Stifel Nicolaus reiterated their hold rating on shares of GATX Corporation (NYSE:GATX) in a report released on Tuesday, October 17th. Stifel Nicolaus currently has a $56.00 target price on the transportation company’s stock.
Other analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of GATX Corporation from a hold rating to a buy rating and set a $69.00 target price on the stock in a report on Monday, July 24th. Citigroup Inc. dropped their target price on shares of GATX Corporation from $73.00 to $71.00 and set a buy rating on the stock in a report on Friday, July 21st. Buckingham Research assumed coverage on shares of GATX Corporation in a report on Wednesday, June 21st. They issued a neutral rating and a $64.00 price objective on the stock. ValuEngine raised shares of GATX Corporation from a buy rating to a strong-buy rating in a report on Friday, September 1st. Finally, Axiom Securities reaffirmed a sell rating on shares of GATX Corporation in a report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Hold and a consensus target price of $57.33.
Shares of GATX Corporation (GATX) traded up $0.04 on Tuesday, reaching $58.75. 53,959 shares of the company’s stock were exchanged, compared to its average volume of 313,139. The firm has a market capitalization of $2,248.59, a PE ratio of 11.40, a P/E/G ratio of 0.84 and a beta of 1.19. GATX Corporation has a one year low of $43.16 and a one year high of $66.30. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 2.92.
GATX Corporation (NYSE:GATX) last issued its earnings results on Thursday, October 19th. The transportation company reported $1.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.26. The company had revenue of $259.60 million for the quarter, compared to analysts’ expectations of $350.04 million. GATX Corporation had a net margin of 13.76% and a return on equity of 14.51%. The firm’s revenue was down 28.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.50 earnings per share. research analysts predict that GATX Corporation will post 4.66 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 31st. Investors of record on Friday, December 15th will be issued a $0.42 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.86%. GATX Corporation’s dividend payout ratio (DPR) is presently 34.93%.
In related news, VP Jeffery R. Young sold 2,910 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $58.70, for a total value of $170,817.00. Following the completion of the transaction, the vice president now owns 6,881 shares in the company, valued at approximately $403,914.70. The sale 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.
A number of institutional investors and hedge funds have recently made changes to their positions in GATX. Shine Investment Advisory Services Inc. bought a new position in GATX Corporation in the 2nd quarter valued at about $118,000. IFP Advisors Inc grew its position in GATX Corporation by 2.9% in the 2nd quarter. IFP Advisors Inc now owns 2,259 shares of the transportation company’s stock valued at $145,000 after buying an additional 64 shares in the last quarter. Riverhead Capital Management LLC grew its position in GATX Corporation by 55.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,331 shares of the transportation company’s stock valued at $150,000 after buying an additional 831 shares in the last quarter. Advisor Group Inc. grew its position in GATX Corporation by 15.5% in the 2nd quarter. Advisor Group Inc. now owns 2,519 shares of the transportation company’s stock valued at $161,000 after buying an additional 338 shares in the last quarter. Finally, LS Investment Advisors LLC grew its position in GATX Corporation by 17.6% in the 2nd quarter. LS Investment Advisors LLC now owns 3,133 shares of the transportation company’s stock valued at $201,000 after buying an additional 469 shares in the last quarter.
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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