Gold prices buoyed by tariff fears; US duties on 1-kilo bars spur supply concerns
CHICAGO—Jennifer McManus, Senior Vice President and Controller at GATX Corp (NYSE:GATX), recently executed significant stock transactions, according to a recent SEC filing. On June 12, McManus sold 1,800 shares of GATX common stock at prices ranging from $154.46 to $155.34, generating a total of $278,856. The transaction occurred near GATX’s current trading price of $154.92, with the company commanding a market capitalization of approximately $5.5 billion.
In a related move, McManus exercised options to acquire 1,800 shares at a price of $71.525 each, totaling $128,745. The transactions left her with 3,468 shares of GATX common stock. The company, which boasts an impressive 55-year streak of maintaining dividend payments and has raised its dividend for 14 consecutive years, currently offers a dividend yield of 1.57%.
These transactions highlight ongoing insider activity within GATX, a global leader in railcar leasing. According to InvestingPro analysis, while GATX maintains strong liquidity with current assets exceeding short-term obligations, the stock appears to be trading above its Fair Value. Discover more insights about GATX and access 12 additional exclusive ProTips with an InvestingPro subscription.
In other recent news, GATX Corporation reported its first-quarter 2025 earnings, surpassing market expectations with an earnings per share of $2.15, compared to the forecasted $2.07. Revenue also exceeded predictions, reaching $421.6 million against a forecast of $417.25 million. In a significant development, GATX announced a joint venture with Brookfield Infrastructure Partners (TSX:BIP_u) to acquire Wells Fargo (NYSE:WFC)’s fleet of railcars for $4.4 billion. This acquisition, expected to close by the first quarter of 2026, will allow GATX to gradually increase its ownership from 30% to 100% over the next decade. Analysts from Goldman Sachs maintained a Buy rating for GATX, citing strategic growth objectives aligned with the acquisition. Additionally, GATX shareholders approved board directors and executive pay at their annual meeting, reflecting confidence in the company’s management. The company also highlighted that the acquisition is anticipated to be "modestly accretive to earnings per share" in the first year post-closing.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.