GATX Co. (NYSE:GATX) Short Interest Update

GATX Co. (NYSE:GATX) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 5,710,000 shares, a decrease of 5.5% from the December 15th total of 6,040,000 shares. Approximately 16.6% of the shares of the stock are sold short. Based on an average daily volume of 215,800 shares, the days-to-cover ratio is presently 26.5 days.

Several institutional investors have recently made changes to their positions in the business. Evoke Wealth LLC purchased a new stake in shares of GATX in the third quarter valued at approximately $30,000. Millennium Management LLC grew its position in GATX by 54.9% in the third quarter. Millennium Management LLC now owns 31,872 shares of the transportation company’s stock worth $2,471,000 after acquiring an additional 11,300 shares during the period. Squarepoint Ops LLC grew its position in GATX by 276.3% in the third quarter. Squarepoint Ops LLC now owns 11,141 shares of the transportation company’s stock worth $864,000 after acquiring an additional 8,180 shares during the period. Parametric Portfolio Associates LLC grew its position in GATX by 3.2% in the third quarter. Parametric Portfolio Associates LLC now owns 176,170 shares of the transportation company’s stock worth $13,658,000 after acquiring an additional 5,412 shares during the period. Finally, Goelzer Investment Management Inc. grew its position in GATX by 1.8% in the third quarter. Goelzer Investment Management Inc. now owns 73,607 shares of the transportation company’s stock worth $5,707,000 after acquiring an additional 1,306 shares during the period.

GATX has been the subject of a number of analyst reports. Cowen reaffirmed a “hold” rating and issued a $85.00 price target on shares of GATX in a report on Tuesday, October 22nd. ValuEngine cut GATX from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $85.75.

Shares of GATX stock traded up $0.75 during mid-day trading on Thursday, reaching $79.74. 231,434 shares of the stock traded hands, compared to its average volume of 259,911. The business has a 50-day moving average of $82.41 and a 200 day moving average of $78.64. GATX has a fifty-two week low of $69.50 and a fifty-two week high of $86.01. The stock has a market capitalization of $2.78 billion, a PE ratio of 15.28, a PEG ratio of 1.03 and a beta of 1.45. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 2.87.

GATX (NYSE:GATX) last announced its earnings results on Tuesday, October 22nd. The transportation company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.08. GATX had a return on equity of 10.18% and a net margin of 14.63%. The business had revenue of $360.70 million during the quarter, compared to analysts’ expectations of $355.55 million. During the same quarter in the prior year, the firm earned $1.22 earnings per share. The business’s revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts expect that GATX will post 5.21 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.46 per share. The ex-dividend date was Thursday, December 12th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.31%. GATX’s payout ratio is currently 35.25%.

About GATX

GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets worldwide. The company operates through four segments: Rail North America, Rail International, Portfolio Management, and American Steamship Company (ASC). The Rail North America segment primarily leases railcars and locomotives.

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