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

GATX Co. (NYSE:GATX) SVP Jeffery R. Young sold 297 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $164.63, for a total transaction of $48,895.11. Following the transaction, the senior vice president now directly owns 7,362 shares in the company, valued at $1,212,006.06. The trade was a 3.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

GATX Stock Down 0.6 %

Shares of GATX opened at $165.52 on Friday. GATX Co. has a fifty-two week low of $122.00 and a fifty-two week high of $168.29. The company’s fifty day moving average is $158.85 and its two-hundred day moving average is $146.59. The firm has a market cap of $5.88 billion, a PE ratio of 21.30 and a beta of 0.99. The company has a quick ratio of 3.41, a current ratio of 2.77 and a debt-to-equity ratio of 3.37.

GATX (NYSE:GATX) last issued its earnings results 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 return on equity of 12.07% and a net margin of 17.92%. During the same period last year, the company posted $1.74 EPS. Analysts forecast 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 issued a dividend of $0.61 per share. The ex-dividend date is Friday, February 28th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.47%. This is a boost from GATX’s previous quarterly dividend of $0.58. GATX’s payout ratio is presently 29.86%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GATX. Raymond James Financial Inc. purchased a new stake in GATX during the fourth quarter worth approximately $5,391,000. International Assets Investment Management LLC acquired a new stake in GATX in the 3rd quarter valued at $3,922,000. Proficio Capital Partners LLC purchased a new position in GATX in the fourth quarter valued at about $4,562,000. EULAV Asset Management lifted its stake in shares of GATX by 125.0% during the fourth quarter. EULAV Asset Management now owns 37,800 shares of the transportation company’s stock worth $5,857,000 after purchasing an additional 21,000 shares in the last quarter. Finally, Citigroup Inc. lifted its stake in shares of GATX by 209.7% during the third quarter. Citigroup Inc. now owns 29,602 shares of the transportation company’s stock worth $3,921,000 after purchasing an additional 20,045 shares in the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Analyst Upgrades and Downgrades

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