GATX Co. (NYSE:GATX) Receives Consensus “Buy” Rating from Analysts
Shares of GATX Co. (NYSE:GATX – Get Rating) earned a consensus “Buy” recommendation from the eight research firms that currently cover the company, Marketbeat.com reports. One analyst rated the stock with a hold recommendation and six gave the company a buy recommendation. The 12-month average price target among analysts who have covered the stock over the past year is $113.79.
GATX has been the subject of a number of research reports. StockNews.com moved GATX shares from a “hold” rating to a “buy” rating in a Monday, May 16 research note. Zacks Investment Research downgraded GATX shares from a “strong buy” rating to a “hold” rating and set a price target of $128.00 for the stock. in a research note from Tuesday, April 5. Finally, Sidoti upgraded GATX shares from a “neutral” rating to a “buy” rating and set a price target of $130.00 on the stock in a Wednesday, February 2 research note.
In other news, CEO Brian A. Kenney sold 36,223 shares of GATX in a trade that took place on Thursday, March 31. The shares were sold at an average price of $123.97, for a total transaction of $4,490,565.31. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Additionally, Vice Chairman Robert Zmudka sold 578 shares of GATX in a trade that took place on Monday, March 7. The shares were sold at an average price of $114.96, for a total transaction of $66,446.88. The disclosure of this sale can be found here. Insiders sold a total of 130,031 shares of the company worth $15,366,209 in the past three months. Company insiders own 3.00% of the company’s shares.
Several hedge funds have recently increased or reduced their stakes in the company. BlackRock Inc. increased its position in GATX shares by 0.7% during the 4th quarter. BlackRock Inc. now owns 4,000,784 shares of the transportation company valued at $416,842,000 after purchasing an additional 26,762 shares during the period. Vanguard Group Inc. increased its stake in GATX by 0.3% in Q1. Vanguard Group Inc. now owns 3,700,649 shares of the transportation company valued at $456,402,000 after buying 11,725 additional shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in GATX by 0.9% in Q1. Dimensional Fund Advisors LP now owns 2,424,394 shares of the transportation company valued at $299,007,000 after buying 21,638 additional shares in the last quarter. Wellington Management Group LLP increased its stake in GATX by 4.8% in the third quarter. Wellington Management Group LLP now owns 1,949,984 shares of the transportation company valued at $174,640,000 after buying an additional 89,068 shares in the last quarter. Finally, State Street Corp increased its stake in GATX by 2.5% in the 1st quarter. State Street Corp now owns 1,128,431 shares of the transportation company valued at $139,169,000 after buying an additional 27,484 shares in the last quarter. 93.76% of the shares are currently held by hedge funds and other institutional investors.
NYSE:GATX opened at $104.50 on Friday. GATX has a 52-week low of $84.50 and a 52-week high of $127.58. The company has a quick ratio of 4.76, a current ratio of 4.76 and a debt ratio of 3.05. The stock has a market capitalization of $3.72 billion, a PE ratio of 20.69 and a beta of 0.97. The stock’s 50-day moving average price is $114.86 and its 200-day moving average price is $107.96.
GATX (NYSE:GATX – Get Rating) last released its results on Wednesday, April 20. The transportation company reported EPS of $2.34 for the quarter, beating consensus analyst estimates of $1.37 by $0.97. The company posted revenue of $316.60 million for the quarter, compared to $322.75 million expected by analysts. GATX had a return on equity of 11.46% and a net margin of 14.38%. The company’s quarterly revenue increased 3.5% year over year. During the same period last year, the company achieved EPS of $1.02. Sell-side analysts expect GATX to post earnings per share of 5.78 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30. Shareholders of record on Wednesday, June 15 will receive a dividend of $0.52. This represents a dividend of $2.08 on an annualized basis and a yield of 1.99%. The ex-date of this dividend is Tuesday, June 14. GATX’s dividend payout ratio (DPR) is 41.19%.
About GATX (Get a rating)
GATX Corporation operates as a railcar rental company in the United States and internationally. The Company operates through three segments: Rail North America, Rail International and Portfolio Management. It leases tank cars and freight cars, as well as locomotives for the oil, chemical, food and transport industries.
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