GATX (NYSE:GATX) Stock: Insider Anne Arvia Sells 943 Shares

GATX Corporation (NYSE:GATX) Director Anne Arvia sold 943 shares of the business’s stock in a transaction on Friday, November 6th. The shares were sold at an average price of $184.08, for a total transaction of $173,587.44. Following the transaction, the director owned 33,457 shares in the company, valued at $6,158,764.56. The trade was a 2.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

GATX Stock Up 0.3%

Shares of NYSE GATX opened at $187.77 on Thursday. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 3.37. The firm has a market cap of $6.55 billion, a PE ratio of 17.43 and a beta of 1.19. The company’s fifty day simple moving average is $175.25 and its 200 day simple moving average is $179.14. GATX Corporation has a 12-month low of $150.69 and a 12-month high of $205.56.

GATX (NYSE:GATX) last posted its quarterly earnings results on Thursday, October 29th. The transportation company reported $2.92 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.46. GATX had a net margin of 17.69% and a return on equity of 10.62%. The firm had revenue of $598.00 million during the quarter, compared to the consensus estimate of $592.66 million. During the same period in the previous year, the firm posted $2.25 earnings per share. The business’s revenue was up 36.1% compared to the same quarter last year. As a group, sell-side analysts forecast that GATX Corporation will post 10.30 earnings per share for the current fiscal year.

GATX Dividend Announcement

The company also recently announced 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 is Tuesday, December 15th. This represents a $2.64 annualized dividend and a dividend yield of 1.4%. GATX’s dividend payout ratio (DPR) is currently 24.51%.

Analyst Upgrades and Downgrades

GATX has been the topic of a number of research reports. Susquehanna upped their price target on GATX from $218.00 to $220.00 and gave the stock a “positive” rating in a research note on Thursday, November 5th. Citigroup increased their price target on GATX from $215.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, October 8th. Finally, Weiss Ratings raised GATX from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, November 4th. Four research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, GATX has an average rating of “Buy” and an average price target of $219.33.

Institutional Trading of GATX

Hedge funds and other institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC acquired a new position in GATX during the third quarter worth $28,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of GATX during the second quarter valued at about $32,000. Assetmark Inc. grew its holdings in shares of GATX by 50.8% during the first quarter. Assetmark Inc. now owns 196 shares of the transportation company’s stock valued at $33,000 after buying an additional 66 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in shares of GATX during the third quarter valued at about $63,000. Finally, Versant Capital Management Inc increased its position in shares of GATX by 23.3% during the second quarter. Versant Capital Management Inc now owns 407 shares of the transportation company’s stock worth $72,000 after acquiring an additional 77 shares in the last quarter. Institutional investors own 93.14% of the company’s stock.

GATX Company Profile

GATX Corporation is a railcar leasing and asset-management company headquartered in Chicago. Founded in 1898, it has a long history of providing rail transportation equipment and related services to customers across a range of industries. The company’s core business is owning and leasing railcars, including freight cars and tank cars used to transport commodities and industrial products. GATX also provides services such as railcar maintenance, fleet management and remarketing. GATX serves customers in North America and international markets through its rail operations, including businesses in Europe and India.