GATX Corporation (NYSE:GATX) has been given an average rating of “Hold” by the ten brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $63.00.
A number of equities analysts have commented on GATX shares. Buckingham Research started coverage on shares of GATX Corporation in a research report on Wednesday, June 21st. They set a “neutral” rating and a $64.00 price objective for the company. Zacks Investment Research cut shares of GATX Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. Cowen and Company reaffirmed a “hold” rating and set a $63.00 price objective on shares of GATX Corporation in a research report on Monday, August 28th. Stifel Nicolaus raised shares of GATX Corporation from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $50.00 to $54.00 in a research report on Monday, July 17th. Finally, Citigroup Inc. reduced 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.
GATX Corporation (NYSE GATX) traded up 0.27% during trading on Friday, reaching $62.66. 162,459 shares of the company traded hands. GATX Corporation has a 12 month low of $42.21 and a 12 month high of $66.30. The company has a market cap of $2.43 billion, a PE ratio of 10.56 and a beta of 1.20. The company’s 50-day moving average is $60.95 and its 200 day moving average is $61.37.
GATX Corporation (NYSE:GATX) last released its quarterly earnings data on Thursday, July 20th. The transportation company reported $1.32 EPS for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.21. GATX Corporation had a net margin of 17.09% and a return on equity of 17.83%. The firm had revenue of $348.40 million during the quarter, compared to analysts’ expectations of $352.64 million. During the same period in the previous year, the business posted $1.49 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, analysts anticipate that GATX Corporation will post $4.60 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 30th. Shareholders of record on Friday, September 15th were given a dividend of $0.42 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.68 dividend on an annualized basis and a yield of 2.68%. GATX Corporation’s dividend payout ratio (DPR) is 28.38%.
In other news, VP Jeffery R. Young sold 2,910 shares of GATX Corporation stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $58.70, for a total transaction of $170,817.00. Following the completion of the sale, the vice president now owns 6,881 shares of the company’s stock, valued at $403,914.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.50% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of GATX. Shine Investment Advisory Services Inc. acquired a new stake in shares of GATX Corporation during the second quarter worth $118,000. IFP Advisors Inc lifted its holdings in shares of GATX Corporation by 2.9% during the second quarter. IFP Advisors Inc now owns 2,259 shares of the transportation company’s stock worth $145,000 after buying an additional 64 shares in the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of GATX Corporation by 55.4% during the second quarter. Riverhead Capital Management LLC now owns 2,331 shares of the transportation company’s stock worth $150,000 after buying an additional 831 shares in the last quarter. Advisor Group Inc. lifted its holdings in shares of GATX Corporation by 15.5% during the second quarter. Advisor Group Inc. now owns 2,519 shares of the transportation company’s stock worth $161,000 after buying an additional 338 shares in the last quarter. Finally, LS Investment Advisors LLC lifted its holdings in shares of GATX Corporation by 17.6% during the second quarter. LS Investment Advisors LLC now owns 3,133 shares of the transportation company’s stock worth $201,000 after buying an additional 469 shares in the last quarter.
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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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