GATX (NYSE:GATX) SVP Kevin Hillesland Sells 1,900 Shares of Company Stock

GATX Corporation (NYSE:GATX) SVP Kevin Hillesland sold 1,900 shares of GATX stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $187.26, for a total transaction of $355,794.00. Following the completion of the sale, the senior vice president directly owned 7,212 shares in the company, valued at approximately $1,350,519.12. This represents a 20.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

GATX Price Performance

GATX stock opened at $182.73 on Friday. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.90 and a current ratio of 2.38. The firm’s fifty day moving average is $174.55 and its 200 day moving average is $179.10. The firm has a market cap of $6.38 billion, a P/E ratio of 16.97 and a beta of 1.19. GATX Corporation has a 52 week low of $150.69 and a 52 week high of $205.56.

GATX (NYSE:GATX) last posted its earnings results on Thursday, October 29th. The transportation company reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.46. GATX had a return on equity of 10.62% and a net margin of 17.69%. The business had revenue of $598.00 million during the quarter, compared to analyst estimates of $592.66 million. During the same quarter last year, the company earned $2.25 EPS. The company’s quarterly revenue was up 36.1% compared to the same quarter last year. Research analysts predict that GATX Corporation will post 10.30 earnings per share for the current year.

GATX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be given a $0.66 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $2.64 annualized dividend and a dividend yield of 1.4%. GATX’s payout ratio is currently 24.51%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GATX. Citigroup lifted their price target on GATX from $215.00 to $216.00 and gave the company a “buy” rating in a report on Thursday, October 8th. Weiss Ratings upgraded shares of GATX from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. Finally, Susquehanna boosted their target price on GATX from $218.00 to $220.00 and gave the company a “positive” rating in a research note on Thursday. Four analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $219.33.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. HB Wealth Management LLC lifted its position in shares of GATX by 3.6% during the 2nd quarter. HB Wealth Management LLC now owns 1,806 shares of the transportation company’s stock valued at $320,000 after buying an additional 63 shares in the last quarter. Assetmark Inc. increased its stake in GATX by 50.8% in the 1st quarter. Assetmark Inc. now owns 196 shares of the transportation company’s stock worth $33,000 after buying an additional 66 shares during the period. Versant Capital Management Inc grew its position in shares of GATX by 23.3% during the 2nd quarter. Versant Capital Management Inc now owns 407 shares of the transportation company’s stock worth $72,000 after buying an additional 77 shares in the last quarter. Knights of Columbus Asset Advisors LLC raised its position in shares of GATX by 0.5% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 19,683 shares of the transportation company’s stock worth $3,347,000 after acquiring an additional 107 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its stake in GATX by 6.5% in the third quarter. Kestra Advisory Services LLC now owns 1,792 shares of the transportation company’s stock valued at $305,000 after acquiring an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

About GATX

GATX Corporation is a global asset-leasing company focused primarily on rail transportation. Through its rail businesses, the company owns, leases and manages a diverse fleet of freight railcars used to transport commodities and manufactured goods, including tank cars, covered and open hoppers, boxcars and specialized rail equipment. GATX also provides fleet management, maintenance and other services that support railcar customers.

GATX serves customers across North America and Europe through operations that include GATX Rail North America and GATX Rail Europe.