Thomas A. Ellman Sells 2,239 Shares of GATX Co. (GATX) Stock
GATX Co. (NYSE:GATX) EVP Thomas A. Ellman sold 2,239 shares of the stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $61.52, for a total transaction of $137,743.28. Following the transaction, the executive vice president now directly owns 30,740 shares of the company’s stock, valued at $1,891,124.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of GATX Co. (NYSE:GATX) traded down 0.36% on Thursday, reaching $60.80. 123,355 shares of the company’s stock traded hands. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 10.02 and a beta of 1.18. GATX Co. has a 52-week low of $40.66 and a 52-week high of $64.46. The firm’s 50-day moving average is $60.13 and its 200-day moving average is $58.62.
GATX (NYSE:GATX) last issued its earnings results on Thursday, April 20th. The transportation company reported $1.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.36. GATX had a net margin of 18.13% and a return on equity of 19.97%. The firm had revenue of $316.10 million during the quarter, compared to analyst estimates of $312.24 million. The company’s quarterly revenue was down 5.5% on a year-over-year basis. Analysts anticipate that GATX Co. will post $4.55 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be given a dividend of $0.42 per share. The ex-dividend date is Tuesday, June 13th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.76%. GATX’s dividend payout ratio is 25.48%.
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Several institutional investors have recently modified their holdings of GATX. Tyers Asset Management LLC acquired a new position in GATX during the fourth quarter valued at approximately $107,000. IFP Advisors Inc increased its stake in shares of GATX by 0.4% in the first quarter. IFP Advisors Inc now owns 2,195 shares of the transportation company’s stock valued at $134,000 after buying an additional 9 shares in the last quarter. Flinton Capital Management LLC purchased a new stake in shares of GATX during the fourth quarter valued at $136,000. Bank of Montreal Can increased its stake in shares of GATX by 19.4% in the first quarter. Bank of Montreal Can now owns 2,525 shares of the transportation company’s stock valued at $154,000 after buying an additional 410 shares in the last quarter. Finally, Neuburgh Advisers LLC increased its stake in shares of GATX by 10.1% in the first quarter. Neuburgh Advisers LLC now owns 2,958 shares of the transportation company’s stock valued at $180,000 after buying an additional 272 shares in the last quarter.
A number of research analysts have recently weighed in on GATX shares. Axiom Securities reissued a “sell” rating on shares of GATX in a research report on Thursday, March 16th. Zacks Investment Research raised shares of GATX from a “sell” rating to a “hold” rating in a report on Monday, February 27th. Finally, Cowen and Company reaffirmed a “market perform” rating and issued a $63.00 price objective (up from $62.00) on shares of GATX in a report on Sunday, April 23rd. Three analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $50.20.
GATX Corporation is a global railcar lessor, owning fleets in North America, Europe, and Asia. In addition, the Company operates fleet of the United States-flagged vessels on the Great Lakes and jointly with Rolls-Royce plc, it owns aircraft spare engine lease portfolios in the world. It operates through four business segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management.
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