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

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

GATX Stock Performance

GATX traded up $1.98 during trading on Tuesday, reaching $187.88. The company’s stock had a trading volume of 34,656 shares, compared to its average volume of 219,070. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.90 and a current ratio of 2.38. The company’s fifty day moving average price is $174.72 and its 200-day moving average price is $179.11. GATX Corporation has a 52-week low of $150.69 and a 52-week high of $205.56. The company has a market capitalization of $6.56 billion, a price-to-earnings ratio of 17.44 and a beta of 1.19.

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

GATX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, December 15th. GATX’s dividend payout ratio is currently 24.51%.

Institutional Investors Weigh In On GATX

A number of institutional investors and hedge funds have recently modified their holdings of GATX. Root Financial Partners LLC purchased a new stake in shares of GATX during the 3rd quarter valued at $28,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of GATX in the 2nd quarter worth $32,000. Assetmark Inc. boosted its holdings in GATX by 50.8% in the first quarter. Assetmark Inc. now owns 196 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 66 shares during the last quarter. Versant Capital Management Inc boosted its holdings in GATX by 23.3% in the second quarter. Versant Capital Management Inc now owns 407 shares of the transportation company’s stock valued at $72,000 after acquiring an additional 77 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in GATX by 53.2% in the third quarter. Farther Finance Advisors LLC now owns 688 shares of the transportation company’s stock valued at $117,000 after acquiring an additional 239 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About GATX

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.