GATX Co. (NYSE:GATX) EVP Deborah A. Golden sold 1,357 shares of GATX stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $70.91, for a total transaction of $96,224.87. Following the transaction, the executive vice president now directly owns 43,318 shares of the company’s stock, valued at $3,071,679.38. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of GATX Co. (NYSE GATX) opened at $70.74 on Monday. GATX Co. has a one year low of $55.82 and a one year high of $72.96. The stock has a market cap of $2,709.34, a price-to-earnings ratio of 15.08, a P/E/G ratio of 1.03 and a beta of 1.25. The company has a quick ratio of 3.13, a current ratio of 3.32 and a debt-to-equity ratio of 2.45.
GATX (NYSE:GATX) last released its quarterly earnings results on Thursday, January 18th. The transportation company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.04). GATX had a net margin of 36.46% and a return on equity of 12.15%. The company had revenue of $352.80 million during the quarter, compared to analyst estimates of $347.90 million. During the same period in the prior year, the business posted $1.14 EPS. GATX’s revenue was down 2.6% compared to the same quarter last year. equities analysts expect that GATX Co. will post 4.57 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, March 31st. Investors of record on Monday, March 5th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $1.76 dividend on an annualized basis and a yield of 2.49%. This is a boost from GATX’s previous quarterly dividend of $0.42. GATX’s dividend payout ratio (DPR) is currently 13.05%.
A number of institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio grew its stake in GATX by 0.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 19,651 shares of the transportation company’s stock valued at $1,263,000 after acquiring an additional 107 shares during the period. Advisor Group Inc. grew its stake in GATX by 15.5% in the 2nd quarter. Advisor Group Inc. now owns 2,519 shares of the transportation company’s stock valued at $161,000 after acquiring an additional 338 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in GATX by 56.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,983 shares of the transportation company’s stock worth $123,000 after purchasing an additional 719 shares during the last quarter. Tyers Asset Management LLC boosted its stake in GATX by 24.2% during the 4th quarter. Tyers Asset Management LLC now owns 4,180 shares of the transportation company’s stock worth $260,000 after purchasing an additional 814 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in GATX by 6.5% during the 4th quarter. Victory Capital Management Inc. now owns 13,881 shares of the transportation company’s stock worth $863,000 after purchasing an additional 843 shares during the last quarter.
Several research firms have recently weighed in on GATX. BidaskClub lowered shares of GATX from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Cowen reaffirmed a “market perform” rating and set a $69.00 target price (up from $61.00) on shares of GATX in a report on Friday, January 19th. Citigroup lifted their target price on shares of GATX from $71.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Seaport Global Securities began coverage on shares of GATX in a report on Thursday, January 4th. They set a “neutral” rating for the company. Finally, Zacks Investment Research raised shares of GATX from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $67.40.
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GATX Corporation is a global railcar lessor, owning fleets in North America, Europe, and Asia. In addition, the Company operates fleet of the United States-flagged vessels on the Great Lakes and jointly with Rolls-Royce plc, it owns aircraft spare engine lease portfolios in the world. It operates through four business segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management.
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