GATX (NYSE:GATX) Earns Buy Rating from Analysts at Sidoti

Sidoti began coverage on shares of GATX (NYSE:GATX – Get Rating) in a report released on Tuesday, The Fly reports. The firm set a “buy” rating on the transportation company’s stock.

Several other analysts also recently commented on the stock. Susquehanna raised their price objective on shares of GATX from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, January 25th. Wells Fargo & Company boosted their price objective on GATX from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, January 25th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $117.33.

GATX Stock Performance

Shares of GATX stock traded up $3.18 during mid-day trading on Tuesday, reaching $104.27. 246,777 shares of the company’s stock traded hands, compared to its average volume of 149,228. GATX has a 12 month low of $84.96 and a 12 month high of $127.58. The firm has a 50 day moving average price of $109.75 and a two-hundred day moving average price of $104.74. The firm has a market capitalization of $3.68 billion, a PE ratio of 23.29 and a beta of 1.05. The company has a debt-to-equity ratio of 3.18, a quick ratio of 3.04 and a current ratio of 3.04.

GATX (NYSE:GATX – Get Rating) last posted its quarterly earnings data on Tuesday, January 24th. The transportation company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.38 by $0.16. The firm had revenue of $322.70 million for the quarter, compared to the consensus estimate of $327.63 million. GATX had a return on equity of 10.87% and a net margin of 12.25%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $1.69 earnings per share. On average, research analysts forecast that GATX will post 6.71 EPS for the current year.

Insider Activity

In other GATX news, CFO Thomas A. Ellman sold 18,900 shares of the firm’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $115.98, for a total transaction of $2,192,022.00. Following the completion of the transaction, the chief financial officer now owns 35,361 shares in the company, valued at approximately $4,101,168.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Jeffery R. Young sold 216 shares of the stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $117.10, for a total transaction of $25,293.60. Following the sale, the senior vice president now owns 6,871 shares in the company, valued at approximately $804,594.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Thomas A. Ellman sold 18,900 shares of GATX stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $115.98, for a total transaction of $2,192,022.00. Following the transaction, the chief financial officer now directly owns 35,361 shares of the company’s stock, valued at $4,101,168.78. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On GATX

Several institutional investors have recently made changes to their positions in the company. TCI Wealth Advisors Inc. boosted its holdings in GATX by 76.2% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 569 shares of the transportation company’s stock valued at $48,000 after acquiring an additional 246 shares during the period. Cutler Group LLC CA purchased a new stake in shares of GATX during the third quarter valued at $50,000. Ellevest Inc. grew its holdings in shares of GATX by 114.4% in the fourth quarter. Ellevest Inc. now owns 506 shares of the transportation company’s stock worth $54,000 after purchasing an additional 270 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in GATX by 124.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 733 shares of the transportation company’s stock worth $62,000 after buying an additional 407 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in GATX by 489.1% during the 3rd quarter. Bessemer Group Inc. now owns 760 shares of the transportation company’s stock valued at $65,000 after buying an additional 631 shares in the last quarter. Institutional investors own 99.10% of the company’s stock.

About GATX

(Get Rating)

GATX Corp. engages in leasing and owning railcar and fleets in North America, Europe and Asia. It operates through the following segments: Rail North America, Rail International, and Portfolio Management. The Rail North America segment provides railcars pursuant to full-service leases under which it maintains the railcars and provides other ancillary services.