GATX Co. (NYSE:GATX) SVP Sells $48,895.11 in Stock

GATX Co. (NYSE:GATX) SVP Jeffery R. Young sold 297 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $164.63, for a total transaction of $48,895.11. Following the completion of the transaction, the senior vice president now owns 7,362 shares of the company’s stock, valued at $1,212,006.06. This represents a 3.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

GATX Stock Up 0.4 %

Shares of GATX opened at $166.22 on Friday. GATX Co. has a fifty-two week low of $122.00 and a fifty-two week high of $168.29. The firm has a market cap of $5.90 billion, a PE ratio of 21.39 and a beta of 0.99. The company has a quick ratio of 3.41, a current ratio of 2.77 and a debt-to-equity ratio of 3.37. The company’s fifty day moving average is $158.85 and its two-hundred day moving average is $146.59.

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

GATX Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of GATX in a research note on Monday, November 18th. They set a “buy” rating and a $185.00 target price for the company. Sidoti cut shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 target price for the company. in a report on Wednesday, December 4th. 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 report on Monday, October 21st.

Institutional Trading of GATX

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in shares of GATX during the fourth quarter valued at approximately $5,391,000. International Assets Investment Management LLC bought a new stake in shares of GATX during the 3rd quarter worth $3,922,000. Proficio Capital Partners LLC bought a new stake in shares of GATX during the 4th quarter worth $4,562,000. EULAV Asset Management boosted its holdings in shares of GATX by 125.0% during the 4th quarter. EULAV Asset Management now owns 37,800 shares of the transportation company’s stock worth $5,857,000 after buying an additional 21,000 shares during the period. Finally, Citigroup Inc. boosted its holdings in shares of GATX by 209.7% during the 3rd quarter. Citigroup Inc. now owns 29,602 shares of the transportation company’s stock worth $3,921,000 after buying an additional 20,045 shares during the period. 93.14% of the stock is currently owned by institutional investors.

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.