TaaS or Transportation as a Service is one of the fastest growing sectors in the current market. It refers to the integration of multiple transportation services such as ride-sharing, bike, and car rentals into a single digital on-demand mobility platform.
At the World Economic Forum, General Motors Company (NYSE: GM) CEO Mary Barra said, “I believe the auto industry will change more in the next five to 10 years than it has in the last 50.” This is mostly true because of the advent of TaaS. The value of the global Transportation as a Service market was $3.3 billion in 2021, and it is expected to grow to $40 billion in 2027, according to Market and Markets.
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GATX Corporation (GATX) stock closed last session at $98.50, increasing 2.56% or $2.46. Shares of the company fluctuated between $96.91 and $98.54 throughout the day. The number of shares exchanged was 83323.0, less than the company’s 50-day daily volume of 0.15 million and lower than its Year-to-date volume of 0.18 million. In the past 12 months, the company’s stock has retreated 11.45%, and in the last week, the stock has moved up 5.86%. For the last six months, the stock has lost a total of -17.87%, and over the last three months, the stock has decreased by -1.00%. The stock has returned -5.46% so far this year. Additionally, the stock is trading at a price-to-earnings ratio of 19.76.
The top 3 mutual fund holders in GATX Corporation are Vanguard Total Stock Market Index, iShares Core S&P Mid Cap ETF, and Vanguard Explorer Fund. Vanguard Total Stock Market Index owns 1,057,972 shares of the company’s stock, all valued at over $106.06 million. The company bought an additional 8704.0 shares recently to bring its total holdings to about 2.97% of the shares outstanding. iShares Core S&P Mid Cap ETF bought 414.0 shares to see its total holdings expand to 1,033,991 shares valued at over $103.66 million and representing 2.90% of the shares outstanding. Vanguard Explorer Fund bought 21417.0 shares to bring its total holdings to over 0.98 million shares at a value of $98.31 million. Vanguard Explorer Fund now owns shares totaling 2.76% of the shares outstanding.
GXO Logistics Inc. (GXO) stock added 1.31% to finish the last trading session at $47.04. The stock recorded a trading volume of 0.83 million shares, which is below the average daily trading volume published for the last 50 days of 1.03 million shares. The shares of GXO Logistics Inc. have retreated 9.22% in the last five days; however, they have lost -8.29% over the last month. The stock price has shed -7.37% over the last three months and has lost -43.13 percent so far this year. Further, the stock is being traded at a price-to-earnings ratio of 25.18. Additionally, it has a price-to-cash flow ratio of 24.24 and its price-to-sales ratio stands at 0.64.
With this outlook, analysts have a consensus recommendation rating of 1.90 for the stock, suggesting that investors Buy the stock. Cowen issued a stock update for GXO Logistics Inc. (GXO) on August 04, 2022, in which the firm assigned an “Outperform” rating. Credit Suisse on June 28, 2022, rated the stock as “an Outperform,”. 17 analysts offering their rating for the stock are split like this: 4 of the 17 rate it as a Hold; 13 see it as a buy, while 0 say it is overweight. Although bullish, it is notable that the stock is well above its 200-day simple moving average by -28.03%, while it is 3.54% above and 1.97% above its SMA50 and SMA20 respectively. The volume of shares traded in the last session stands at 0.83 million against a 3-month average of 1.12M.
Avis Budget Group
Avis Budget Group Inc. (CAR) stock gained 4.39% to close Monday’s session at $175.58. The stock volume remained at 0.48 million shares, which was lower than the average daily volume of 0.8 million shares within the past 50 days. CAR shares have risen by 102.68% over the last 12 months, and they have moved up by 8.56% in the past week. Over the past three months, the stock has gained 4.47%, while over the past six months, it has shed -15.59%. Further, the company has a current market of $7.88 billion and its outstanding shares stood at 48.50 million.
Lurie Glenn, a Director at the company, sold 1,474 shares worth $263,758 at 178.94 per share on Aug 03. The Director had earlier sold another 5,823 CAR shares valued at $1.09 million on Mar 03. The shares were sold at 187.50 per share. Hees Bernardo (Executive Chairman) sold 43,389 shares at 275.06 per share on Nov 17 for a total of $11.93 million while Hees Bernardo, (Executive Chairman) bought 29,400 shares on Jun 10 for $4,959,374 with each share fetching 168.69.
Expeditors International of Washington
The stock of Expeditors International of Washington Inc. (EXPD) gained 1.10% to complete the last trading session at $104.58. The price range of the company’s shares was between $103.35 and $105.19. It traded 1.36 million shares, which was above its daily average of 1.33 million shares over 100 days. EXPD’s shares have gained by 2.85% in the last five days, while they have subtracted by -3.02% in the last month. The company has a current dividend yield of 1.28%. Further, it is currently trading at a price-to-earnings ratio of 11.54 and a price-to-book ratio of 4.90. Additionally, the price-to-cash flow ratio stood at 13.07.
The Net Income for the most recent full fiscal year, which ended in 2021, was $16.52 billion. This is compared to the prior year, where Net Income was $9.58 billion. Meanwhile, this company’s Operating Cash Flow was $868.49 million for the year, compared to $654.97 million in 12-2020. Capital Expenditures for the year were reported -$36.25 million, compared to -$47.54 million, and Free Cash flow was $832.25 million compared to the prior year’s $607.43 million.
On Monday, shares in Union Pacific Corporation (UNP) rise 0.98% to close the day at $234.16. The volume of shares traded was 2.63 million, which is higher than the average volume over the last three months of 2.42 million. During the trading session, the stock oscillated between $232.56 and $235.285. The company had an earnings per share ratio of 10.74. UNP’s stock has gained 4.56% of its value in the previous five sessions and -2.13% over the past month but has lost -7.05% on a year-to-date basis. The stock’s 50-day moving average of $224.78 is above the 200-day moving average of $236.81. Moreover, the stock is currently trading at an RSI of 56.96.
Union Pacific Corporation (UNP) has a 20-day trading average of $233.50 and the current price is -16.05% off the 52-week high compared with a 19.67% distance from its 52-week low. The 50-day simple moving average of the closing price is $224.78 and its 200-day simple moving average is $236.81. If we look at the stock’s price movements over the week, volatility stands at 1.57%, which increases to 1.63% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 56.96 to suggest the stock is neutral.