Robert Zmudka Sells 4,800 Shares of GATX Co. (NYSE:GATX) Stock

GATX Co. (NYSE:GATX) VP Robert Zmudka sold 4,800 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $163.83, for a total transaction of $786,384.00. Following the transaction, the vice president now directly owns 7,493 shares of the company’s stock, valued at $1,227,578.19. The trade was a 39.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

GATX Price Performance

Shares of GATX traded up $0.73 during mid-day trading on Thursday, reaching $166.22. The stock had a trading volume of 100,481 shares, compared to its average volume of 148,208. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of 21.39 and a beta of 0.99. GATX Co. has a 12 month low of $122.00 and a 12 month high of $168.29. The business has a fifty day moving average of $158.80 and a 200 day moving average of $146.45. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.41 and a current ratio of 2.77.

GATX (NYSE:GATX) last posted its quarterly earnings results on Thursday, January 23rd. The transportation company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.25. GATX had a net margin of 17.92% and a return on equity of 12.07%. During the same period last year, the company earned $1.74 earnings per share. Equities analysts predict that GATX Co. will post 8.5 EPS for the current year.

GATX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a dividend of $0.61 per share. This is a positive change from GATX’s previous quarterly dividend of $0.58. The ex-dividend date is Friday, February 28th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.47%. GATX’s dividend payout ratio is currently 29.86%.

Analyst Ratings Changes

GATX has been the subject of several research reports. The Goldman Sachs Group initiated coverage on shares of GATX in a report on Monday, November 18th. They set a “buy” rating and a $185.00 price objective for the company. Susquehanna upped their target price on shares of GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Finally, Sidoti cut shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 target price for the company. in a report on Wednesday, December 4th.

Hedge Funds Weigh In On GATX

A number of hedge funds and other institutional investors have recently modified their holdings of GATX. Sanctuary Advisors LLC bought a new position in shares of GATX during the second quarter worth $1,122,000. Handelsbanken Fonder AB boosted its position in shares of GATX by 18.5% during the third quarter. Handelsbanken Fonder AB now owns 8,330 shares of the transportation company’s stock worth $1,103,000 after acquiring an additional 1,300 shares during the last quarter. CWM LLC boosted its position in shares of GATX by 20.2% during the third quarter. CWM LLC now owns 487 shares of the transportation company’s stock worth $65,000 after acquiring an additional 82 shares during the last quarter. Creative Planning boosted its position in shares of GATX by 0.8% during the third quarter. Creative Planning now owns 28,076 shares of the transportation company’s stock worth $3,719,000 after acquiring an additional 218 shares during the last quarter. Finally, Wolff Wiese Magana LLC purchased a new stake in GATX during the third quarter valued at $28,000. Institutional investors own 93.14% of the company’s stock.

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.