Jeffery R. Young Sells 297 Shares of GATX Co. (NYSE:GATX) Stock

GATX Co. (NYSE:GATX - Get Free Report) SVP Jeffery R. Young sold 297 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $164.63, for a total transaction of $48,895.11. Following the completion of the sale, the senior vice president now directly owns 7,362 shares in the company, valued at approximately $1,212,006.06. The trade was a 3.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

GATX Price Performance

GATX stock traded down $0.46 during trading hours on Monday, hitting $164.95. 42,584 shares of the stock were exchanged, compared to its average volume of 142,582. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.41 and a current ratio of 2.77. The stock has a market capitalization of $5.86 billion, a P/E ratio of 21.28 and a beta of 0.99. GATX Co. has a 12 month low of $122.00 and a 12 month high of $168.29. The business's 50-day moving average is $158.87 and its two-hundred day moving average is $146.90.

GATX (NYSE:GATX - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The transportation company reported $1.93 earnings per share for the quarter, topping the consensus estimate 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 quarter in the previous year, the business earned $1.74 EPS. Equities research analysts expect that GATX Co. will post 8.5 EPS for the current fiscal year.

GATX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a dividend of $0.61 per share. This is a boost from GATX's previous quarterly dividend of $0.58. This represents a $2.44 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, February 28th. GATX's dividend payout ratio is 29.86%.

Institutional Trading of GATX

Hedge funds have recently modified their holdings of the stock. Natixis Advisors LLC lifted its holdings in GATX by 7.3% in the fourth quarter. Natixis Advisors LLC now owns 179,892 shares of the transportation company's stock valued at $27,876,000 after buying an additional 12,241 shares during the period. Swiss National Bank lifted its holdings in GATX by 0.8% in the fourth quarter. Swiss National Bank now owns 66,500 shares of the transportation company's stock valued at $10,305,000 after buying an additional 500 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in GATX in the fourth quarter valued at approximately $816,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in GATX by 5.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,709 shares of the transportation company's stock valued at $1,195,000 after buying an additional 365 shares during the period. Finally, Jackson Creek Investment Advisors LLC lifted its holdings in GATX by 5.0% in the fourth quarter. Jackson Creek Investment Advisors LLC now owns 11,322 shares of the transportation company's stock valued at $1,754,000 after buying an additional 536 shares during the period. 93.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GATX. The Goldman Sachs Group began coverage on shares of GATX in a research note on Monday, November 18th. They issued a "buy" rating and a $185.00 target price on the stock. Sidoti cut shares of GATX from a "buy" rating to a "neutral" rating and set a $158.00 price objective on the stock. in a research note on Wednesday, December 4th. Finally, Susquehanna upped their price objective on shares of GATX from $122.00 to $140.00 and gave the stock a "neutral" rating in a research note on Monday, October 21st.

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.