Robert Zmudka Sells 4,800 Shares of GATX Co. (NYSE:GATX) Stock

GATX Co. (NYSE:GATX) VP Robert Zmudka sold 4,800 shares of GATX stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $163.83, for a total transaction of $786,384.00. Following the transaction, the vice president now owns 7,493 shares in the company, valued at approximately $1,227,578.19. This trade represents a 39.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

GATX Stock Performance

Shares of GATX opened at $165.52 on Friday. The company has a current ratio of 2.77, a quick ratio of 3.41 and a debt-to-equity ratio of 3.37. The firm’s fifty day simple moving average is $158.85 and its two-hundred day simple moving average is $146.59. GATX Co. has a 12 month low of $122.00 and a 12 month high of $168.29. The stock has a market capitalization of $5.88 billion, a P/E ratio of 21.30 and a beta of 0.99.

GATX (NYSE:GATX) last announced its earnings results on Thursday, January 23rd. The transportation company reported $1.93 EPS for the quarter, beating 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 quarter last year, the business posted $1.74 EPS. As a group, analysts predict that GATX Co. will post 8.5 EPS for the current year.

GATX Increases Dividend

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

Institutional Investors Weigh In On GATX

A number of large investors have recently bought and sold shares of the stock. Assetmark Inc. grew its stake in shares of GATX by 60.4% in the 4th quarter. Assetmark Inc. now owns 178 shares of the transportation company’s stock valued at $28,000 after buying an additional 67 shares during the period. HighTower Advisors LLC grew its stake in GATX by 0.6% in the third quarter. HighTower Advisors LLC now owns 10,692 shares of the transportation company’s stock valued at $1,418,000 after acquiring an additional 68 shares during the period. Savant Capital LLC increased its holdings in shares of GATX by 4.6% during the fourth quarter. Savant Capital LLC now owns 1,584 shares of the transportation company’s stock valued at $245,000 after acquiring an additional 69 shares in the last quarter. Principal Securities Inc. raised its position in shares of GATX by 9.0% during the fourth quarter. Principal Securities Inc. now owns 919 shares of the transportation company’s stock worth $142,000 after purchasing an additional 76 shares during the period. Finally, Arizona State Retirement System lifted its holdings in shares of GATX by 0.8% in the 4th quarter. Arizona State Retirement System now owns 9,816 shares of the transportation company’s stock worth $1,521,000 after purchasing an additional 77 shares in the last quarter. 93.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.