Insider Selling: GATX Co. (NYSE:GATX) VP Sells 1,800 Shares of Stock

GATX Co. (NYSE:GATX - Get Free Report) VP Jennifer Mcmanus sold 1,800 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $154.92, for a total transaction of $278,856.00. Following the sale, the vice president now owns 3,468 shares in the company, valued at $537,262.56. The trade was a 34.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

GATX Price Performance

Shares of NYSE:GATX traded down $1.75 during mid-day trading on Friday, reaching $153.70. The stock had a trading volume of 59,612 shares, compared to its average volume of 168,715. The company has a market cap of $5.49 billion, a P/E ratio of 19.77 and a beta of 1.19. The business's 50 day moving average price is $148.59 and its 200 day moving average price is $155.36. The company has a current ratio of 2.77, a quick ratio of 3.41 and a debt-to-equity ratio of 3.37. GATX Co. has a 1 year low of $127.00 and a 1 year high of $168.89.

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

GATX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 annualized dividend and a dividend yield of 1.59%. GATX's payout ratio is 30.93%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On GATX

Hedge funds have recently bought and sold shares of the business. Stephens Inc. AR bought a new stake in GATX during the 4th quarter valued at about $228,000. Savant Capital LLC increased its holdings in GATX by 4.6% during the 4th quarter. Savant Capital LLC now owns 1,584 shares of the transportation company's stock worth $245,000 after purchasing an additional 69 shares during the period. Allspring Global Investments Holdings LLC raised its position in GATX by 44.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,031 shares of the transportation company's stock valued at $6,085,000 after purchasing an additional 12,342 shares in the last quarter. Legato Capital Management LLC purchased a new stake in shares of GATX in the 4th quarter worth $595,000. Finally, Compagnie Lombard Odier SCmA bought a new position in shares of GATX during the 4th quarter worth $46,000. Institutional investors own 93.14% of the company's stock.

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.

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