Gatx Corp (GMT): Jeffery R. Young , Vice President, Tax of Gatx Corp sold 800 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 25, 2016 to the Securities and Exchange Commission. The shares were sold at $45.40 per share for a total value of $36,320.40 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jan 29, 2016, James M. Conniff (Sr. VP, Human Resources) sold 265 shares at $45.57 per share price.On Nov 3, 2015, Brian A Kenney (Chairman, President and CEO) sold 13,040 shares at $46.86 per share price.Also, On Nov 2, 2015, Deborah A Golden (EVP, Gen. Counsel and Secy) sold 3,313 shares at $46.79 per share price.On Oct 29, 2015, Curt F Glenn (Sr. VP, Portfolio Management) sold 4,016 shares at $45.50 per share price.
GATX Corporation: On Friday, May 20, 2016 heightened volatility was witnessed in GATX Corporation which led to swings in the share price. The shares opened for trading at $43.55 and hit $44.48 on the upside , eventually ending the session at $44.35, with a gain of 2.47% or 1.07 points. The heightened volatility saw the trading volume jump to 3,25,662 shares. The 52-week high of the share price is $57.93 and the company has a market cap of $1,814 M . The 52-week low of the share price is at $33.53.
On Apr 22, 2016, GATX Corporation announced a cash dividend of $0.4000. The company’s management has announced Jun 13, 2016 as the ex-dividend date and fixed the record date on Jun 15, 2016. The payable date has been fixed on Jun 30, 2016.
Company has been under the radar of several Street Analysts.GATX Corporation is Initiated by Wells Fargo to Outperform. The Rating was issued on May 9, 2016.GATX Corporation is Downgraded by Raymond James to Mkt Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 22, 2016.GATX Corporation is Downgraded by Stifel to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 22, 2016.
GATX Corporation (GATX) is the independent global railcar lessor owning fleets in North America Europe and Asia. The Company operates through four segments: Rail North America Rail International American Steamship Company (ASC) and Portfolio Management. Rail North America comprises the Companys wholly owned operations in the United States Canada and Mexico as well as an affiliate investment. Rail International comprises the Companys wholly owned European operations (GATX Rail Europe) and a railcar leasing business in India (Rail India) as well as one development-stage affiliate in China. ASC operates the fleet of United States flagged vessels on the Great Lakes. Portfolio Management generates leasing marine operating asset remarketing and management fee income through a collection of diversified wholly owned assets and joint venture investments. GATX’s wholly owned fleet consists of approximately 149000 railcars.