BidaskClub downgraded shares of GATX Corporation (NYSE:GATX) from a hold rating to a sell rating in a report issued on Saturday morning.
Several other research analysts also recently weighed in on GATX. ValuEngine upgraded GATX Corporation from a buy rating to a strong-buy rating in a research note on Saturday, June 3rd. Axiom Securities restated a sell rating on shares of GATX Corporation in a research note on Friday, June 16th. Buckingham Research assumed coverage on GATX Corporation in a research note on Wednesday, June 21st. They issued a neutral rating and a $64.00 price target for the company. Stifel Nicolaus upgraded GATX Corporation from a sell rating to a hold rating and increased their target price for the company from $50.00 to $54.00 in a research report on Monday, July 17th. Finally, Zacks Investment Research downgraded GATX Corporation from a buy rating to a hold rating in a research report on Monday, July 17th. Three analysts have rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $56.00.
GATX Corporation (NYSE:GATX) opened at 59.01 on Friday. The stock has a market capitalization of $2.28 billion, a P/E ratio of 9.95 and a beta of 1.20. GATX Corporation has a 1-year low of $40.66 and a 1-year high of $66.30. The firm’s 50 day moving average is $61.39 and its 200 day moving average is $60.97.
GATX Corporation (NYSE:GATX) last posted its quarterly earnings results on Thursday, July 20th. The transportation company reported $1.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.21. GATX Corporation had a return on equity of 17.83% and a net margin of 17.09%. The business had revenue of $348.40 million during the quarter, compared to the consensus estimate of $352.64 million. During the same period in the prior year, the company posted $1.49 EPS. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, equities research analysts anticipate that GATX Corporation will post $4.60 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Saturday, September 30th. Stockholders of record on Friday, September 15th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.85%. GATX Corporation’s dividend payout ratio is currently 28.38%.
In related news, EVP Deborah A. Golden sold 1,368 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $64.46, for a total transaction of $88,181.28. Following the sale, the executive vice president now owns 37,083 shares in the company, valued at approximately $2,390,370.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.50% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Shine Investment Advisory Services Inc. purchased a new stake in GATX Corporation during the 2nd quarter valued at $118,000. Tyers Asset Management LLC raised its holdings in GATX Corporation by 10.1% during the 1st 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. IFP Advisors Inc raised its holdings in GATX Corporation by 0.4% during the 1st 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. Riverhead Capital Management LLC increased 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 worth $150,000 after purchasing an additional 831 shares during the period. Finally, Flinton Capital Management LLC increased 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 worth $149,000 after purchasing an additional 224 shares during the period.
GATX Corporation 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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