GATX (NYSE:GATX) VP Sells $563,880.00 in Stock

GATX Corporation (NYSE:GATX) VP Jennifer McManus sold 3,000 shares of GATX stock in a transaction that occurred on Thursday, November 12th. The stock was sold at an average price of $187.96, for a total value of $563,880.00. Following the completion of the sale, the vice president directly owned 3,497 shares in the company, valued at $657,296.12. This represents a 46.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

GATX Price Performance

Shares of GATX traded up $1.50 during trading hours on Friday, hitting $190.80. 165,683 shares of the stock were exchanged, compared to its average volume of 218,670. The stock’s 50-day moving average price is $175.51 and its two-hundred day moving average price is $179.17. GATX Corporation has a 12-month low of $150.69 and a 12-month high of $205.56. The company has a debt-to-equity ratio of 3.37, a quick ratio of 2.38 and a current ratio of 2.38. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 17.72 and a beta of 1.19.

GATX (NYSE:GATX) last announced its quarterly earnings data on Thursday, October 29th. The transportation company reported $2.92 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.46. The company had revenue of $598.00 million for the quarter, compared to analyst estimates of $592.66 million. GATX had a return on equity of 10.62% and a net margin of 17.69%. The firm’s revenue for the quarter was up 36.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.25 EPS. Research analysts expect that GATX Corporation will post 10.30 earnings per share for the current year.

GATX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, December 15th. GATX’s dividend payout ratio (DPR) is 24.51%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on GATX shares. Susquehanna boosted their target price on GATX from $218.00 to $220.00 and gave the stock a “positive” rating in a report on Thursday, November 5th. Weiss Ratings raised GATX from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, November 4th. Finally, Citigroup lifted their price objective on GATX from $215.00 to $216.00 and gave the stock a “buy” rating in a research report on Thursday, October 8th. Four research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $219.33.

Institutional Investors Weigh In On GATX

Hedge funds have recently modified their holdings of the company. HB Wealth Management LLC lifted its position in GATX by 3.6% in the second quarter. HB Wealth Management LLC now owns 1,806 shares of the transportation company’s stock valued at $320,000 after buying an additional 63 shares during the last quarter. Assetmark Inc. increased its position in shares of GATX by 50.8% during the first quarter. Assetmark Inc. now owns 196 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 66 shares during the last quarter. Versant Capital Management Inc increased its position in shares of GATX by 23.3% during the second quarter. Versant Capital Management Inc now owns 407 shares of the transportation company’s stock valued at $72,000 after acquiring an additional 77 shares during the last quarter. Knights of Columbus Asset Advisors LLC increased its position in shares of GATX by 0.5% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 19,683 shares of the transportation company’s stock valued at $3,347,000 after acquiring an additional 107 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its stake in shares of GATX by 6.5% in the 3rd quarter. Kestra Advisory Services LLC now owns 1,792 shares of the transportation company’s stock valued at $305,000 after acquiring an additional 110 shares during the period. Hedge funds and other institutional investors own 93.14% of the company’s stock.

About GATX

GATX Corporation is a railcar leasing and asset-management company headquartered in Chicago. Founded in 1898, it has a long history of providing rail transportation equipment and related services to customers across a range of industries. The company’s core business is owning and leasing railcars, including freight cars and tank cars used to transport commodities and industrial products. GATX also provides services such as railcar maintenance, fleet management and remarketing. GATX serves customers in North America and international markets through its rail operations, including businesses in Europe and India.