GATX Corporation (NYSE:GATX) has received a consensus rating of “Hold” from the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $61.00.
A number of research analysts have weighed in on GATX shares. Zacks Investment Research upgraded shares of GATX Corporation from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Friday, April 21st. Citigroup Inc. decreased their price objective on shares of GATX Corporation from $73.00 to $71.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Stifel Nicolaus upgraded shares of GATX Corporation from a “sell” rating to a “hold” rating and upped their price objective for the stock from $50.00 to $54.00 in a research report on Monday, July 17th. Cowen and Company reiterated a “market perform” rating and issued a $63.00 price objective (up previously from $62.00) on shares of GATX Corporation in a research report on Sunday, April 23rd. Finally, Buckingham Research initiated coverage on shares of GATX Corporation in a research note on Wednesday, June 21st. They set a “neutral” rating and a $64.00 target price for the company.
In related news, EVP Deborah A. Golden sold 1,368 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $64.46, for a total transaction of $88,181.28. Following the completion of the sale, the executive vice president now owns 37,083 shares of the company’s stock, valued at approximately $2,390,370.18. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP James M. Conniff sold 638 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $64.94, for a total transaction of $41,431.72. The disclosure for this sale can be found here. Insiders have sold 9,517 shares of company stock valued at $601,618 in the last three months. Corporate insiders own 3.50% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Tyers Asset Management LLC boosted its stake in GATX Corporation by 10.1% in the first quarter. Tyers Asset Management LLC now owns 1,914 shares of the transportation company’s stock valued at $117,000 after buying an additional 176 shares during the period. Shine Investment Advisory Services Inc. purchased a new stake in GATX Corporation during the second quarter valued at $118,000. IFP Advisors Inc boosted its stake in GATX Corporation by 0.4% in the first quarter. IFP Advisors Inc now owns 2,195 shares of the transportation company’s stock valued at $134,000 after buying an additional 9 shares during the period. Flinton Capital Management LLC boosted its stake in GATX Corporation by 10.1% in the first quarter. Flinton Capital Management LLC now owns 2,436 shares of the transportation company’s stock valued at $149,000 after buying an additional 224 shares during the period. Finally, Riverhead Capital Management LLC boosted its stake in GATX Corporation by 55.4% in the second quarter. Riverhead Capital Management LLC now owns 2,331 shares of the transportation company’s stock valued at $150,000 after buying an additional 831 shares during the period.
Shares of GATX Corporation (GATX) opened at 62.03 on Tuesday. GATX Corporation has a 52 week low of $40.66 and a 52 week high of $66.30. The firm has a 50-day moving average price of $62.72 and a 200-day moving average price of $60.66. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 10.46 and a beta of 1.19.
GATX Corporation (NYSE:GATX) last issued its quarterly earnings data on Thursday, July 20th. The transportation company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.21. The business had revenue of $348.40 million during the quarter, compared to the consensus estimate of $352.64 million. GATX Corporation had a net margin of 17.09% and a return on equity of 17.83%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.49 earnings per share. On average, equities analysts anticipate that GATX Corporation will post $4.60 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, September 30th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.42 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.71%. GATX Corporation’s dividend payout ratio is currently 28.38%.
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About GATX Corporation
GATX Corporation is a global railcar lessor, owning fleets in North America, Europe, and Asia. In addition, the Company operates fleet of the United States-flagged vessels on the Great Lakes and jointly with Rolls-Royce plc, it owns aircraft spare engine lease portfolios in the world. It operates through four business segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management.
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