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

GATX Co. (NYSE:GATX) VP Robert Zmudka sold 4,800 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $163.83, for a total transaction of $786,384.00. Following the completion of the sale, the vice president now owns 7,493 shares in the company, valued at $1,227,578.19. The trade was a 39.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

GATX Price Performance

GATX stock opened at $166.22 on Friday. GATX Co. has a 12-month low of $122.00 and a 12-month high of $168.29. The firm’s 50-day moving average is $158.85 and its two-hundred day moving average is $146.59. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.77 and a quick ratio of 3.41. The stock has a market capitalization of $5.90 billion, a P/E ratio of 21.39 and a beta of 0.99.

GATX (NYSE:GATX) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.25. GATX had a net margin of 17.92% and a return on equity of 12.07%. During the same period in the prior year, the firm earned $1.74 earnings per share. Equities analysts predict that GATX Co. will post 8.5 earnings per share for the current year.

GATX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a $0.61 dividend. This is a boost from GATX’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.44 annualized dividend and a dividend yield of 1.47%. GATX’s payout ratio is presently 29.86%.

Institutional Investors Weigh In On GATX

Several institutional investors and hedge funds have recently added to or reduced their stakes in GATX. UMB Bank n.a. raised its stake in shares of GATX by 91.8% in the fourth quarter. UMB Bank n.a. now owns 163 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 78 shares in the last quarter. Wolff Wiese Magana LLC bought a new stake in shares of GATX during the third quarter worth $28,000. Assetmark Inc. boosted its holdings in GATX by 60.4% in the fourth quarter. Assetmark Inc. now owns 178 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 67 shares during the last quarter. Versant Capital Management Inc boosted its holdings in GATX by 184.6% in the fourth quarter. Versant Capital Management Inc now owns 259 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 168 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA acquired a new position in GATX in the fourth quarter valued at about $46,000. 93.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on GATX. Susquehanna increased their price objective on shares of GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Sidoti cut shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 price target for the company. in a research report on Wednesday, December 4th. Finally, The Goldman Sachs Group initiated coverage on shares of GATX in a research note on Monday, November 18th. They issued a “buy” rating and a $185.00 price objective for the company.

About GATX

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.