GATX Co. (NYSE:GATX) CEO Sells $1,782,653.42 in Stock
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.
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.
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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