GATX Co. (NASDAQ:GATX) VP William M. Muckian sold 1,000 shares of the company’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $59.06, for a total value of $59,060.00. Following the sale, the vice president now directly owns 10,160 shares of the company’s stock, valued at $600,049.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
GATX Co. (NASDAQ:GATX) traded down 1.67% on Monday, reaching $59.05. The company had a trading volume of 318,461 shares. The stock has a market capitalization of $2.33 billion and a price-to-earnings ratio of 9.39. The firm has a 50 day moving average price of $58.70 and a 200-day moving average price of $52.96. GATX Co. has a 12 month low of $40.66 and a 12 month high of $64.46.
GATX (NASDAQ:GATX) last released its earnings results on Thursday, January 19th. The company reported $1.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.11. The firm earned $362.10 million during the quarter, compared to analyst estimates of $355.71 million. GATX’s quarterly revenue was down 4.4% on a year-over-year basis. Analysts forecast that GATX Co. will post $4.50 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 10th will be paid a $0.42 dividend. This is a boost from GATX’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Wednesday, March 8th.
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Several equities research analysts have recently commented on GATX shares. Citigroup Inc started coverage on GATX in a report on Tuesday, December 20th. They set a “buy” rating for the company. Stifel Nicolaus downgraded GATX from a “hold” rating to a “sell” rating and set a $49.00 target price for the company. in a report on Thursday, January 12th. Axiom Securities reaffirmed a “sell” rating on shares of GATX in a report on Thursday. Sidoti downgraded GATX from a “buy” rating to a “neutral” rating in a report on Wednesday, December 14th. Finally, Zacks Investment Research raised GATX from a “sell” rating to a “hold” rating in a report on Monday, February 27th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $47.40.
Large investors have recently added to or reduced their stakes in the stock. Tyers Asset Management LLC purchased a new stake in GATX during the fourth quarter valued at approximately $107,000. Flinton Capital Management LLC purchased a new stake in GATX during the fourth quarter valued at approximately $136,000. Raymond James Financial Services Advisors Inc. purchased a new stake in GATX during the fourth quarter valued at approximately $202,000. Ellington Management Group LLC purchased a new stake in GATX during the fourth quarter valued at approximately $228,000. Finally, Bessemer Group Inc. purchased a new stake in GATX during the fourth quarter valued at approximately $250,000.
GATX Company Profile
GATX Corporation is a railcar lessor, owning fleets in North America, Europe and Asia. The Company operates through four segments: Rail North America, Rail International, American Steamship Company (ASC) and Portfolio Management. Rail North America provides railcars pursuant to full-service leases under which it maintains the railcars, pays ad valorem taxes and insurance, and provides other ancillary services.
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