Insider Selling: GATX (NYSE:GATX) SVP Sells $355,794.00 in Stock

GATX Corporation (NYSE:GATX) SVP Kevin Hillesland sold 1,900 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $187.26, for a total transaction of $355,794.00. Following the transaction, the senior vice president directly owned 7,212 shares of the company’s stock, valued at $1,350,519.12. The trade was a 20.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

GATX Price Performance

NYSE GATX traded down $2.65 on Friday, reaching $183.76. The company’s stock had a trading volume of 52,855 shares, compared to its average volume of 219,538. The firm has a market cap of $6.41 billion, a PE ratio of 17.07 and a beta of 1.19. The business has a 50-day moving average price of $174.46 and a 200 day moving average price of $179.08. GATX Corporation has a 52 week low of $150.69 and a 52 week high of $205.56. The company has a current ratio of 2.38, a quick ratio of 3.90 and a debt-to-equity ratio of 3.37.

GATX (NYSE:GATX) last announced its quarterly earnings results on Thursday, October 29th. The transportation company reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.46. The firm had revenue of $598.00 million during the quarter, compared to analysts’ expectations 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 last year, the company earned $2.25 earnings per share. Sell-side analysts expect that GATX Corporation will post 10.30 EPS for the current year.

GATX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors 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 dividend yield of 1.4%. The ex-dividend date is Tuesday, December 15th. GATX’s dividend payout ratio (DPR) is 24.51%.

Hedge Funds Weigh In On GATX

Large investors have recently modified their holdings of the stock. Root Financial Partners LLC acquired a new stake in GATX in the third quarter worth about $28,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of GATX during the second quarter worth approximately $32,000. Assetmark Inc. raised its stake in shares of GATX by 50.8% during the first quarter. Assetmark Inc. now owns 196 shares of the transportation company’s stock worth $33,000 after buying an additional 66 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of GATX by 23.3% during the second quarter. Versant Capital Management Inc now owns 407 shares of the transportation company’s stock worth $72,000 after buying an additional 77 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in GATX by 53.2% in the third 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 institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Susquehanna upped their price target on GATX from $218.00 to $220.00 and gave the company a “positive” rating in a research report on Thursday. Weiss Ratings raised shares of GATX from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. Finally, Citigroup increased their target price on shares of GATX from $215.00 to $216.00 and gave the stock a “buy” rating in a research report on Thursday, October 8th. Four research analysts have rated the stock with a Buy rating. According to data from MarketBeat, GATX presently has a consensus rating of “Buy” and a consensus target price of $219.33.

About GATX

GATX Corporation is a global asset-leasing company focused primarily on rail transportation. Through its rail businesses, the company owns, leases and manages a diverse fleet of freight railcars used to transport commodities and manufactured goods, including tank cars, covered and open hoppers, boxcars and specialized rail equipment. GATX also provides fleet management, maintenance and other services that support railcar customers.

GATX serves customers across North America and Europe through operations that include GATX Rail North America and GATX Rail Europe.