GATX (NYSE:GATX) Shares Down 5%

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

Analyst Ratings Changes

Separately, Susquehanna increased their price objective on shares of GATX from $120.00 to $122.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th.

GATX Trading Down 7.9 %

The stock has a market cap of $4.77 billion, a P/E ratio of 19.66 and a beta of 0.96. The firm’s fifty day simple moving average is $135.78 and its 200-day simple moving average is $130.27. The company has a debt-to-equity ratio of 3.28, a quick ratio of 3.39 and a current ratio of 3.39.

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 analysts’ consensus estimates of $1.72 by $0.29. GATX had a return on equity of 11.29% and a net margin of 17.64%. The company had revenue of $379.90 million during the quarter, compared to analyst estimates of $375.80 million. During the same quarter in the previous year, the firm posted $2.20 EPS. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. Equities research analysts expect that GATX Co. will post 7.5 EPS for the current fiscal year.

GATX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, June 30th. Investors of record on Friday, June 14th were given a $0.58 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.32 annualized dividend and a yield of 1.73%. GATX’s dividend payout ratio (DPR) is presently 33.05%.

Insider Transactions at GATX

In other news, EVP Paul F. Titterton sold 9,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $139.37, for a total transaction of $1,254,330.00. Following the sale, the executive vice president now owns 11,373 shares in the company, valued at $1,585,055.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Paul F. Titterton sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $139.37, for a total transaction of $1,254,330.00. Following the completion of the transaction, the executive vice president now directly owns 11,373 shares of the company’s stock, valued at $1,585,055.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert Zmudka sold 4,800 shares of the firm’s stock in a transaction 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 completion of the sale, the vice president now owns 7,493 shares in the company, valued at $1,046,472.38. The disclosure for this sale can be found here. Insiders sold 14,800 shares of company stock valued at $2,056,678 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of GATX

Several institutional investors have recently modified their holdings of GATX. Gradient Investments LLC acquired a new stake in GATX during the 2nd quarter worth approximately $25,000. GAMMA Investing LLC acquired a new stake in shares of GATX in the 4th quarter valued at approximately $32,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of GATX during the 4th quarter valued at approximately $36,000. CWM LLC increased its position in GATX by 155.7% during the 1st quarter. CWM LLC now owns 335 shares of the transportation company’s stock worth $45,000 after purchasing an additional 204 shares in the last quarter. Finally, Mather Group LLC. bought a new position in GATX in the 1st quarter valued at approximately $54,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

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.