Key Points
- CEO Robert Lyons sold 12,265 GATX shares at an average of $186 each, totaling about $2.28 million. He retained 56,510 shares after the sale, an 17.83% reduction in his position.
- GATX reported quarterly earnings of $2.92 per share, beating the $2.46 consensus estimate; revenue rose 36.1% year over year to $598 million.
- Analysts maintain a consensus Buy rating, with an average price target of $219.33. GATX also declared a quarterly dividend of $0.66 per share.
GATX Corporation (NYSE:GATX - Get Free Report) CEO Robert Lyons sold 12,265 shares of GATX stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $186.00, for a total transaction of $2,281,290.00. Following the completion of the transaction, the chief executive officer directly owned 56,510 shares of the company's stock, valued at $10,510,860. The trade was a 17.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
GATX Trading Down 2.1%
Shares of GATX stock opened at $186.65 on Friday. The firm has a 50-day simple moving average of $174.46 and a two-hundred day simple moving average of $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 fifty-two week low of $150.69 and a fifty-two week high of $205.56. The company has a market cap of $6.51 billion, a P/E ratio of 17.33 and a beta of 1.19.
GATX (NYSE:GATX - Get Free Report) last posted its earnings results on Thursday, October 29th. The transportation company reported $2.92 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 for the quarter, compared to analysts' expectations of $592.66 million. During the same period last year, the firm earned $2.25 EPS. The company's quarterly revenue was up 36.1% on a year-over-year basis. As a group, equities analysts predict that GATX Corporation will post 10.30 earnings per share for the current fiscal year.
GATX Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $2.64 dividend on an annualized basis and a yield of 1.4%. GATX's dividend payout ratio is presently 24.51%.
Hedge Funds Weigh In On GATX
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of GATX in the second quarter valued at about $823,055,000. Bank of America Corp DE increased its stake in shares of GATX by 0.8% during the first quarter. Bank of America Corp DE now owns 1,005,419 shares of the transportation company's stock worth $171,665,000 after purchasing an additional 7,867 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of GATX during the second quarter worth about $51,178,000. Jupiter Topco LLC acquired a new position in shares of GATX during the 2nd quarter worth about $25,363,000. Finally, Walleye Capital LLC acquired a new position in shares of GATX during the 2nd quarter worth about $21,691,000. 93.14% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts have commented on GATX shares. Weiss Ratings raised GATX from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday. Citigroup boosted their price objective on GATX from $215.00 to $216.00 and gave the company a "buy" rating in a research report on Thursday, October 8th. Finally, Susquehanna upped their target price on GATX from $218.00 to $220.00 and gave the stock a "positive" rating in a research note on Thursday. Four investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $219.33.
Check Out Our Latest Analysis on GATX
GATX Company Profile
(
Get Free Report)
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.
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