Significant Insider Sales in Shares of GATX (GATX) Extends the Selling Trend of Last Quarter

Friday, February 02, 2018 10:15 PM ET

Significant Insider Sales in Shares of GATX (GATX) Extends the Selling Trend of Last Quarter

In SEC filings today GATX reported two insiders — Brian A Kenney, Director and Officer, and Michael T. Brooks, Officer — disposed of 21,903 shares in the company having a market value of approximately $1,559,488. There have been 3 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 14,055 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 35,958 shares and have averaged 7,192 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at GATX is above its 8-company peer group average. The Commercial Leasing peer group saw 1 buy/sell trades during this period for an average of 0.1 transactions per company. However, the number of shares traded per transaction by GATX insiders is lower than its peers. Within the peer group there were 25,000 shares purchased and 0 shares sold with company insiders acquiring 25,000 shares on average over this time period.

The data sourced in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Today’s Insider Activity
* Brian A Kenney, Director and Officer, sold 20,112 shares
* Michael T. Brooks, Officer, sold 1,791 shares

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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