Key Points
- GATX VP Jennifer McManus sold 3,000 shares for $563,880, reducing her ownership by 46.18% to 3,497 shares.
- GATX reported quarterly EPS of $2.92, beating the $2.46 analyst estimate; revenue rose 36.1% year over year to $598 million.
- Analysts have a consensus Buy rating and an average price target of $219.33. GATX also declared a $0.66 quarterly dividend, equivalent to a 1.4% yield.
GATX Corporation (NYSE:GATX - Get Free Report) VP Jennifer McManus sold 3,000 shares of GATX stock in a transaction on Thursday, November 12th. The shares were sold at an average price of $187.96, for a total transaction of $563,880.00. Following the completion of the transaction, the vice president owned 3,497 shares in the company, valued at approximately $657,296.12. This trade represents a 46.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
GATX Stock Performance
GATX traded up $1.50 during trading on Friday, hitting $190.80. The 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 quick ratio of 2.38 and a current ratio of 2.38. The firm has a market capitalization of $6.66 billion, a P/E ratio of 17.72 and a beta of 1.19. The company's 50-day moving average price is $175.78 and its 200 day moving average price is $179.20. GATX Corporation has a twelve month low of $150.69 and a twelve month high of $205.56.
GATX (NYSE:GATX - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The transportation company reported $2.92 EPS for the quarter, topping analysts' consensus estimates of $2.46 by $0.46. GATX had a net margin of 17.69% and a return on equity of 10.62%. The company had revenue of $598.00 million during the quarter, compared to the consensus estimate of $592.66 million. During the same quarter in the prior year, the firm earned $2.25 EPS. GATX's quarterly revenue was up 36.1% on a year-over-year basis. On average, equities research analysts forecast that GATX Corporation will post 10.30 EPS for the current fiscal year.
GATX Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, December 15th. GATX's dividend payout ratio is presently 24.51%.
Hedge Funds Weigh In On GATX
A number of institutional investors have recently made changes to their positions in the stock. Root Financial Partners LLC purchased a new stake in shares of GATX in the third quarter valued at $28,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of GATX during the second quarter valued at $32,000. Assetmark Inc. increased its position in GATX by 50.8% during the 1st quarter. Assetmark Inc. now owns 196 shares of the transportation company's stock worth $33,000 after purchasing an additional 66 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in GATX during the 3rd quarter worth about $63,000. Finally, Versant Capital Management Inc increased its position in GATX by 23.3% during the 2nd quarter. Versant Capital Management Inc now owns 407 shares of the transportation company's stock worth $72,000 after purchasing an additional 77 shares in the last quarter. 93.14% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on GATX. Weiss Ratings upgraded shares of GATX from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, November 4th. Citigroup upped their price target on shares of GATX from $215.00 to $216.00 and gave the company a "buy" rating in a report on Thursday, October 8th. Finally, Susquehanna increased their price target on shares of GATX from $218.00 to $220.00 and gave the company a "positive" rating in a research report on Thursday, November 5th. Four research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $219.33.
Check Out Our Latest Stock Report on GATX
GATX Company Profile
(
Get Free Report)
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.
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