Jennifer Mcmanus Sells 1,800 Shares of GATX Co. (NYSE:GATX) Stock

GATX Co. (NYSE:GATX - Get Free Report) VP Jennifer Mcmanus sold 1,800 shares of the company'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 completion of the sale, the vice president now directly owns 3,468 shares of the company's stock, valued at $537,262.56. This trade represents a 34.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

GATX Price Performance

GATX traded up $0.06 during trading hours on Monday, hitting $153.27. The company's stock had a trading volume of 145,858 shares, compared to its average volume of 169,403. The business's 50-day moving average price is $149.07 and its 200-day moving average price is $155.09. GATX Co. has a 12 month low of $127.70 and a 12 month high of $168.89. The stock has a market cap of $5.47 billion, a price-to-earnings ratio of 19.73 and a beta of 1.19. 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 (NYSE:GATX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.06. GATX had a net margin of 17.92% and a return on equity of 12.07%. The company had revenue of $421.60 million for the quarter, compared to analysts' expectations of $417.06 million. During the same quarter in the previous year, the business posted $2.01 earnings per share. GATX's quarterly revenue was up 11.0% on a year-over-year basis. Sell-side analysts expect that GATX Co. will post 8.5 earnings per share for the current fiscal year.

GATX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Friday, June 13th. GATX's dividend payout ratio (DPR) is 30.93%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GATX. Assetmark Inc. increased its position in GATX by 60.4% during the fourth quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock valued at $28,000 after acquiring an additional 67 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in GATX during the first quarter valued at $30,000. TCTC Holdings LLC increased its position in GATX by 117.0% during the first quarter. TCTC Holdings LLC now owns 243 shares of the transportation company's stock valued at $38,000 after acquiring an additional 131 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in GATX during the fourth quarter valued at $39,000. Finally, Orion Capital Management LLC bought a new position in GATX during the fourth quarter valued at $39,000. Institutional investors own 93.14% of the company's stock.

Analyst Upgrades and Downgrades

GATX has been the subject of a number of recent research reports. Susquehanna lowered their price target on shares of GATX from $165.00 to $160.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group reissued a "buy" rating on shares of GATX in a report on Wednesday, April 23rd.

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.