GATX Co. (NYSE:GATX) CEO Brian A. Kenney sold 20,743 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $85.94, for a total transaction of $1,782,653.42. Following the completion of the sale, the chief executive officer now owns 238,111 shares of the company’s stock, valued at approximately $20,463,259.34. The transaction was disclosed in a document filed with the SEC, which is available at this link.

GATX traded up $0.53 during trading on Friday, reaching $83.17. The company had a trading volume of 317,550 shares, compared to its average volume of 175,750. The company has a debt-to-equity ratio of 2.43, a quick ratio of 2.77 and a current ratio of 2.77. GATX Co. has a 12 month low of $56.00 and a 12 month high of $91.12. The firm has a market cap of $3.09 billion, a P/E ratio of 16.15, a PEG ratio of 1.08 and a beta of 1.39.

GATX (NYSE:GATX) last announced its quarterly earnings results on Thursday, July 19th. The transportation company reported $1.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.24. GATX had a net margin of 37.03% and a return on equity of 11.34%. The firm had revenue of $349.50 million for the quarter, compared to analyst estimates of $340.50 million. During the same quarter in the previous year, the firm posted $1.32 earnings per share. The business’s revenue was up .3% on a year-over-year basis. sell-side analysts anticipate that GATX Co. will post 5.06 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 30th. Shareholders of record on Friday, September 14th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, September 13th. GATX’s payout ratio is currently 37.45%.

Several equities research analysts have recently commented on GATX shares. Buckingham Research lifted their price target on shares of GATX from $67.00 to $74.00 and gave the stock a “neutral” rating in a research report on Friday, July 27th. Mizuho began coverage on shares of GATX in a research report on Wednesday, July 4th. They set a “buy” rating and a $88.00 price target for the company. Stifel Nicolaus set a $78.00 price objective on shares of GATX and gave the company a “hold” rating in a report on Thursday, July 19th. Zacks Investment Research cut shares of GATX from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th. Finally, ValuEngine cut shares of GATX from a “buy” rating to a “hold” rating in a report on Wednesday, June 13th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $81.17.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Synovus Financial Corp lifted its position in shares of GATX by 7.2% in the second quarter. Synovus Financial Corp now owns 10,104 shares of the transportation company’s stock worth $748,000 after purchasing an additional 676 shares in the last quarter. Commerce Bank bought a new stake in shares of GATX in the first quarter worth $200,000. Janus Henderson Group PLC lifted its position in shares of GATX by 20.6% in the second quarter. Janus Henderson Group PLC now owns 849,712 shares of the transportation company’s stock worth $63,074,000 after purchasing an additional 145,019 shares in the last quarter. Intrinsic Edge Capital Management LLC bought a new stake in shares of GATX in the first quarter worth $2,055,000. Finally, Cornerstone Wealth Management LLC bought a new stake in shares of GATX in the second quarter worth $767,000.

About GATX

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

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