GATX (NYSE:GATX) Stock: Insider Jennifer Mcmanus Sells 3,000 Shares

GATX Corporation (NYSE:GATX) VP Jennifer McManus sold 3,000 shares of GATX stock in a transaction that occurred 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 sale, the vice president owned 3,497 shares of the company’s stock, valued at $657,296.12. This trade represents a 46.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

GATX Trading Up 0.8%

NYSE GATX traded up $1.50 on Friday, reaching $190.80. The stock had a trading volume of 165,683 shares, compared to its average volume of 218,670. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 3.37. The stock has a fifty day moving average price of $175.51 and a two-hundred day moving average price of $179.17. GATX Corporation has a 12-month low of $150.69 and a 12-month high of $205.56. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 17.72 and a beta of 1.19.

GATX (NYSE:GATX) last released its quarterly earnings results on Thursday, October 29th. The transportation company reported $2.92 EPS for the quarter, topping the consensus estimate of $2.46 by $0.46. GATX had a return on equity of 10.62% and a net margin of 17.69%. The business had revenue of $598.00 million during the quarter, compared to analyst estimates of $592.66 million. During the same period last year, the business posted $2.25 earnings per share. The company’s quarterly revenue was up 36.1% on a year-over-year basis. As a group, sell-side analysts forecast that GATX Corporation will post 10.30 EPS for the current fiscal year.

GATX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, December 15th. GATX’s payout ratio is currently 24.51%.

Institutional Investors Weigh In On GATX

Several large investors have recently added to or reduced their stakes in GATX. Root Financial Partners LLC acquired a new stake in GATX during the 3rd quarter worth approximately $28,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of GATX in the second quarter worth $32,000. Assetmark Inc. grew its stake in shares of GATX by 50.8% in the first quarter. Assetmark Inc. now owns 196 shares of the transportation company’s stock worth $33,000 after acquiring an additional 66 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in shares of GATX in the third quarter worth $63,000. Finally, Versant Capital Management Inc grew its stake in shares of GATX by 23.3% in the second quarter. Versant Capital Management Inc now owns 407 shares of the transportation company’s stock worth $72,000 after acquiring an additional 77 shares in the last quarter. 93.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GATX has been the topic of several research reports. Citigroup increased their target price on GATX from $215.00 to $216.00 and gave the stock a “buy” rating in a research note on Thursday, October 8th. Weiss Ratings raised GATX from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, November 4th. Finally, Susquehanna boosted their price target on shares of GATX from $218.00 to $220.00 and gave the stock a “positive” rating in a research note on Thursday, November 5th. Four investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $219.33.

GATX Company Profile

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.