Key Points
- Director Anne Arvia sold 943 GATX shares for about $173,587, reducing her stake by 2.74%; she retained 33,457 shares.
- GATX reported quarterly EPS of $2.92, beating the $2.46 consensus, while revenue rose 36.1% year over year to $598 million.
- Analysts’ consensus rating is “Buy,” with an average price target of $219.33; GATX also announced a quarterly dividend of $0.66 per share.
GATX Corporation (NYSE:GATX - Get Free Report) Director Anne Arvia sold 943 shares of the firm'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 directly owned 33,457 shares of the company's stock, valued at approximately $6,158,764.56. This represents a 2.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.
GATX Price Performance
Shares of GATX stock opened at $187.34 on Wednesday. GATX Corporation has a fifty-two week low of $150.69 and a fifty-two week high of $205.56. The firm has a market capitalization of $6.54 billion, a price-to-earnings ratio of 17.62 and a beta of 1.19. The company has a debt-to-equity ratio of 3.37, a quick ratio of 2.38 and a current ratio of 2.38. The stock's 50-day simple moving average is $174.96 and its 200-day simple moving average is $179.12.
GATX (NYSE:GATX - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The transportation company reported $2.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.46. The firm had revenue of $598.00 million for the quarter, compared to the consensus estimate of $592.66 million. GATX had a net margin of 17.69% and a return on equity of 10.62%. The company's revenue for the quarter was up 36.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.25 earnings per share. As a group, equities analysts forecast that GATX Corporation will post 10.30 earnings per share for the current fiscal year.
GATX Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, December 15th. GATX's payout ratio is currently 24.51%.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Root Financial Partners LLC acquired a new stake in shares of GATX during the third quarter worth about $28,000. Northwestern Mutual Wealth Management Co. acquired a new stake in GATX in the second quarter valued at approximately $32,000. Assetmark Inc. raised its stake in GATX by 50.8% in the 1st quarter. Assetmark Inc. now owns 196 shares of the transportation company's stock valued at $33,000 after purchasing an additional 66 shares during the last quarter. Versant Capital Management Inc raised its position in shares of 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 during the period. Finally, Farther Finance Advisors LLC raised its holdings in shares of GATX by 53.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 688 shares of the transportation company's stock valued at $117,000 after buying an additional 239 shares during the period. 93.14% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms have issued reports on GATX. Citigroup raised their price target on shares of GATX from $215.00 to $216.00 and gave the stock a "buy" rating in a report on Thursday, October 8th. Susquehanna boosted their price objective on shares of GATX from $218.00 to $220.00 and gave the company a "positive" rating in a report on Thursday, November 5th. Finally, Weiss Ratings raised GATX from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, November 4th. Four investment 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 price target of $219.33.
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GATX Company Profile
(
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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.
Further Reading
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