Jeffery R. Young Sells 2,910 Shares of GATX Corporation (GATX) Stock
GATX Corporation (NYSE:GATX) VP Jeffery R. Young sold 2,910 shares of GATX Corporation stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $58.70, for a total value of $170,817.00. Following the completion of the sale, the vice president now directly owns 6,881 shares in the company, valued at approximately $403,914.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
GATX Corporation (NYSE:GATX) opened at 58.83 on Friday. GATX Corporation has a 12 month low of $40.90 and a 12 month high of $66.30. The firm has a market cap of $2.28 billion, a P/E ratio of 9.92 and a beta of 1.20. The firm’s 50-day moving average price is $61.04 and its 200-day moving average price is $60.93.
GATX Corporation (NYSE:GATX) last posted its earnings results on Thursday, July 20th. The transportation company reported $1.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.21. GATX Corporation had a net margin of 17.09% and a return on equity of 17.83%. The firm had revenue of $348.40 million for the quarter, compared to analysts’ expectations of $352.64 million. During the same quarter last year, the firm earned $1.49 EPS. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, equities research analysts expect that GATX Corporation will post $4.60 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, September 30th. Shareholders of record on Friday, September 15th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.68 annualized dividend and a dividend yield of 2.86%. GATX Corporation’s dividend payout ratio is currently 28.38%.
Several institutional investors have recently bought and sold shares of GATX. Tyers Asset Management LLC lifted its position in shares of GATX Corporation by 10.1% during the 1st quarter. Tyers Asset Management LLC now owns 1,914 shares of the transportation company’s stock worth $117,000 after buying an additional 176 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new position in shares of GATX Corporation during the 2nd quarter worth approximately $118,000. IFP Advisors Inc lifted its position in shares of GATX Corporation by 2.9% during the 2nd quarter. IFP Advisors Inc now owns 2,259 shares of the transportation company’s stock worth $145,000 after buying an additional 64 shares in the last quarter. Flinton Capital Management LLC lifted its position in shares of GATX Corporation by 10.1% during the 1st quarter. Flinton Capital Management LLC now owns 2,436 shares of the transportation company’s stock worth $149,000 after buying an additional 224 shares in the last quarter. Finally, Riverhead Capital Management LLC lifted its position in shares of GATX Corporation by 55.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,331 shares of the transportation company’s stock worth $150,000 after buying an additional 831 shares in the last quarter.
A number of analysts recently issued reports on the company. Zacks Investment Research raised GATX Corporation from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research report on Friday. BidaskClub downgraded GATX Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, September 9th. ValuEngine raised GATX Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Cowen and Company reaffirmed a “hold” rating and issued a $63.00 target price on shares of GATX Corporation in a research report on Monday, August 28th. Finally, Axiom Securities reaffirmed a “sell” rating on shares of GATX Corporation in a research report on Wednesday, July 26th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $55.71.
GATX Corporation Company Profile
GATX Corporation is a global railcar lessor, owning fleets in North America, Europe, and Asia. In addition, the Company operates fleet of the United States-flagged vessels on the Great Lakes and jointly with Rolls-Royce plc, it owns aircraft spare engine lease portfolios in the world. It operates through four business segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management.
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