GATX (NYSE:GATX) VP Jennifer Mcmanus Sells 3,000 Shares of Stock

GATX Corporation (NYSE:GATX) VP Jennifer McManus sold 3,000 shares of the company’s stock in a transaction dated Thursday, November 12th. The stock was sold at an average price of $187.96, for a total value of $563,880.00. Following the transaction, the vice president directly owned 3,497 shares of the company’s stock, valued at approximately $657,296.12. This represents a 46.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

GATX Stock Up 0.8%

Shares of GATX traded up $1.50 during mid-day trading on Friday, reaching $190.80. The company’s stock had a trading volume of 165,683 shares, compared to its average volume of 213,778. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.38 and a quick ratio of 2.38. GATX Corporation has a 12-month low of $150.69 and a 12-month high of $205.56. The stock has a market cap of $6.66 billion, a PE ratio of 17.72 and a beta of 1.19. The company’s 50 day moving average is $175.78 and its 200 day moving average is $179.20.

GATX (NYSE:GATX) last announced its quarterly earnings results 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. GATX had a return on equity of 10.62% and a net margin of 17.69%. The firm had revenue of $598.00 million during the quarter, compared to the consensus estimate of $592.66 million. During the same period in the prior year, the company posted $2.25 earnings per share. The firm’s quarterly revenue was up 36.1% compared to the same quarter last year. Equities analysts anticipate that GATX Corporation will post 10.30 EPS for the current fiscal year.

GATX Dividend Announcement

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

Institutional Investors Weigh In On GATX

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GATX. Bank of America Corp DE acquired a new position in GATX in the 2nd quarter valued at about $178,042,000. Philadelphia Financial Management of San Francisco LLC purchased a new stake in GATX during the 2nd quarter valued at approximately $8,948,095. NFJ Investment Group LLC acquired a new stake in GATX during the 2nd quarter worth approximately $2,435,000. Susquehanna Fundamental Investments LLC lifted its position in GATX by 113.8% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 18,287 shares of the transportation company’s stock worth $3,240,000 after acquiring an additional 9,732 shares during the period. Finally, Walleye Capital LLC acquired a new stake in GATX during the 2nd quarter worth approximately $21,691,000. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Analyst Ratings Changes

GATX has been the topic of several research analyst reports. Susquehanna lifted their price target on shares of GATX from $218.00 to $220.00 and gave the stock a “positive” rating in a research note on Thursday, November 5th. Citigroup upped their price objective on shares of GATX from $215.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, October 8th. Finally, Weiss Ratings raised GATX from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, November 4th. Four equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $219.33.

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.