GATX (NYSE:GATX) Stock: Insider Robert Lyons Sells 12,265 Shares

Key Points

• CEO Robert Lyons sold 12,265 GATX shares for about $2.28 million at an average price of $186, reducing his direct stake by 17.83% to 56,510 shares.
• GATX’s latest quarterly results beat estimates: EPS was $2.92 versus $2.46 expected, while revenue rose 36.1% year over year to $598 million.
• Shares fell 2.1% to $186.65 in Thursday trading. The company declared a quarterly dividend of $0.66 per share, and analysts’ average price target is $219.33 with a consensus “Buy” rating.

GATX Corporation (NYSE:GATX - Get Free Report) CEO Robert Lyons sold 12,265 shares of the firm's stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $186.00, for a total value of $2,281,290.00. Following the completion of the sale, the chief executive officer directly owned 56,510 shares of the company's stock, valued at approximately $10,510,860. This trade represents a 17.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

GATX Stock Down 2.1%

Shares of GATX stock traded down $4.07 on Thursday, reaching $186.65. 189,067 shares of the company's stock traded hands, compared to its average volume of 219,182. The company has a market capitalization of $6.51 billion, a P/E ratio of 18.08 and a beta of 1.19. GATX Corporation has a 12-month low of $150.69 and a 12-month high of $205.56. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.90 and a current ratio of 2.38. The business's 50 day moving average price is $174.46 and its two-hundred day moving average price is $179.08.

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

GATX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, December 15th. GATX's dividend payout ratio is 24.51%.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Susquehanna boosted their price objective on shares of GATX from $218.00 to $220.00 and gave the company a "positive" rating in a research report on Thursday. Weiss Ratings lowered shares of GATX from a "buy (b)" rating to a "buy (b-)" rating in a research note on Wednesday, October 21st. Finally, Citigroup lifted their target price on shares of GATX from $215.00 to $216.00 and gave the company a "buy" rating in a research note on Thursday, October 8th. Four equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, GATX has a consensus rating of "Buy" and an average price target of $219.33.

About GATX

GATX Corporation is a global asset-leasing company focused primarily on rail transportation. Through its rail businesses, the company owns, leases and manages a diverse fleet of freight railcars used to transport commodities and manufactured goods, including tank cars, covered and open hoppers, boxcars and specialized rail equipment. GATX also provides fleet management, maintenance and other services that support railcar customers.

GATX serves customers across North America and Europe through operations that include GATX Rail North America and GATX Rail Europe.

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