Separately, Stifel Nicolaus restated a hold rating on shares of GATX in a research report on Thursday, August 25th.
GATX (NASDAQ:GATX) traded up 0.69% on Wednesday, reaching $43.58. 268,905 shares of the company traded hands. The stock has a 50-day moving average of $43.12 and a 200 day moving average of $45.16. The company has a market capitalization of $1.76 billion and a PE ratio of 8.07. GATX has a 52-week low of $33.53 and a 52-week high of $52.02.
GATX (NASDAQ:GATX) last issued its earnings results on Thursday, July 21st. The company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.26. The company earned $358.90 million during the quarter, compared to analyst estimates of $364.73 million. On average, equities analysts forecast that GATX will post $5.60 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a $0.40 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $1.60 dividend on an annualized basis and a yield of 3.67%.
In other GATX news, VP William M. Muckian sold 1,166 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $44.01, for a total value of $51,315.66. Following the sale, the vice president now owns 14,645 shares in the company, valued at $644,526.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
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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