GATX Corporation (NYSE:GATX) SVP Sells $335,698.00 in Stock

Key Points

• GATX Corporation's Senior Vice President, Kevin Hillesland, sold 2,200 shares of stock at an average price of $152.59, reducing his ownership by 22.44%.
• The company reported a quarterly earnings per share of $2.06, surpassing analysts' estimates of $1.95, and had a revenue of $430.50 million for the quarter.
• GATX declared a quarterly dividend of $0.61 per share, with an annualized dividend of $2.44 and a yield of 1.6%.

GATX Corporation (NYSE:GATX - Get Free Report) SVP Kevin Hillesland sold 2,200 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $152.59, for a total value of $335,698.00. Following the sale, the senior vice president owned 7,606 shares of the company's stock, valued at approximately $1,160,599.54. The trade was a 22.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

GATX Price Performance

Shares of GATX traded up $1.31 during mid-day trading on Tuesday, reaching $150.90. The company had a trading volume of 46,986 shares, compared to its average volume of 176,131. GATX Corporation has a twelve month low of $127.69 and a twelve month high of $168.89. The company has a debt-to-equity ratio of 3.27, a current ratio of 2.93 and a quick ratio of 2.93. The company's 50-day moving average is $154.79 and its 200-day moving average is $154.60. The company has a market capitalization of $5.37 billion, a P/E ratio of 17.29 and a beta of 1.18.

GATX (NYSE:GATX - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The transportation company reported $2.06 earnings per share for the quarter, beating analysts' consensus estimates of $1.95 by $0.11. GATX had a return on equity of 12.52% and a net margin of 19.13%. The firm had revenue of $430.50 million during the quarter, compared to analysts' expectations of $425.52 million. On average, equities analysts anticipate that GATX Corporation will post 8.5 EPS for the current year.

GATX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, September 15th. GATX's dividend payout ratio (DPR) is currently 27.92%.

Analysts Set New Price Targets

A number of analysts have commented on GATX shares. Susquehanna reduced their price objective on 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.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. LPL Financial LLC lifted its holdings in shares of GATX by 13.8% in the fourth quarter. LPL Financial LLC now owns 13,831 shares of the transportation company's stock valued at $2,143,000 after purchasing an additional 1,679 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of GATX by 81.7% in the fourth quarter. JPMorgan Chase & Co. now owns 168,747 shares of the transportation company's stock valued at $26,149,000 after purchasing an additional 75,886 shares during the last quarter. Norges Bank bought a new stake in shares of GATX in the fourth quarter valued at approximately $55,496,000. Pictet Asset Management Holding SA lifted its stake in GATX by 10.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,834 shares of the transportation company's stock worth $749,000 after purchasing an additional 464 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in shares of GATX in the 4th quarter valued at $39,000. 93.14% of the stock is currently owned by institutional investors.

GATX Company Profile

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.