GATX Co. (NYSE:GATX – Get Free Report) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 1,140,000 shares, a decrease of 13.6% from the January 31st total of 1,320,000 shares. Approximately 3.3% of the company’s stock are short sold. Based on an average daily volume of 138,400 shares, the days-to-cover ratio is currently 8.2 days.
Insider Buying and Selling
In related news, CEO Robert C. Lyons sold 19,300 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $125.70, for a total transaction of $2,426,010.00. Following the completion of the transaction, the chief executive officer now owns 44,710 shares in the company, valued at $5,620,047. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other GATX news, CEO Robert C. Lyons sold 19,300 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $125.70, for a total transaction of $2,426,010.00. Following the sale, the chief executive officer now directly owns 44,710 shares of the company’s stock, valued at $5,620,047. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Thomas A. Ellman sold 18,000 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $127.54, for a total transaction of $2,295,720.00. Following the sale, the chief financial officer now directly owns 35,429 shares in the company, valued at $4,518,614.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,494 shares of company stock worth $4,746,230. 1.80% of the stock is owned by insiders.
Institutional Trading of GATX
Several institutional investors have recently made changes to their positions in GATX. Illinois Municipal Retirement Fund bought a new position in GATX during the third quarter valued at about $632,000. Envestnet Portfolio Solutions Inc. bought a new position in GATX during the third quarter valued at about $549,000. Beverly Hills Private Wealth LLC lifted its holdings in GATX by 104.5% during the second quarter. Beverly Hills Private Wealth LLC now owns 12,507 shares of the transportation company’s stock valued at $1,513,000 after purchasing an additional 6,390 shares during the last quarter. Quantbot Technologies LP purchased a new stake in GATX during the third quarter valued at about $1,089,000. Finally, Campbell & CO Investment Adviser LLC lifted its holdings in GATX by 299.1% during the third quarter. Campbell & CO Investment Adviser LLC now owns 11,279 shares of the transportation company’s stock valued at $1,227,000 after purchasing an additional 8,453 shares during the last quarter. Institutional investors own 99.15% of the company’s stock.
Analyst Upgrades and Downgrades
Get Our Latest Stock Report on GATX
GATX Stock Up 0.3 %
GATX stock opened at $128.13 on Tuesday. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 3.26. GATX has a 12-month low of $97.21 and a 12-month high of $133.01. The firm’s fifty day moving average is $123.05 and its 200 day moving average is $115.55. The company has a market capitalization of $4.55 billion, a PE ratio of 17.92 and a beta of 0.97.
GATX (NYSE:GATX – Get Free Report) last announced its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.16. The business had revenue of $368.70 million during the quarter, compared to analyst estimates of $365.32 million. GATX had a net margin of 18.37% and a return on equity of 11.81%. GATX’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.54 EPS. As a group, sell-side analysts predict that GATX will post 7.53 EPS for the current fiscal year.
GATX Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Sunday, March 31st. Stockholders of record on Friday, March 1st will be paid a $0.58 dividend. This is a positive change from GATX’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, February 29th. This represents a $2.32 annualized dividend and a dividend yield of 1.81%. GATX’s dividend payout ratio is presently 32.45%.
About GATX
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.
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