. Wells Fargo & Company upped their price target on shares of GATX from $110.00 to $120.00 and gave the company an overweight rating in a report on Monday, January 10th. Zacks Investment Research cut shares of GATX from a strong-buy rating to a hold rating and set a $128.00 price target on the stock. in a report on Tuesday, April 5th. StockNews.com initiated coverage on shares of GATX in a report on Thursday, March 31st. They issued a hold rating on the stock. Finally, Sidoti raised shares of GATX from a neutral rating to a buy rating and set a $130.00 target price on the stock in a report on Wednesday, February 2nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Buy and an average price target of $113.79.

Shares of GATX stock opened at $103.39 on Friday. The company’s fifty day simple moving average is $116.16 and its 200-day simple moving average is $106.69. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 20.47 and a beta of 0.90. The company has a current ratio of 4.76, a quick ratio of 2.36 and a debt-to-equity ratio of 3.05. GATX has a 1 year low of $84.50 and a 1 year high of $127.58.

GATX (NYSE:GATXGet Rating) last issued its earnings results on Wednesday, April 20th. The transportation company reported $2.10 EPS for the quarter, topping the consensus estimate of $1.39 by $0.71. The firm had revenue of $316.60 million during the quarter, compared to analysts’ expectations of $322.75 million. GATX had a return on equity of 11.46% and a net margin of 14.38%. GATX’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business earned $1.02 earnings per share. As a group, research analysts forecast that GATX will post 5.78 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be issued a dividend of $0.52 per share. The ex-dividend date is Tuesday, June 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.01%. GATX’s payout ratio is presently 41.19%.

In other news, CEO Brian A. Kenney sold 36,223 shares of the firm’s stock in a transaction on Thursday, March 31st. The stock was sold at an average price of $123.97, for a total value of $4,490,565.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas A. Ellman sold 25,600 shares of GATX stock in a transaction dated Thursday, February 3rd. The stock was sold at an average price of $105.37, for a total value of $2,697,472.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 178,429 shares of company stock valued at $20,440,804. Company insiders own 3.00% of the company’s stock.

Several large investors have recently added to or reduced their stakes in GATX. Squarepoint Ops LLC lifted its stake in GATX by 68.9% in the 4th quarter. Squarepoint Ops LLC now owns 3,960 shares of the transportation company’s stock valued at $413,000 after acquiring an additional 1,615 shares in the last quarter. MML Investors Services LLC raised its stake in shares of GATX by 4.0% during the 4th quarter. MML Investors Services LLC now owns 8,056 shares of the transportation company’s stock worth $839,000 after purchasing an additional 310 shares in the last quarter. Stifel Financial Corp raised its stake in shares of GATX by 5.4% during the 4th quarter. Stifel Financial Corp now owns 11,965 shares of the transportation company’s stock worth $1,247,000 after purchasing an additional 613 shares in the last quarter. LPL Financial LLC raised its stake in shares of GATX by 8.1% during the 4th quarter. LPL Financial LLC now owns 15,182 shares of the transportation company’s stock worth $1,582,000 after purchasing an additional 1,138 shares in the last quarter. Finally, Comerica Bank raised its stake in shares of GATX by 1.2% during the 4th quarter. Comerica Bank now owns 19,219 shares of the transportation company’s stock worth $1,961,000 after purchasing an additional 231 shares in the last quarter. Institutional investors and hedge funds own 93.49% of the company’s stock.

About GATX (Get Rating)

GATX Corporation operates as railcar leasing company in the United States and internationally. The company operates through three segments: Rail North America, Rail International, and Portfolio Management. It leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.

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