GATX Co. (NYSE:GATX - Get Free Report) VP Jennifer Mcmanus sold 1,800 shares of GATX stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $154.92, for a total value of $278,856.00. Following the completion of the transaction, the vice president now directly owns 3,468 shares in the company, valued at $537,262.56. This trade represents a 34.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
GATX Trading Down 1.9%
GATX stock opened at $153.02 on Friday. The company has a current ratio of 2.77, a quick ratio of 3.41 and a debt-to-equity ratio of 3.37. The business's fifty day simple moving average is $148.83 and its two-hundred day simple moving average is $155.28. GATX Co. has a 12 month low of $127.00 and a 12 month high of $168.89. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of 19.69 and a beta of 1.19.
GATX (NYSE:GATX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.09 by $0.06. The firm had revenue of $421.60 million for the quarter, compared to the consensus estimate of $417.06 million. GATX had a return on equity of 12.07% and a net margin of 17.92%. The company's quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.01 earnings per share. As a group, equities analysts predict that GATX Co. will post 8.5 earnings per share for the current fiscal year.
GATX Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Friday, June 13th. GATX's dividend payout ratio is 30.93%.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of GATX. Vanguard Group Inc. increased its position in GATX by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 3,949,889 shares of the transportation company's stock worth $612,075,000 after buying an additional 17,885 shares in the last quarter. Earnest Partners LLC grew its position in shares of GATX by 1.2% during the fourth quarter. Earnest Partners LLC now owns 3,113,589 shares of the transportation company's stock worth $482,482,000 after purchasing an additional 35,890 shares in the last quarter. American Century Companies Inc. grew its position in shares of GATX by 12.1% during the fourth quarter. American Century Companies Inc. now owns 1,099,447 shares of the transportation company's stock worth $170,370,000 after purchasing an additional 118,306 shares in the last quarter. Wellington Management Group LLP grew its position in shares of GATX by 1.7% during the fourth quarter. Wellington Management Group LLP now owns 1,021,743 shares of the transportation company's stock worth $158,329,000 after purchasing an additional 17,273 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of GATX by 6.6% during the fourth quarter. Sei Investments Co. now owns 902,691 shares of the transportation company's stock worth $139,881,000 after purchasing an additional 56,041 shares in the last quarter. Institutional investors own 93.14% of the company's stock.
Wall Street Analyst Weigh In
GATX has been the topic of several research analyst reports. Susquehanna reduced their target price on GATX from $165.00 to $160.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group reissued a "buy" rating on shares of GATX in a research note on Wednesday, April 23rd.
View Our Latest Stock Analysis on GATX
GATX Company Profile
(
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GATX Corporation, together its subsidiaries, operates as railcar leasing company in the United States, Canada, Mexico, Europe, and India. It operates through three segments: Rail North America, Rail International, and Portfolio Management. The company leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.
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