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

GATX Co. (NYSE:GATX) VP Robert Zmudka sold 4,800 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $139.66, for a total value of $670,368.00. Following the sale, the vice president now owns 7,493 shares of the company’s stock, valued at approximately $1,046,472.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

GATX Trading Down 1.9 %

Shares of GATX stock opened at $138.17 on Thursday. The stock has a fifty day simple moving average of $131.15 and a 200 day simple moving average of $123.53. GATX Co. has a 12-month low of $97.21 and a 12-month high of $141.24. The company has a market capitalization of $4.92 billion, a P/E ratio of 19.68 and a beta of 1.00. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 3.28.

GATX (NYSE:GATX) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.29. GATX had a return on equity of 11.29% and a net margin of 17.64%. The business had revenue of $379.90 million during the quarter, compared to the consensus estimate of $375.80 million. During the same quarter in the prior year, the company posted $2.20 earnings per share. GATX’s revenue was up 12.1% compared to the same quarter last year. On average, sell-side analysts anticipate that GATX Co. will post 7.61 earnings per share for the current fiscal year.

GATX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 30th. Shareholders of record on Friday, June 14th will be given a $0.58 dividend. The ex-dividend date is Friday, June 14th. This represents a $2.32 annualized dividend and a yield of 1.68%. GATX’s dividend payout ratio is currently 33.05%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in GATX by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 3,917,862 shares of the transportation company’s stock worth $471,005,000 after purchasing an additional 14,420 shares during the last quarter. Earnest Partners LLC boosted its position in GATX by 2.7% in the first quarter. Earnest Partners LLC now owns 3,049,841 shares of the transportation company’s stock worth $408,770,000 after purchasing an additional 80,087 shares during the last quarter. Sei Investments Co. boosted its position in GATX by 5.7% in the first quarter. Sei Investments Co. now owns 828,719 shares of the transportation company’s stock worth $111,073,000 after purchasing an additional 44,517 shares during the last quarter. American Century Companies Inc. boosted its position in GATX by 22.6% in the third quarter. American Century Companies Inc. now owns 468,726 shares of the transportation company’s stock worth $51,011,000 after purchasing an additional 86,501 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of GATX by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 447,361 shares of the transportation company’s stock valued at $53,782,000 after buying an additional 6,476 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wells Fargo & Company boosted their price objective on GATX from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Susquehanna boosted their price objective on GATX from $120.00 to $122.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Finally, TD Cowen boosted their price objective on GATX from $122.00 to $136.00 and gave the company a “market perform” rating in a report on Wednesday, January 24th.

About GATX

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.