GATX Corporation (NYSE:GATX – Get Free Report) CEO Robert Lyons sold 12,265 shares of the stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $186.00, for a total transaction of $2,281,290.00. Following the completion of the sale, the chief executive officer owned 56,510 shares in the company, valued at $10,510,860. This represents a 17.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
GATX Stock Down 2.0%
Shares of NYSE:GATX opened at $182.73 on Friday. The firm has a fifty day moving average price of $174.55 and a two-hundred day moving average price of $179.10. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.38 and a quick ratio of 3.90. GATX Corporation has a one year low of $150.69 and a one year high of $205.56. The company has a market cap of $6.38 billion, a price-to-earnings ratio of 16.97 and a beta of 1.19.
GATX (NYSE:GATX – Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The transportation company reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.46. The firm had revenue of $598.00 million for the quarter, compared to analysts’ expectations of $592.66 million. GATX had a net margin of 17.69% and a return on equity of 10.62%. The business’s quarterly revenue was up 36.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.25 earnings per share. Analysts anticipate that GATX Corporation will post 10.30 EPS for the current fiscal year.
GATX Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, December 15th. GATX’s payout ratio is presently 24.51%.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the company. Citigroup raised their price target on GATX from $215.00 to $216.00 and gave the company a “buy” rating in a report on Thursday, October 8th. Susquehanna lifted their price target on GATX from $218.00 to $220.00 and gave the company a “positive” rating in a research report on Thursday. Finally, Weiss Ratings raised GATX from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $219.33.
View Our Latest Analysis on GATX
Institutional Investors Weigh In On GATX
Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of GATX during the 2nd quarter valued at about $823,055,000. Bank of America Corp DE boosted its stake in GATX by 0.8% in the first quarter. Bank of America Corp DE now owns 1,005,419 shares of the transportation company’s stock worth $171,665,000 after buying an additional 7,867 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in GATX in the second quarter worth approximately $51,178,000. Jupiter Topco LLC bought a new position in GATX during the second quarter valued at approximately $25,363,000. Finally, Walleye Capital LLC bought a new position in GATX during the second quarter valued at approximately $21,691,000. Institutional investors own 93.14% of the company’s stock.
GATX Company Profile
GATX Corporation is a global asset-leasing company focused primarily on rail transportation. Through its rail businesses, the company owns, leases and manages a diverse fleet of freight railcars used to transport commodities and manufactured goods, including tank cars, covered and open hoppers, boxcars and specialized rail equipment. GATX also provides fleet management, maintenance and other services that support railcar customers.
GATX serves customers across North America and Europe through operations that include GATX Rail North America and GATX Rail Europe.
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