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

GATX Co. (NYSE:GATX - Get Free Report) VP Robert Zmudka sold 4,800 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

GATX Stock Performance

Shares of NYSE:GATX traded down $0.71 on Monday, hitting $164.70. 116,669 shares of the company were exchanged, compared to its average volume of 145,603. The company's 50 day moving average price is $158.87 and its two-hundred day moving average price is $147.11. 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 firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 21.20 and a beta of 0.99. GATX Co. has a one year low of $122.00 and a one year high of $168.29.

GATX (NYSE:GATX - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The transportation company reported $1.93 earnings per share (EPS) for the quarter, beating 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 previous year, the business posted $1.74 earnings per share. Research analysts expect that GATX Co. will post 8.5 earnings per share for the current year.

GATX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.61 dividend. 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. This is an increase from GATX's previous quarterly dividend of $0.58. GATX's payout ratio is currently 29.86%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GATX. Assetmark Inc. increased its holdings in GATX by 60.4% during the 4th quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock valued at $28,000 after purchasing an additional 67 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of GATX by 0.6% in the third quarter. HighTower Advisors LLC now owns 10,692 shares of the transportation company's stock valued at $1,418,000 after buying an additional 68 shares during the last quarter. Savant Capital LLC lifted its position in GATX by 4.6% during the 4th quarter. Savant Capital LLC now owns 1,584 shares of the transportation company's stock worth $245,000 after buying an additional 69 shares in the last quarter. Principal Securities Inc. grew its holdings in GATX by 9.0% during the 4th quarter. Principal Securities Inc. now owns 919 shares of the transportation company's stock worth $142,000 after acquiring an additional 76 shares during the last quarter. Finally, Arizona State Retirement System increased its position in GATX by 0.8% in the 4th quarter. Arizona State Retirement System now owns 9,816 shares of the transportation company's stock valued at $1,521,000 after acquiring an additional 77 shares in the last quarter. 93.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.