GATX Co. (GATX) EVP Sells $234,483.37 in Stock

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GATX Co. (NYSE:GATX) EVP Deborah A. Golden sold 2,869 shares of the firm’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $81.73, for a total transaction of $234,483.37. Following the transaction, the executive vice president now directly owns 43,610 shares of the company’s stock, valued at $3,564,245.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

GATX opened at $83.17 on Friday. The firm has a market cap of $3.09 billion, a P/E ratio of 16.15, a P/E/G ratio of 1.08 and a beta of 1.39. GATX Co. has a fifty-two week low of $56.00 and a fifty-two week high of $91.12. The company has a debt-to-equity ratio of 2.43, a current ratio of 2.77 and a quick ratio of 2.77.

GATX (NYSE:GATX) last posted its earnings results on Thursday, July 19th. The transportation company reported $1.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.24. The company had revenue of $349.50 million during the quarter, compared to analysts’ expectations of $340.50 million. GATX had a net margin of 37.03% and a return on equity of 11.34%. GATX’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the company posted $1.32 earnings per share. research analysts predict that GATX Co. will post 5.06 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 30th. Shareholders of record on Friday, September 14th will be paid a $0.44 dividend. The ex-dividend date is Thursday, September 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.12%. GATX’s payout ratio is currently 37.45%.

Large investors have recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of GATX in the 2nd quarter worth $148,000. Mount Yale Investment Advisors LLC purchased a new position in shares of GATX in the 1st quarter worth $191,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of GATX by 42.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,824 shares of the transportation company’s stock worth $193,000 after buying an additional 841 shares in the last quarter. M&T Bank Corp purchased a new position in shares of GATX in the 1st quarter worth $205,000. Finally, Trexquant Investment LP purchased a new position in shares of GATX in the 2nd quarter worth $279,000.

Several research firms recently weighed in on GATX. Mizuho reaffirmed a “buy” rating and set a $95.00 target price on shares of GATX in a research note on Friday, July 20th. Buckingham Research raised their target price on shares of GATX from $67.00 to $74.00 and gave the company a “neutral” rating in a research note on Friday, July 27th. Zacks Investment Research cut shares of GATX from a “buy” rating to a “hold” rating in a research note on Monday, September 3rd. Stifel Nicolaus set a $78.00 target price on shares of GATX and gave the company a “hold” rating in a research note on Thursday, July 19th. Finally, ValuEngine raised shares of GATX from a “hold” rating to a “buy” rating in a research note on Friday, June 29th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. GATX currently has a consensus rating of “Hold” and a consensus target price of $81.17.

About GATX

GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets in North America and internationally. The company operates through four segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management. The Rail North America segment primarily leases railcars and locomotives.

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