GATX Co. (NYSE:GATX) SVP Niyi Adedoyin sold 504 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $71.68, for a total transaction of $36,126.72. The sale was disclosed in a filing with the SEC, which is available through this link.
GATX Co. (NYSE:GATX) traded up $0.46 during trading hours on Friday, reaching $72.37. 184,243 shares of the company’s stock were exchanged, compared to its average volume of 393,292. The company has a debt-to-equity ratio of 2.45, a quick ratio of 3.13 and a current ratio of 3.32. GATX Co. has a fifty-two week low of $55.82 and a fifty-two week high of $72.96. The company has a market cap of $2,750.06, a P/E ratio of 5.62, a PEG ratio of 1.05 and a beta of 1.25.
GATX (NYSE:GATX) last posted its earnings results on Thursday, January 18th. The transportation company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.04). GATX had a return on equity of 12.15% and a net margin of 36.46%. The company had revenue of $352.80 million during the quarter, compared to the consensus estimate of $347.90 million. During the same period last year, the firm posted $1.14 EPS. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. equities analysts predict that GATX Co. will post 4.57 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, March 31st. Shareholders of record on Monday, March 5th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Friday, March 2nd. This is an increase from GATX’s previous quarterly dividend of $0.42. GATX’s payout ratio is 13.05%.
A number of large investors have recently bought and sold shares of GATX. Harbor Island Capital LLC bought a new stake in GATX in the 4th quarter worth approximately $6,596,000. WINTON GROUP Ltd bought a new stake in GATX in the 3rd quarter worth approximately $5,199,000. BlackRock Inc. grew its position in GATX by 1.7% in the 4th quarter. BlackRock Inc. now owns 4,163,530 shares of the transportation company’s stock worth $258,805,000 after purchasing an additional 69,597 shares during the period. State Street Corp grew its position in GATX by 4.5% in the 2nd quarter. State Street Corp now owns 1,392,167 shares of the transportation company’s stock worth $89,470,000 after purchasing an additional 59,729 shares during the period. Finally, Prudential Financial Inc. grew its position in GATX by 32.5% in the 3rd quarter. Prudential Financial Inc. now owns 211,476 shares of the transportation company’s stock worth $13,018,000 after purchasing an additional 51,840 shares during the period.
GATX has been the subject of several analyst reports. ValuEngine downgraded shares of GATX from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 6th. Zacks Investment Research raised shares of GATX from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research report on Wednesday, December 27th. Seaport Global Securities initiated coverage on shares of GATX in a research report on Thursday, January 4th. They set a “neutral” rating for the company. Stifel Nicolaus reissued a “hold” rating and set a $60.00 price target (up previously from $56.00) on shares of GATX in a research report on Monday, January 22nd. Finally, Citigroup raised their price target on shares of GATX from $71.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. GATX currently has an average 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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