GATX (NYSE:GATX) Stock: Insider Robert Lyons Sells 12,265 Shares

GATX Corporation (NYSE:GATX) CEO Robert Lyons sold 12,265 shares of the stock in a transaction 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 transaction, the chief executive officer owned 56,510 shares in the company, valued at approximately $10,510,860. This trade represents a 17.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

GATX Stock Down 2.1%

Shares of GATX stock traded down $4.07 during midday trading on Thursday, reaching $186.65. 189,067 shares of the company’s stock traded hands, compared to its average volume of 219,182. The company has a market cap of $6.51 billion, a price-to-earnings ratio of 18.08 and a beta of 1.19. The company’s 50 day simple moving average is $174.46 and its 200 day simple moving average is $179.08. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.90 and a current ratio of 2.38. GATX Corporation has a 52 week low of $150.69 and a 52 week high of $205.56.

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

GATX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be issued 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 dividend payout ratio (DPR) is 24.51%.

Analyst Upgrades and Downgrades

GATX has been the subject of several recent analyst reports. Susquehanna upped their price target on GATX from $218.00 to $220.00 and gave the stock a “positive” rating in a research note on Thursday. Weiss Ratings downgraded GATX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, October 21st. Finally, Citigroup raised their price objective on GATX from $215.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, October 8th. Four investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $219.33.

Institutional Trading of GATX

Large investors have recently modified their holdings of the company. HB Wealth Management LLC grew its stake in GATX by 3.6% in the 2nd 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. raised its holdings in GATX by 50.8% in the 1st quarter. Assetmark Inc. now owns 196 shares of the transportation company’s stock worth $33,000 after acquiring an additional 66 shares during the period. Versant Capital Management Inc raised its holdings in GATX by 23.3% in the 2nd quarter. Versant Capital Management Inc now owns 407 shares of the transportation company’s stock worth $72,000 after acquiring an additional 77 shares during the period. Knights of Columbus Asset Advisors LLC raised its holdings in GATX by 0.5% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 19,683 shares of the transportation company’s stock worth $3,347,000 after acquiring an additional 107 shares during the period. Finally, Kestra Advisory Services LLC lifted its position in GATX by 6.5% during the 3rd quarter. Kestra Advisory Services LLC now owns 1,792 shares of the transportation company’s stock worth $305,000 after acquiring an additional 110 shares during the last quarter. 93.14% of the stock is owned by institutional investors.

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.