Key Points
- SVP Kevin Hillesland sold 1,900 GATX shares for about $355,794, reducing his holdings by 20.85% to 7,212 shares.
- GATX reported quarterly EPS of $2.92, beating the $2.46 consensus, while revenue rose 36.1% year over year to $598 million.
- The company declared a quarterly dividend of $0.66 per share, equivalent to an annualized yield of 1.4%; analysts’ consensus rating is “Buy,” with an average target of $219.33.
GATX Corporation (NYSE:GATX - Get Free Report) SVP Kevin Hillesland sold 1,900 shares of the business's stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $187.26, for a total transaction of $355,794.00. Following the sale, the senior vice president owned 7,212 shares in the company, valued at $1,350,519.12. This trade represents a 20.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
GATX Stock Performance
GATX opened at $182.73 on Friday. GATX Corporation has a 1-year low of $150.69 and a 1-year high of $205.56. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.38 and a quick ratio of 3.90. The stock's 50 day simple moving average is $174.55 and its 200 day simple moving average is $179.10. The stock has a market cap of $6.38 billion, a P/E ratio of 16.97 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, topping analysts' consensus estimates of $2.46 by $0.46. The business had revenue of $598.00 million for the quarter, compared to analysts' expectations of $592.66 million. GATX had a net margin of 17.69% and a return on equity of 10.62%. The business's revenue for the quarter was up 36.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.25 earnings per share. As a group, equities analysts anticipate that GATX Corporation will post 10.30 EPS for the current fiscal year.
GATX Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.4%. GATX's dividend payout ratio is currently 24.51%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of GATX during the 2nd quarter worth $823,055,000. Bank of America Corp DE lifted its holdings 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 during the period. Bank of New York Mellon Corp bought a new stake in shares of GATX in the 2nd quarter valued at about $51,178,000. Jupiter Topco LLC acquired a new stake in GATX during the 2nd quarter valued at approximately $25,363,000. Finally, Walleye Capital LLC bought a new position in GATX during the second quarter worth $21,691,000. 93.14% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities analysts recently issued reports on GATX shares. Citigroup boosted their price target on GATX from $215.00 to $216.00 and gave the company a "buy" rating in a research note on Thursday, October 8th. Susquehanna lifted their price target on shares of GATX from $218.00 to $220.00 and gave the company a "positive" rating in a report on Thursday. Finally, Weiss Ratings upgraded GATX from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday. Four investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $219.33.
Get Our Latest Report on GATX
About GATX
(
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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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