Brokerages Set GATX Co. (GATX) Price Target at $83.00

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.

GATX (NYSE:GATX) last issued its quarterly earnings data on Tuesday, January 22nd. The transportation company reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.10. GATX had a return on equity of 10.97% and a net margin of 15.53%. The company had revenue of $356.40 million for the quarter, compared to analysts’ expectations of $348.64 million. During the same period in the previous year, the firm posted $8.83 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, equities research analysts anticipate that GATX will post 5 earnings per share for the current fiscal year.

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.

Recommended Story: Compound Interest

Receive News & Ratings for GATX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GATX and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit