Insider Selling: GATX Co. (GATX) EVP Sells $77,959.37 in Stock
GATX Co. (NASDAQ:GATX) EVP Thomas A. Ellman sold 1,739 shares of the firm’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $44.83, for a total transaction of $77,959.37. Following the completion of the sale, the executive vice president now owns 22,126 shares of the company’s stock, valued at $991,908.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
GATX Co. (NASDAQ:GATX) opened at 50.25 on Monday. The stock’s 50 day moving average is $44.72 and its 200 day moving average is $44.65. GATX Co. has a 12-month low of $33.53 and a 12-month high of $52.02. The stock has a market capitalization of $2.00 billion and a price-to-earnings ratio of 7.35.
GATX (NASDAQ:GATX) last announced its earnings results on Thursday, October 20th. The company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.93. The business had revenue of $362.90 million for the quarter, compared to analysts’ expectations of $369.38 million. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. Equities analysts predict that GATX Co. will post $5.68 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 31st. Stockholders of record on Thursday, December 15th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Tuesday, December 13th.
Several analysts have commented on the stock. Zacks Investment Research lowered shares of GATX from a “strong-buy” rating to a “hold” rating in a report on Monday, October 24th. TheStreet lowered shares of GATX from a “buy” rating to a “hold” rating in a report on Wednesday, September 28th. Credit Agricole SA assumed coverage on shares of GATX in a report on Friday, September 30th. They issued an “underperform” rating and a $45.00 price objective for the company. Finally, Stifel Nicolaus restated a “hold” rating on shares of GATX in a report on Thursday, August 25th.
GATX Corporation is a railcar lessor, owning fleets in North America, Europe and Asia. The Company operates through four segments: Rail North America, Rail International, American Steamship Company (ASC) and Portfolio Management. Rail North America provides railcars pursuant to full-service leases under which it maintains the railcars, pays ad valorem taxes and insurance, and provides other ancillary services.
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