William M. Muckian Sells 4,200 Shares of GATX Co. (NYSE:GATX) Stock

GATX Co. (NYSE:GATX) VP William M. Muckian sold 4,200 shares of GATX stock in a transaction on Monday, June 10th. The stock was sold at an average price of $75.13, for a total transaction of $315,546.00. Following the sale, the vice president now directly owns 11,860 shares in the company, valued at approximately $891,041.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

GATX stock opened at $74.80 on Friday. GATX Co. has a 12-month low of $67.46 and a 12-month high of $91.12. The firm has a market cap of $2.71 billion, a P/E ratio of 17.25, a PEG ratio of 0.99 and a beta of 1.49. The company has a current ratio of 2.87, a quick ratio of 2.87 and a debt-to-equity ratio of 2.64.

GATX (NYSE:GATX) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.07). GATX had a return on equity of 9.10% and a net margin of 12.86%. The firm had revenue of $317.00 million for the quarter, compared to analysts’ expectations of $307.14 million. During the same period last year, the firm earned $1.98 EPS. The business’s quarterly revenue was up 3.8% on a year-over-year basis. On average, equities analysts expect that GATX Co. will post 5.03 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 30th. Investors of record on Friday, June 14th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.46%. The ex-dividend date is Thursday, June 13th. GATX’s dividend payout ratio (DPR) is 35.25%.

GATX has been the topic of several analyst reports. Mizuho set a $87.00 price target on shares of GATX and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Zacks Investment Research raised shares of GATX from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a research note on Tuesday, March 26th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $82.00.

Institutional investors have recently added to or reduced their stakes in the stock. Connable Office Inc. grew its holdings in GATX by 3.2% during the 1st quarter. Connable Office Inc. now owns 4,477 shares of the transportation company’s stock worth $342,000 after acquiring an additional 137 shares in the last quarter. Advisor Group Inc. grew its holdings in GATX by 3.3% during the 4th quarter. Advisor Group Inc. now owns 4,773 shares of the transportation company’s stock worth $338,000 after acquiring an additional 154 shares in the last quarter. Synovus Financial Corp grew its holdings in GATX by 1.8% during the 4th quarter. Synovus Financial Corp now owns 10,943 shares of the transportation company’s stock worth $773,000 after acquiring an additional 192 shares in the last quarter. ETF Managers Group LLC grew its holdings in GATX by 10.0% during the 1st quarter. ETF Managers Group LLC now owns 2,115 shares of the transportation company’s stock worth $162,000 after acquiring an additional 192 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in GATX by 0.9% during the 4th quarter. Great West Life Assurance Co. Can now owns 22,839 shares of the transportation company’s stock worth $1,500,000 after acquiring an additional 197 shares in the last quarter.

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GATX Company Profile

GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets worldwide. The company operates through four segments: Rail North America, Rail International, Portfolio Management, and American Steamship Company (ASC). The Rail North America segment primarily leases railcars and locomotives.

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