The Vanguard Group, Inc. recently announced the acquisition of new stake in GATX Corporation (NYSE:GATX). The institutional investor has increased its shareholding in the Industrials company by 1.12% to 3.73 million shares with purchase of 41453.0 shares. This fresh investment now brings its stake to 10.60% valued currently at $396.93 million. In addition, EARNEST Partners LLC raised its holdings by 86768.0 to 2.68 million shares. And Dimensional Fund Advisors LP has lifted its position by 1.04% or 25372.0 shares – to 2.46 million shares.
With over 0.12 million GATX Corporation (GATX) shares trading Friday and a closing price of $108.06 on the day, the dollar volume was approximately $13.38 million. The shares have shown a positive half year performance of 13.74% and its price on 01/20/23 gained nearly 0.44%. Currently, there are 35.20M common shares owned by the public and among those 34.79M shares have been available to trade.
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Insiders at the company have transacted a total of 135 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 57 of these insider trades were purchases, accounting for 212,567 shares. Insider sales of the common stock occurred on 78 occasions, with total insider shares sold totaling 485,138 shares.
The top 3 mutual fund holders in GATX Corporation are iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund. iShares Core S&P Mid Cap ETF owns 1.09 million shares of the company’s stock, all valued at over $115.48 million. The company sold 207.0 shares recently to bring their total holdings to about 3.09% of the shares outstanding. Vanguard Total Stock Market Index bought 5150.0 shares to see its total holdings expand to 1.08 million shares valued at over $114.79 million and representing 3.07% of the shares outstanding. Vanguard Small Cap Index Fund sold 5243.0 shares to bring its total holdings to over 0.91 million shares at a value of $96.46 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.58% of the shares outstanding.
Shares of GATX Corporation (NYSE: GATX) opened at $108.20, up $0.61 from a prior closing price of $107.59. However, the script later moved the day high at 108.20, up 0.44%. The company’s stock has a 5-day price change of -3.76% and 13.78% over the past three months. GATX shares are trading 1.62% year to date (YTD), with the 12-month market performance up to 9.83% higher. It has a 12-month low price of $84.96 and touched a high of $127.58 over the same period. GATX has an average intraday trading volume of 127.48K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.22%, -1.34%, and 5.22% respectively.
Institutional ownership of GATX Corporation (NYSE: GATX) 35.20M shares outstanding. Mutual fund holders own 50.67%, while other institutional holders and individual stakeholders account for 51.75% and 2.91% respectively.
It has a market capitalization of $3.79B and a beta (3y monthly) value of 1.05. The stock’s trailing 12-month PE ratio is 23.06, while the earnings-per-share (ttm) stands at $4.69. The company has a PEG of 1.92 and the debt-to-equity ratio at 3.28. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.76% over the week and 1.97% over the month.
Analysts forecast that GATX Corporation (GATX) will achieve an EPS of $1.33 for the current quarter, $1.55 for the next quarter and $6.5 for 2023. The lowest estimate earnings-per-share for the quarter is $1.29 while analysts give the company a high EPS estimate of $1.37. Comparatively, EPS for the current quarter was $1.69 a year ago. Earnings per share for the fiscal year are expected to decrease by -6.30%, and 10.30% over the next financial year. EPS should grow at an annualized rate of 12.00% over the next five years, compared to -8.80% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate GATX Corporation (GATX) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 1 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
Sidoti coverage for the GATX Corporation (GATX) stock in a research note released on February 02, 2022 offered a Buy rating with a price target of $130. Susquehanna was of a view on July 26, 2021 that the stock is Positive, while Cowen gave the stock Outperform rating on July 16, 2021, issuing a price target of $101. Cowen on their part issued Market Perform rating on February 09, 2021.
