Insider Selling: GATX (NYSE:GATX) SVP Sells $355,794.00 in Stock

Key Points

• GATX SVP Kevin Hillesland sold 1,900 shares for $355,794 at an average price of $187.26, reducing his direct stake by 20.85% to 7,212 shares.
• GATX reported quarterly EPS of $2.92, beating estimates of $2.46, while revenue rose 36.1% year over year to $598 million.
• The company announced a quarterly dividend of $0.66 per share, equivalent to $2.64 annually and a 1.4% yield; analysts’ average price target is $219.33, with a consensus “Buy” rating.

GATX Corporation (NYSE:GATX - Get Free Report) SVP Kevin Hillesland sold 1,900 shares of the company's stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $187.26, for a total value of $355,794.00. Following the sale, the senior vice president directly owned 7,212 shares in the company, valued at approximately $1,350,519.12. This represents a 20.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

GATX Stock Performance

GATX traded down $2.65 during trading hours on Friday, hitting $183.76. 52,855 shares of the stock were exchanged, compared to its average volume of 219,538. The stock has a market cap of $6.41 billion, a price-to-earnings ratio of 17.07 and a beta of 1.19. The stock has a 50-day simple moving average of $174.46 and a 200-day simple moving average of $179.08. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.38 and a quick ratio of 3.90. GATX Corporation has a 12 month low of $150.69 and a 12 month high of $205.56.

GATX (NYSE:GATX - Get Free Report) last issued its earnings results on Thursday, October 29th. The transportation company reported $2.92 earnings per share for the quarter, topping analysts' consensus estimates of $2.46 by $0.46. GATX had a net margin of 17.69% and a return on equity of 10.62%. The company had revenue of $598.00 million for the quarter, compared to analysts' expectations of $592.66 million. During the same period in the prior year, the company earned $2.25 earnings per share. The firm's revenue was up 36.1% compared to the same quarter last year. Analysts anticipate that GATX Corporation will post 10.30 earnings per share for the current year.

GATX Dividend Announcement

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

Hedge Funds Weigh In On GATX

A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in GATX during the second quarter worth about $823,055,000. Bank of America Corp DE bought a new position in GATX in the second quarter worth $178,042,000. Bank of New York Mellon Corp bought a new position in GATX in the second quarter worth $51,178,000. Jupiter Topco LLC bought a new position in GATX in the second quarter worth $25,363,000. Finally, Walleye Capital LLC acquired a new stake in GATX during the second quarter worth $21,691,000. Institutional investors own 93.14% of the company's stock.

Analysts Set New Price Targets

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