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

GATX Co. (NYSE:GATX) VP Robert Zmudka sold 4,800 shares of GATX stock in a transaction on Monday, May 20th. The stock was sold at an average price of $139.66, for a total transaction of $670,368.00. Following the sale, the vice president now directly owns 7,493 shares of the company’s stock, valued at $1,046,472.38. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

GATX Price Performance

Shares of NYSE:GATX opened at $135.00 on Friday. The company’s fifty day moving average price is $131.22 and its 200 day moving average price is $123.61. GATX Co. has a 12 month low of $97.21 and a 12 month high of $141.24. The company has a debt-to-equity ratio of 3.28, a current ratio of 3.39 and a quick ratio of 3.39. The firm has a market capitalization of $4.81 billion, a P/E ratio of 19.23 and a beta of 1.00.

GATX (NYSE:GATX) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.72 by $0.29. GATX had a net margin of 17.64% and a return on equity of 11.29%. The firm had revenue of $379.90 million for the quarter, compared to analyst estimates of $375.80 million. During the same period last year, the business earned $2.20 EPS. GATX’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, sell-side analysts predict that GATX Co. will post 7.61 earnings per share for the current fiscal year.

GATX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 30th. Shareholders of record on Friday, June 14th will be paid a $0.58 dividend. The ex-dividend date is Friday, June 14th. This represents a $2.32 dividend on an annualized basis and a yield of 1.72%. GATX’s dividend payout ratio is presently 33.05%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Versor Investments LP acquired a new position in GATX in the fourth quarter valued at $733,000. Kingswood Wealth Advisors LLC increased its stake in GATX by 1.4% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 9,323 shares of the transportation company’s stock valued at $1,121,000 after purchasing an additional 130 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in GATX in the third quarter valued at $549,000. Illinois Municipal Retirement Fund acquired a new position in GATX in the third quarter valued at $632,000. Finally, Quantbot Technologies LP acquired a new position in shares of GATX during the third quarter worth about $1,089,000. 93.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Susquehanna lifted their price target on shares of GATX from $120.00 to $122.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th.

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.