GATX Co. (NYSE:GATX) posted its quarterly earnings data on Thursday. The transportation company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.36. GATX had a return on equity of 19.97% and a net margin of 18.13%. The firm had revenue of $316.10 million for the quarter, compared to the consensus estimate of $312.24 million. The company’s quarterly revenue was down 5.5% on a year-over-year basis. GATX updated its FY17 guidance to $4.40-4.60 EPS.
GATX (NYSE:GATX) opened at 62.08 on Friday. The stock has a 50 day moving average price of $59.59 and a 200-day moving average price of $55.87. GATX has a 1-year low of $40.66 and a 1-year high of $64.46. The firm has a market cap of $2.45 billion, a P/E ratio of 9.87 and a beta of 1.18.
The business also recently declared a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Friday, March 10th were paid a $0.42 dividend. The ex-dividend date was Wednesday, March 8th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.71%. This is an increase from GATX’s previous quarterly dividend of $0.40. GATX’s dividend payout ratio is 25.48%.
In other news, VP William M. Muckian sold 1,000 shares of the firm’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $59.06, for a total value of $59,060.00. Following the completion of the sale, the vice president now directly owns 10,160 shares in the company, valued at approximately $600,049.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Michael T. Brooks sold 3,653 shares of the firm’s stock in a transaction dated Tuesday, January 24th. The shares were sold at an average price of $59.45, for a total value of $217,170.85. Following the completion of the sale, the senior vice president now owns 27,300 shares of the company’s stock, valued at $1,622,985. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,993 shares of company stock valued at $995,795. Company insiders own 3.43% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Tyers Asset Management LLC purchased a new stake in shares of GATX during the fourth quarter valued at approximately $107,000. Flinton Capital Management LLC purchased a new stake in shares of GATX during the fourth quarter valued at approximately $136,000. Bank of Montreal Can increased its stake in shares of GATX by 19.4% in the first quarter. Bank of Montreal Can now owns 2,525 shares of the transportation company’s stock valued at $154,000 after buying an additional 410 shares in the last quarter. Capstone Asset Management Co. purchased a new stake in shares of GATX during the first quarter valued at approximately $200,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of GATX during the fourth quarter valued at approximately $202,000.
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GATX has been the topic of several research reports. Stifel Nicolaus downgraded GATX from a “hold” rating to a “sell” rating and set a $49.00 price objective on the stock. in a report on Thursday, January 12th. Axiom Securities reaffirmed a “sell” rating and set a $27.00 price objective on shares of GATX in a report on Tuesday, January 24th. Zacks Investment Research downgraded GATX from a “hold” rating to a “sell” rating in a report on Monday, January 23rd. Finally, Cowen and Company initiated coverage on GATX in a research note on Friday, March 3rd. They issued a “market perform” rating and a $62.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $47.40.
GATX Company Profile
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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