GATX Co. (NYSE:GATX) EVP Sells $2,929,542.00 in Stock

GATX Co. (NYSE:GATX - Get Free Report) EVP Paul F. Titterton sold 18,700 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $156.66, for a total value of $2,929,542.00. Following the transaction, the executive vice president now directly owns 10,468 shares in the company, valued at $1,639,916.88. The trade was a 64.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

GATX Stock Performance

Shares of GATX traded up $1.71 during midday trading on Friday, reaching $157.12. 14,303 shares of the stock were exchanged, compared to its average volume of 168,007. The business's 50-day moving average price is $147.93 and its 200 day moving average price is $155.42. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.77 and a quick ratio of 3.41. GATX Co. has a twelve month low of $127.00 and a twelve month high of $168.89. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 20.23 and a beta of 1.19.

GATX (NYSE:GATX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.15 EPS for the quarter, topping the consensus estimate of $2.09 by $0.06. The business had revenue of $421.60 million for the quarter, compared to analyst estimates of $417.06 million. GATX had a return on equity of 12.07% and a net margin of 17.92%. The company's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.01 EPS. On average, sell-side analysts expect that GATX Co. will post 8.5 EPS for the current fiscal year.

GATX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.44 dividend on an annualized basis and a yield of 1.55%. GATX's dividend payout ratio is currently 30.93%.

Institutional Investors Weigh In On GATX

A number of hedge funds have recently made changes to their positions in GATX. Strs Ohio purchased a new position in GATX during the 1st quarter worth approximately $559,000. Intech Investment Management LLC lifted its stake in shares of GATX by 19.4% in the 1st quarter. Intech Investment Management LLC now owns 17,227 shares of the transportation company's stock valued at $2,675,000 after purchasing an additional 2,802 shares during the last quarter. Jane Street Group LLC raised its holdings in GATX by 280.6% in the 1st quarter. Jane Street Group LLC now owns 53,690 shares of the transportation company's stock worth $8,336,000 after acquiring an additional 39,582 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in GATX by 1.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 116,834 shares of the transportation company's stock worth $18,141,000 after acquiring an additional 1,968 shares during the period. Finally, United Services Automobile Association bought a new position in GATX in the 1st quarter worth $366,000. Institutional investors own 93.14% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on GATX shares. The Goldman Sachs Group reaffirmed a "buy" rating on shares of GATX in a research note on Wednesday, April 23rd. Susquehanna decreased their price objective on GATX from $165.00 to $160.00 and set a "neutral" rating for the company in a report on Thursday, April 24th.

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.