GATX (NYSE:GATX) Director Sells $173,587.44 in Stock

GATX Corporation (NYSE:GATX) Director Anne Arvia sold 943 shares of the company’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $184.08, for a total value of $173,587.44. Following the completion of the sale, the director owned 33,457 shares of the company’s stock, valued at approximately $6,158,764.56. The trade was a 2.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

GATX Stock Up 0.8%

NYSE GATX opened at $189.09 on Friday. The stock’s 50-day moving average price is $175.51 and its 200-day moving average price is $179.17. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 3.37. GATX Corporation has a 52 week low of $150.69 and a 52 week high of $205.56. The company has a market capitalization of $6.60 billion, a P/E ratio of 17.79 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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.46. The company had revenue of $598.00 million during the quarter, compared to the consensus estimate of $592.66 million. GATX had a return on equity of 10.62% and a net margin of 17.69%. The firm’s revenue was up 36.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.25 EPS. On average, equities research analysts predict that GATX Corporation will post 10.30 earnings per share for the current year.

GATX Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $2.64 annualized dividend and a yield of 1.4%. GATX’s payout ratio is currently 24.51%.

Analysts Set New Price Targets

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

Institutional Trading of GATX

Several institutional investors have recently made changes to their positions in the business. Root Financial Partners LLC purchased a new position in GATX in the 3rd quarter worth approximately $28,000. Northwestern Mutual Wealth Management Co. bought a new position in GATX in the 2nd quarter worth approximately $32,000. Assetmark Inc. grew its holdings in GATX by 50.8% during the 1st quarter. Assetmark Inc. now owns 196 shares of the transportation company’s stock valued at $33,000 after buying an additional 66 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in GATX during the 3rd quarter valued at approximately $63,000. Finally, Versant Capital Management Inc grew its holdings in GATX by 23.3% during the 2nd quarter. Versant Capital Management Inc now owns 407 shares of the transportation company’s stock valued at $72,000 after buying an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

GATX Company Profile

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.