GATX (NYSE:GATX) Director Anne Arvia Sells 943 Shares of Company Stock

Key Points

• GATX director Anne Arvia sold 943 shares for about $173,587, reducing her holdings by 2.74% to 33,457 shares.
• GATX reported quarterly EPS of $2.92, beating the $2.46 consensus estimate, while revenue rose 36.1% year over year to $598 million.
• Analysts maintain a consensus Buy rating with a $219.33 price target; the company also declared a $0.66 quarterly dividend per share.

GATX Corporation (NYSE:GATX - Get Free Report) Director Anne Arvia sold 943 shares of the company's stock in a transaction on Friday, November 6th. The shares were sold at an average price of $184.08, for a total transaction of $173,587.44. Following the completion of the transaction, the director owned 33,457 shares of the company's stock, valued at approximately $6,158,764.56. The trade was a 2.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

GATX Stock Up 1.1%

Shares of NYSE GATX traded up $1.98 during mid-day trading on Tuesday, reaching $187.88. The company had a trading volume of 34,656 shares, compared to its average volume of 219,070. The firm has a 50 day simple moving average of $174.72 and a two-hundred day simple moving average of $179.11. GATX Corporation has a 52-week low of $150.69 and a 52-week high of $205.56. The company has a current ratio of 2.38, a quick ratio of 3.90 and a debt-to-equity ratio of 3.37. The stock has a market cap of $6.56 billion, a P/E ratio of 17.44 and a beta of 1.19.

GATX (NYSE:GATX - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The transportation company reported $2.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.46. The company had revenue of $598.00 million during the quarter, compared to the consensus estimate of $592.66 million. GATX had a net margin of 17.69% and a return on equity of 10.62%. GATX's revenue for the quarter was up 36.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.25 earnings per share. Sell-side analysts predict that GATX Corporation will post 10.30 earnings per share for the current year.

GATX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, December 15th. GATX's dividend payout ratio (DPR) is currently 24.51%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of GATX during the second quarter worth approximately $823,055,000. Bank of America Corp DE acquired a new position in GATX in the 2nd quarter valued at $178,042,000. Bank of New York Mellon Corp purchased a new position in GATX during the 2nd quarter worth $51,178,000. Jupiter Topco LLC purchased a new position in GATX during the 2nd quarter worth $25,363,000. Finally, Walleye Capital LLC acquired a new stake in shares of GATX in the 2nd quarter worth $21,691,000. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on GATX shares. Weiss Ratings upgraded GATX from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, November 4th. Citigroup upped their price target on shares of GATX from $215.00 to $216.00 and gave the company a "buy" rating in a research report on Thursday, October 8th. Finally, Susquehanna increased their price target on shares of GATX from $218.00 to $220.00 and gave the stock a "positive" rating in a research note on Thursday, November 5th. Four investment analysts have rated the stock with a Buy rating. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $219.33.

About GATX

GATX Corporation is a railcar leasing and asset-management company headquartered in Chicago. Founded in 1898, it has a long history of providing rail transportation equipment and related services to customers across a range of industries. The company's core business is owning and leasing railcars, including freight cars and tank cars used to transport commodities and industrial products. GATX also provides services such as railcar maintenance, fleet management and remarketing. GATX serves customers in North America and international markets through its rail operations, including businesses in Europe and India.

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