Insider Selling: GATX Co. (NYSE:GATX) EVP Sells 18,700 Shares of Stock

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

GATX Trading Up 1.0%

Shares of GATX traded up $1.61 during trading hours on Friday, reaching $157.02. 178,123 shares of the company traded hands, compared to its average volume of 169,010. The company's fifty day moving average price is $147.94 and its two-hundred day moving average price is $155.46. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 20.21 and a beta of 1.19. The company has a quick ratio of 3.41, a current ratio of 2.77 and a debt-to-equity ratio of 3.37. GATX Co. has a 12 month low of $127.00 and a 12 month high of $168.89.

GATX (NYSE:GATX - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $2.09 by $0.06. GATX had a net margin of 17.92% and a return on equity of 12.07%. The firm had revenue of $421.60 million for the quarter, compared to analyst estimates of $417.06 million. During the same quarter in the previous year, the firm posted $2.01 EPS. The company's revenue for the quarter was up 11.0% compared to the same quarter last year. Equities research analysts predict that GATX Co. will post 8.5 earnings per share for the current fiscal year.

GATX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.61 per share. The ex-dividend date is Friday, June 13th. This represents a $2.44 annualized dividend and a dividend yield of 1.55%. GATX's payout ratio is 30.93%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GATX shares. The Goldman Sachs Group reissued a "buy" rating on shares of GATX in a report on Wednesday, April 23rd. Susquehanna cut their price target on shares of GATX from $165.00 to $160.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new stake in GATX during the fourth quarter valued at approximately $55,496,000. GAMMA Investing LLC boosted its position in shares of GATX by 67,875.0% in the first quarter. GAMMA Investing LLC now owns 356,189 shares of the transportation company's stock worth $55,305,000 after purchasing an additional 355,665 shares during the period. Ensign Peak Advisors Inc boosted its position in shares of GATX by 2,826.7% in the fourth quarter. Ensign Peak Advisors Inc now owns 351,264 shares of the transportation company's stock worth $54,432,000 after purchasing an additional 339,262 shares during the period. Ameriprise Financial Inc. boosted its position in shares of GATX by 103.4% in the fourth quarter. Ameriprise Financial Inc. now owns 364,492 shares of the transportation company's stock worth $56,479,000 after purchasing an additional 185,321 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of GATX by 12.1% in the fourth quarter. American Century Companies Inc. now owns 1,099,447 shares of the transportation company's stock worth $170,370,000 after purchasing an additional 118,306 shares during the period. 93.14% of the stock is owned by hedge funds and other 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.