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

GATX Corporation (NYSE:GATX) CEO Robert Lyons sold 12,265 shares of the stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $186.00, for a total value of $2,281,290.00. Following the sale, the chief executive officer directly owned 56,510 shares in the company, valued at $10,510,860. This trade represents a 17.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

GATX Trading Down 2.1%

Shares of NYSE:GATX opened at $186.65 on Friday. GATX Corporation has a 12-month low of $150.69 and a 12-month high of $205.56. The business’s fifty day simple moving average is $174.46 and its 200-day simple moving average is $179.08. The company has a market capitalization of $6.51 billion, a PE ratio of 17.33 and a beta of 1.19. The company has a current ratio of 2.38, a quick ratio of 3.90 and a debt-to-equity ratio of 3.37.

GATX (NYSE:GATX) last issued its quarterly earnings data 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. The firm had revenue of $598.00 million during the quarter, compared to analysts’ expectations of $592.66 million. GATX had a return on equity of 10.62% and a net margin of 17.69%. The firm’s quarterly revenue was up 36.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.25 EPS. As a group, equities research analysts predict that GATX Corporation will post 10.30 earnings per share for the current fiscal year.

GATX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be issued a $0.66 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $2.64 dividend on an annualized basis and a yield of 1.4%. GATX’s payout ratio is currently 24.51%.

Analyst Ratings Changes

GATX has been the topic of a number of recent analyst reports. Susquehanna raised their price target on shares of GATX from $218.00 to $220.00 and gave the company a “positive” rating in a report on Thursday. Citigroup lifted their price objective on shares of GATX from $215.00 to $216.00 and gave the stock a “buy” rating in a research report on Thursday, October 8th. Finally, Weiss Ratings upgraded shares of GATX from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday. Four analysts have rated the stock with a Buy rating. According to MarketBeat, GATX presently has a consensus rating of “Buy” and an average price target of $219.33.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Bank of America Corp DE acquired a new position in GATX in the second quarter valued at approximately $178,042,000. Philadelphia Financial Management of San Francisco LLC acquired a new stake in shares of GATX during the 2nd quarter worth approximately $8,948,095. NFJ Investment Group LLC acquired a new stake in shares of GATX during the 2nd quarter worth approximately $2,435,000. Susquehanna Fundamental Investments LLC grew its stake in shares of GATX by 113.8% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 18,287 shares of the transportation company’s stock worth $3,240,000 after purchasing an additional 9,732 shares during the period. Finally, Walleye Capital LLC purchased a new position in shares of GATX during the 2nd quarter valued at approximately $21,691,000. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

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.