GATX Co. (NYSE:GATX) Given Consensus Recommendation of “Buy” by Analysts

Shares of GATX Co. (NYSE:GATXGet Rating) have received a consensus recommendation of “Buy” from the eight research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $113.79.

GATX has been the topic of several recent research reports. StockNews.com initiated coverage on shares of GATX in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Wells Fargo & Company increased their price target on shares of GATX from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, January 10th. Sidoti upgraded shares of GATX from a “neutral” rating to a “buy” rating and set a $130.00 price target on the stock in a research report on Wednesday, February 2nd. Finally, Zacks Investment Research downgraded shares of GATX from a “strong-buy” rating to a “hold” rating and set a $128.00 price target on the stock. in a research report on Tuesday, April 5th.

Shares of GATX stock opened at $107.68 on Wednesday. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 21.32 and a beta of 0.90. The company’s 50 day moving average is $116.20 and its 200 day moving average is $106.52. GATX has a twelve month low of $84.50 and a twelve month high of $127.58. The company has a quick ratio of 2.36, a current ratio of 4.76 and a debt-to-equity ratio of 3.05.

GATX (NYSE:GATXGet Rating) last issued its quarterly earnings data on Wednesday, April 20th. The transportation company reported $2.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.71. The company had revenue of $316.60 million for the quarter, compared to the consensus estimate of $322.75 million. GATX had a net margin of 14.38% and a return on equity of 11.46%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.02 earnings per share. Sell-side analysts expect that GATX will post 5.78 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.93%. GATX’s dividend payout ratio (DPR) is presently 41.19%.

In related news, CFO Thomas A. Ellman sold 25,600 shares of the firm’s stock in a transaction on Thursday, February 3rd. The shares were sold at an average price of $105.37, for a total transaction of $2,697,472.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeffery R. Young sold 384 shares of the firm’s stock in a transaction on Wednesday, February 23rd. The shares were sold at an average price of $104.79, for a total transaction of $40,239.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 178,429 shares of company stock valued at $20,440,804. Corporate insiders own 3.00% of the company’s stock.

Large investors have recently modified their holdings of the business. Bank of New York Mellon Corp grew its stake in shares of GATX by 1.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 466,706 shares of the transportation company’s stock worth $41,798,000 after buying an additional 7,153 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of GATX by 25.1% in the 3rd quarter. Raymond James & Associates now owns 32,231 shares of the transportation company’s stock worth $2,887,000 after acquiring an additional 6,477 shares during the last quarter. Gateway Investment Advisers LLC lifted its holdings in shares of GATX by 31.6% in the 4th quarter. Gateway Investment Advisers LLC now owns 39,473 shares of the transportation company’s stock worth $4,113,000 after acquiring an additional 9,474 shares during the last quarter. Centiva Capital LP bought a new stake in shares of GATX in the 3rd quarter worth about $224,000. Finally, National Asset Management Inc. bought a new stake in shares of GATX in the 4th quarter worth about $237,000. 93.49% of the stock is owned by institutional investors and hedge funds.

About GATX (Get Rating)

GATX Corporation operates as railcar leasing company in the United States and internationally. The company operates through three segments: Rail North America, Rail International, and Portfolio Management. It leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.

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Analyst Recommendations for GATX (NYSE:GATX)

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