GATX Co. (GATX) EVP James F. Earl Sells 4,299 Shares
GATX Co. (NASDAQ:GATX) EVP James F. Earl sold 4,299 shares of the company’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $50.70, for a total value of $217,959.30. Following the completion of the transaction, the executive vice president now directly owns 107,445 shares in the company, valued at approximately $5,447,461.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of GATX Co. (NASDAQ:GATX) traded up 0.71% during trading on Friday, reaching $51.18. The company’s stock had a trading volume of 382,897 shares. The stock has a 50 day moving average of $45.65 and a 200-day moving average of $44.79. GATX Co. has a 1-year low of $33.53 and a 1-year high of $52.02. The company has a market capitalization of $2.04 billion and a PE ratio of 7.48.
GATX (NASDAQ:GATX) last issued its quarterly earnings data on Thursday, October 20th. The company reported $2.25 EPS for the quarter, beating the consensus estimate of $1.32 by $0.93. The business earned $362.90 million during the quarter, compared to analyst estimates of $369.38 million. GATX’s quarterly revenue was down 6.0% compared to the same quarter last year. On average, analysts expect that GATX Co. will post $5.68 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, December 31st. Stockholders of record on Thursday, December 15th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Tuesday, December 13th.
Several equities analysts have commented on the company. TheStreet raised GATX from a “hold” rating to a “buy” rating in a research report on Monday. Zacks Investment Research downgraded GATX from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 24th. Stifel Nicolaus reaffirmed a “hold” rating on shares of GATX in a research report on Thursday, August 25th. Finally, Credit Agricole SA assumed coverage on GATX in a research report on Friday, September 30th. They issued an “underperform” rating and a $45.00 price objective on the stock.
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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