Insider Selling: GATX Corporation (GATX) VP Sells 2,910 Shares of Stock
GATX Corporation (NYSE:GATX) VP Jeffery R. Young sold 2,910 shares of GATX Corporation stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $58.70, for a total transaction of $170,817.00. Following the sale, the vice president now directly owns 6,881 shares in the company, valued at approximately $403,914.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of GATX Corporation (GATX) traded down 0.29% on Friday, hitting $58.83. 653,313 shares of the stock traded hands. The company has a market cap of $2.28 billion, a PE ratio of 9.92 and a beta of 1.20. The firm’s 50 day moving average is $61.11 and its 200-day moving average is $60.94. GATX Corporation has a 12 month low of $40.76 and a 12 month high of $66.30.
GATX Corporation (NYSE:GATX) last posted its quarterly earnings data on Thursday, July 20th. The transportation company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.21. The firm had revenue of $348.40 million during the quarter, compared to analysts’ expectations of $352.64 million. GATX Corporation had a return on equity of 17.83% and a net margin of 17.09%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.49 EPS. Equities analysts predict that GATX Corporation will post $4.60 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 30th. Investors of record on Friday, September 15th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Thursday, September 14th. GATX Corporation’s dividend payout ratio is presently 28.38%.
Several equities research analysts have issued reports on GATX shares. Buckingham Research started coverage on shares of GATX Corporation in a research note on Wednesday, June 21st. They set a “neutral” rating and a $64.00 target price on the stock. Zacks Investment Research cut shares of GATX Corporation from a “buy” rating to a “hold” rating in a research note on Monday. Cowen and Company reaffirmed a “hold” rating and set a $63.00 target price on shares of GATX Corporation in a research note on Monday, August 28th. Stifel Nicolaus raised shares of GATX Corporation from a “sell” rating to a “hold” rating and lifted their target price for the stock from $50.00 to $54.00 in a research note on Monday, July 17th. Finally, ValuEngine raised shares of GATX Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 3rd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $55.71.
A number of institutional investors have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd purchased a new stake in GATX Corporation during the 2nd quarter worth about $272,000. Public Employees Retirement System of Ohio increased its position in GATX Corporation by 0.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 19,651 shares of the transportation company’s stock worth $1,263,000 after purchasing an additional 107 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in GATX Corporation during the 2nd quarter worth about $249,000. BlueCrest Capital Management Ltd purchased a new stake in GATX Corporation during the 2nd quarter worth about $244,000. Finally, State Street Corp increased its position in GATX Corporation by 4.5% during the 2nd quarter. State Street Corp now owns 1,392,167 shares of the transportation company’s stock worth $89,470,000 after purchasing an additional 59,729 shares in the last quarter.
GATX Corporation Company Profile
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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