GATX Co. (NYSE:GATX) Sees Sharp Rise in Short-Term Interest
GATX Co. (NYSE: GATX – Get a rating) was the target of a surge in short-term interest in October. As of October 15, there was short interest totaling 2,690,000 shares, an increase of 9.8% from the total of 2,450,000 shares as of September 30. Based on an average trading volume of 146,800 shares, the day-to-cover ratio is currently 18.3 days. Currently, 7.7% of the company’s shares are sold short.
Wall Street analysts predict growth
Several equity research analysts have recently commented on the stock. StockNews.com purported coverage of GATX stock in a Wednesday, Oct. 12 research report. They issued a “hold” rating for the company. Susquehanna Bancshares lowered its price target on GATX shares from $122.00 to $112.00 in a Friday July 22 research note.
GATX Stock Performance
NYSE: GATX traded at $0.28 in Friday’s midday session, reaching $102.43. The stock had a trading volume of 170,603 shares, compared to an average volume of 145,433. The company has a leverage ratio of 3.28, a current ratio of 4.14 and a quick ratio of 2.08 . GATX has a 1-year low of $84.96 and a 1-year high of $127.58. The company’s fifty-day simple moving average is $94.77 and its 200-day simple moving average is $99.46. The stock has a market capitalization of $3.62 billion, a P/E ratio of 21.93 and a beta of 1.00.
GATX Institutional Trading
A number of hedge funds have been buying and selling stocks recently. Fifth Third Bancorp increased its equity stake in GATX by 7.8% in Q1. Fifth Third Bancorp now owns 17,586 shares of the transportation company worth $2,169,000 after acquiring an additional 1,269 shares during the period. Strs Ohio increased its position in GATX by 100.0% in Q1. Strs Ohio now owns 3,400 shares of the transportation company valued at $419,000 after acquiring 1,700 additional shares last quarter. Louisiana State Employees Retirement System increased its position in GATX shares by 2.2% during the first quarter. Louisiana State Employees Retirement System now owns 9,300 shares of the transportation company worth $1,068,000 after purchasing an additional 200 shares during the period. Truist Financial Corp increased its position in GATX shares by 25.3% during the 1st quarter. Truist Financial Corp now owns 8,147 shares of the transportation company worth $1,004,000 after buying 1,646 additional shares during the period. Finally, Kestra Advisory Services LLC increased its position in GATX shares by 6.5% during the 1st quarter. Kestra Advisory Services LLC now owns 3,107 shares of the transportation company worth $383,000 after purchasing an additional 190 shares during the period. 99.10% of the shares are held by institutional investors.
GATX Company Profile
GATX Corporation operates as a railcar rental company in the United States and internationally. The Company operates through three segments: Rail North America, Rail International and Portfolio Management. It leases tank cars and freight cars, as well as locomotives for the oil, chemical, food and transport industries.
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