GATX (NYSE:GATX) Stock Price Down 5% on Disappointing Earnings

Shares of GATX Co. (NYSE:GATX) were down 5% during trading on Tuesday following a dissappointing earnings announcement. The company traded as low as $135.62 and last traded at $138.03. Approximately 30,178 shares traded hands during trading, a decline of 80% from the average daily volume of 149,448 shares. The stock had previously closed at $145.35.

The transportation company reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). GATX had a return on equity of 10.72% and a net margin of 15.86%. The firm had revenue of $386.70 million during the quarter, compared to analyst estimates of $385.45 million. During the same quarter in the prior year, the company posted $1.73 EPS. The company’s quarterly revenue was up 12.7% on a year-over-year basis.

GATX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, June 30th. Shareholders of record on Friday, June 14th were issued a dividend of $0.58 per share. The ex-dividend date was Friday, June 14th. This represents a $2.32 annualized dividend and a yield of 1.72%. GATX’s dividend payout ratio (DPR) is presently 33.05%.

Wall Street Analysts Forecast Growth

Separately, Susquehanna increased their price target on GATX from $120.00 to $122.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th.

Insider Buying and Selling at GATX

In other GATX news, Director Anne L. Arvia sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $131.98, for a total transaction of $131,980.00. Following the transaction, the director now owns 32,477 shares in the company, valued at $4,286,314.46. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Anne L. Arvia sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $131.98, for a total value of $131,980.00. Following the completion of the sale, the director now directly owns 32,477 shares of the company’s stock, valued at $4,286,314.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paul F. Titterton sold 9,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $139.37, for a total value of $1,254,330.00. Following the completion of the sale, the executive vice president now directly owns 11,373 shares of the company’s stock, valued at $1,585,055.01. The disclosure for this sale can be found here. Insiders have sold a total of 14,800 shares of company stock worth $2,056,678 over the last 90 days. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On GATX

Several hedge funds have recently modified their holdings of the business. Fifth Third Bancorp boosted its position in shares of GATX by 0.3% in the second quarter. Fifth Third Bancorp now owns 34,792 shares of the transportation company’s stock valued at $4,605,000 after acquiring an additional 96 shares during the period. Nisa Investment Advisors LLC lifted its position in GATX by 1.2% in the second quarter. Nisa Investment Advisors LLC now owns 10,318 shares of the transportation company’s stock worth $1,366,000 after purchasing an additional 118 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in GATX by 6.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 347,451 shares of the transportation company’s stock worth $45,989,000 after purchasing an additional 20,985 shares during the period. Raymond James & Associates lifted its position in GATX by 5.9% in the second quarter. Raymond James & Associates now owns 32,071 shares of the transportation company’s stock worth $4,245,000 after purchasing an additional 1,787 shares during the period. Finally, Gradient Investments LLC bought a new position in GATX in the second quarter worth $25,000. 93.14% of the stock is owned by institutional investors.

GATX Stock Performance

The stock has a market capitalization of $4.80 billion, a P/E ratio of 19.20 and a beta of 0.96. The firm has a 50-day moving average of $135.74 and a 200 day moving average of $130.38. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 3.28.

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.