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 firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $139.66, for a total transaction of $670,368.00. Following the completion of the sale, the vice president now directly owns 7,493 shares of the company’s stock, valued at approximately $1,046,472.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

GATX Price Performance

GATX opened at $138.17 on Thursday. The company has a fifty day moving average price of $131.15 and a two-hundred day moving average price of $123.53. The company has a debt-to-equity ratio of 3.28, a quick ratio of 3.39 and a current ratio of 3.39. GATX Co. has a 52 week low of $97.21 and a 52 week high of $141.24. The firm has a market capitalization of $4.92 billion, a PE ratio of 19.68 and a beta of 1.00.

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

GATX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 30th. Investors of record on Friday, June 14th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Friday, June 14th. GATX’s dividend payout ratio is currently 33.05%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of GATX from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Susquehanna raised their price target on shares of GATX from $120.00 to $122.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Finally, TD Cowen lifted their target price on shares of GATX from $122.00 to $136.00 and gave the stock a “market perform” rating in a report on Wednesday, January 24th.

Institutional Trading of GATX

A number of large investors have recently made changes to their positions in the company. Atria Investments Inc bought a new stake in shares of GATX in the 1st quarter valued at $1,747,000. Tidal Investments LLC acquired a new position in GATX in the 1st quarter worth $351,000. Earnest Partners LLC boosted its stake in GATX by 2.7% in the 1st quarter. Earnest Partners LLC now owns 3,049,841 shares of the transportation company’s stock worth $408,770,000 after purchasing an additional 80,087 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in GATX by 5.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,125 shares of the transportation company’s stock worth $3,234,000 after purchasing an additional 1,328 shares during the period. Finally, Linscomb Wealth Inc. acquired a new position in GATX in the 1st quarter worth $202,000. 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.