Shares of GATX Co. (NYSE:GATX) have received an average rating of “Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $83.00.
Several equities research analysts have weighed in on GATX shares. Wells Fargo & Co set a $90.00 price objective on GATX and gave the stock an “outperform” rating in a research note on Wednesday, January 23rd. Zacks Investment Research raised GATX from a “sell” rating to a “hold” rating in a research note on Monday, February 11th.
NYSE GATX traded down $5.39 during trading hours on Friday, hitting $72.46. 335,576 shares of the company were exchanged, compared to its average volume of 221,500. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.77 and a quick ratio of 1.77. GATX has a 52 week low of $63.98 and a 52 week high of $91.12. The stock has a market capitalization of $2.78 billion, a P/E ratio of 13.88, a PEG ratio of 1.02 and a beta of 1.52.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, March 31st. Stockholders of record on Monday, March 4th will be paid a dividend of $0.46 per share. This is a boost from GATX’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Friday, March 1st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.54%. GATX’s dividend payout ratio is currently 35.25%.
In related news, SVP Jeffery R. Young sold 1,273 shares of the stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $75.89, for a total value of $96,607.97. Following the transaction, the senior vice president now owns 5,627 shares of the company’s stock, valued at $427,033.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Jeffery R. Young sold 2,223 shares of the stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $77.48, for a total value of $172,238.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,022 shares of company stock worth $385,753. Insiders own 3.63% of the company’s stock.
A number of large investors have recently made changes to their positions in GATX. First Trust Advisors LP grew its stake in GATX by 12.5% in the third quarter. First Trust Advisors LP now owns 40,219 shares of the transportation company’s stock worth $3,483,000 after purchasing an additional 4,470 shares in the last quarter. SG Americas Securities LLC lifted its holdings in GATX by 64.4% during the third quarter. SG Americas Securities LLC now owns 24,072 shares of the transportation company’s stock worth $2,084,000 after buying an additional 9,428 shares during the period. JPMorgan Chase & Co. lifted its holdings in GATX by 40.3% during the third quarter. JPMorgan Chase & Co. now owns 114,326 shares of the transportation company’s stock worth $9,900,000 after buying an additional 32,854 shares during the period. Commonwealth Bank of Australia purchased a new stake in GATX during the third quarter worth $424,000. Finally, EAM Investors LLC purchased a new stake in GATX during the third quarter worth $3,053,000.
GATX Company Profile
GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets in North America and internationally. The company operates through four segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management. The Rail North America segment primarily leases railcars and locomotives.
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