GATX (NYSE:GATX) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of GATX (NYSE:GATXGet Rating) from a hold rating to a buy rating in a report published on Monday morning.

Other equities analysts have also issued reports about the stock. Zacks Investment Research lowered shares of GATX from a strong-buy rating to a hold rating and set a $128.00 target price on the stock. in a research report on Tuesday, April 5th. Sidoti upgraded shares of GATX from a neutral rating to a buy rating and set a $130.00 target price on the stock in a research report on Wednesday, February 2nd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Buy and a consensus price target of $113.79.

NYSE:GATX opened at $110.45 on Monday. The firm has a market cap of $3.93 billion, a PE ratio of 21.87 and a beta of 0.97. GATX has a 12 month low of $84.50 and a 12 month high of $127.58. The company has a quick ratio of 4.76, a current ratio of 4.76 and a debt-to-equity ratio of 3.05. The company’s 50-day moving average price is $115.67 and its two-hundred day moving average price is $107.73.

GATX (NYSE:GATXGet Rating) last announced its earnings results on Wednesday, April 20th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.97. GATX had a net margin of 14.38% and a return on equity of 11.46%. The company had revenue of $316.60 million for the quarter, compared to analyst estimates of $322.75 million. During the same period in the prior year, the business earned $1.02 earnings per share. GATX’s quarterly revenue was up 3.5% on a year-over-year basis. On average, research analysts expect that GATX will post 5.78 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $2.08 annualized dividend and a yield of 1.88%. GATX’s dividend payout ratio is currently 41.19%.

In other GATX news, CEO Brian A. Kenney sold 36,223 shares of the company’s stock in a transaction that occurred on Thursday, March 31st. The shares were sold at an average price of $123.97, for a total value of $4,490,565.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian A. Kenney sold 21,963 shares of the company’s stock in a transaction that occurred on Monday, April 4th. The shares were sold at an average price of $120.29, for a total transaction of $2,641,929.27. Following the completion of the sale, the chief executive officer now directly owns 87,809 shares of the company’s stock, valued at approximately $10,562,544.61. The disclosure for this sale can be found here. Insiders sold 130,031 shares of company stock worth $15,366,209 over the last 90 days. 3.00% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the business. Arizona State Retirement System increased its stake in GATX by 1.1% in the third quarter. Arizona State Retirement System now owns 9,161 shares of the transportation company’s stock valued at $820,000 after purchasing an additional 97 shares in the last quarter. State of Michigan Retirement System increased its stake in GATX by 1.1% in the fourth quarter. State of Michigan Retirement System now owns 9,020 shares of the transportation company’s stock valued at $940,000 after purchasing an additional 100 shares in the last quarter. Securian Asset Management Inc. increased its stake in GATX by 3.2% in the fourth quarter. Securian Asset Management Inc. now owns 3,199 shares of the transportation company’s stock valued at $333,000 after purchasing an additional 100 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in GATX by 3.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 2,930 shares of the transportation company’s stock valued at $305,000 after purchasing an additional 110 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in GATX by 37.9% in the fourth quarter. Quadrant Capital Group LLC now owns 404 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 111 shares in the last quarter. 93.76% of the stock is owned by hedge funds and other institutional investors.

GATX Company Profile (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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