GATX Co. (NYSE:GATX) VP Robert Zmudka Sells 4,800 Shares

GATX Co. (NYSE:GATX) VP Robert Zmudka sold 4,800 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $163.83, for a total value of $786,384.00. Following the completion of the transaction, the vice president now owns 7,493 shares in the company, valued at $1,227,578.19. This represents a 39.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

GATX Stock Down 0.6 %

Shares of NYSE:GATX opened at $165.52 on Friday. GATX Co. has a 1 year low of $122.00 and a 1 year high of $168.29. The company has a market capitalization of $5.88 billion, a PE ratio of 21.30 and a beta of 0.99. The business has a fifty day moving average price of $158.85 and a two-hundred day moving average price of $146.59. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.77 and a quick ratio of 3.41.

GATX (NYSE:GATX) last released its earnings results on Thursday, January 23rd. The transportation company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.25. GATX had a net margin of 17.92% and a return on equity of 12.07%. During the same period in the previous year, the business earned $1.74 EPS. Analysts forecast that GATX Co. will post 8.5 earnings per share for the current year.

GATX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from GATX’s previous quarterly dividend of $0.58. This represents a $2.44 annualized dividend and a dividend yield of 1.47%. GATX’s payout ratio is presently 29.86%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Sidoti cut GATX from a “buy” rating to a “neutral” rating and set a $158.00 price objective on the stock. in a research note on Wednesday, December 4th. Susquehanna upped their price objective on shares of GATX from $122.00 to $140.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Finally, The Goldman Sachs Group initiated coverage on shares of GATX in a research note on Monday, November 18th. They issued a “buy” rating and a $185.00 price objective for the company.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GATX. State Street Corp lifted its stake in shares of GATX by 0.6% during the 3rd quarter. State Street Corp now owns 1,294,895 shares of the transportation company’s stock valued at $171,509,000 after buying an additional 7,585 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of GATX by 1.5% in the third quarter. Geode Capital Management LLC now owns 849,603 shares of the transportation company’s stock worth $112,550,000 after acquiring an additional 12,571 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of GATX by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 478,214 shares of the transportation company’s stock valued at $74,104,000 after purchasing an additional 3,485 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of GATX by 2.9% in the fourth quarter. New York State Common Retirement Fund now owns 183,722 shares of the transportation company’s stock valued at $28,470,000 after purchasing an additional 5,163 shares in the last quarter. Finally, Natixis Advisors LLC raised its stake in shares of GATX by 2.2% during the 3rd quarter. Natixis Advisors LLC now owns 167,651 shares of the transportation company’s stock valued at $22,206,000 after purchasing an additional 3,580 shares during the period. Institutional investors own 93.14% of the company’s stock.

GATX Company Profile

GATX Corporation, together its subsidiaries, operates as railcar leasing company in the United States, Canada, Mexico, Europe, and India. It operates through three segments: Rail North America, Rail International, and Portfolio Management. The company leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.