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Paul F. Titterton, EVP & President of Rail North America at GATX Corp (NYSE:GATX), recently executed several transactions involving the company’s common stock. On June 3, Titterton sold a total of 18,700 shares, generating approximately $2.93 million. The shares were sold at prices ranging from $156.0363 to $157.005 per share.
In addition to these sales, Titterton acquired 18,700 shares through the exercise of stock options, with the transaction prices ranging from $77.07 to $91.36 per share. The total value of these acquisitions was approximately $1.58 million. Following these transactions, Titterton holds 10,468 shares of GATX Corp directly. The company has maintained 55 consecutive years of dividend payments, with 14 straight years of dividend increases, currently yielding 1.57%. InvestingPro subscribers can access 10+ additional key insights about GATX’s financial health and valuation metrics.
In other recent news, GATX Corporation reported its first-quarter 2025 earnings, which exceeded market expectations. The company achieved an earnings per share of $2.15, surpassing the forecasted $2.07, and reported revenue of $421.6 million, beating the expected $417.25 million. GATX, in collaboration with Brookfield Infrastructure Partners (TSX:BIP_u), announced a significant $4.4 billion acquisition of Wells Fargo’s railcar fleet, a strategic move anticipated to close by the first quarter of 2026. This joint venture allows GATX to increase its ownership from 30% to full control over the next decade, potentially enhancing its market position. Analysts from Goldman Sachs have maintained a Buy rating for GATX, highlighting the acquisition’s alignment with the company’s growth objectives. Additionally, GATX shareholders approved all board director nominees and executive compensation at the recent annual meeting, demonstrating confidence in the company’s strategic direction. GATX’s President and CEO, Robert C. Lyons, noted that the acquisition would be modestly accretive to earnings per share in its first year post-closing. The company also maintained its full-year earnings guidance of $8.30 to $8.70 per share, reflecting its strong market position despite broader economic uncertainties.
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