GATX Co. (NYSE:GATX) SVP Jeffery R. Young Sells 297 Shares

GATX Co. (NYSE:GATX) SVP Jeffery R. Young sold 297 shares of GATX stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $164.63, for a total transaction of $48,895.11. Following the sale, the senior vice president now directly owns 7,362 shares in the company, valued at $1,212,006.06. This trade represents a 3.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

GATX Stock Performance

Shares of GATX stock opened at $165.52 on Friday. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.41 and a current ratio of 2.77. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of 21.30 and a beta of 0.99. GATX Co. has a one year low of $122.00 and a one year high of $168.29. The company’s 50-day simple moving average is $158.85 and its 200-day simple moving average is $146.59.

GATX (NYSE:GATX) last issued its earnings results on Thursday, January 23rd. The transportation company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.68 by $0.25. GATX had a return on equity of 12.07% and a net margin of 17.92%. During the same period last year, the business posted $1.74 earnings per share. Equities analysts anticipate that GATX Co. will post 8.5 earnings per share for the current fiscal year.

GATX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.47%. This is a boost from GATX’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, February 28th. GATX’s dividend payout ratio is 29.86%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GATX. Susquehanna lifted their target price on GATX from $122.00 to $140.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. The Goldman Sachs Group initiated coverage on GATX in a report on Monday, November 18th. They set a “buy” rating and a $185.00 price objective on the stock. Finally, Sidoti cut GATX from a “buy” rating to a “neutral” rating and set a $158.00 target price for the company. in a research note on Wednesday, December 4th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GATX. State Street Corp raised its stake in GATX by 0.6% during the third quarter. State Street Corp now owns 1,294,895 shares of the transportation company’s stock worth $171,509,000 after acquiring an additional 7,585 shares during the period. Geode Capital Management LLC grew its holdings in shares of GATX by 1.5% during the third quarter. Geode Capital Management LLC now owns 849,603 shares of the transportation company’s stock valued at $112,550,000 after purchasing an additional 12,571 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of GATX by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 478,214 shares of the transportation company’s stock worth $74,104,000 after purchasing an additional 3,485 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of GATX by 2.9% in the 4th quarter. New York State Common Retirement Fund now owns 183,722 shares of the transportation company’s stock worth $28,470,000 after purchasing an additional 5,163 shares during the last quarter. Finally, Natixis Advisors LLC boosted its position in GATX by 2.2% during the 3rd quarter. Natixis Advisors LLC now owns 167,651 shares of the transportation company’s stock valued at $22,206,000 after purchasing an additional 3,580 shares during the period. 93.14% of the stock is currently owned by institutional investors.

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.