GATX Corporation (GATX) Given Coverage Optimism Rating of 0.17
Media headlines about GATX Corporation (NYSE:GATX) have been trending somewhat positive on Wednesday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. GATX Corporation earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news stories about the transportation company an impact score of 45.9882843838519 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- GATX Corporation’s (GATX) “Hold” Rating Reiterated at Cowen and Company (americanbankingnews.com)
- $0.99 EPS Expected for GATX Corporation (GATX) This Quarter (americanbankingnews.com)
- GATX Corporation (GATX) Raised to Buy at Zacks Investment Research (americanbankingnews.com)
- Comparing GATX Corporation (GATX) and Fortress Transportation and Infrastructure Investors (FTAI) (americanbankingnews.com)
Several brokerages have commented on GATX. Axiom Securities reissued a “sell” rating on shares of GATX Corporation in a report on Wednesday, July 26th. Zacks Investment Research downgraded shares of GATX Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Citigroup Inc. cut their price target on shares of GATX Corporation from $73.00 to $71.00 and set a “buy” rating for the company in a report on Friday, July 21st. ValuEngine raised shares of GATX Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 3rd. Finally, Stifel Nicolaus raised shares of GATX Corporation from a “sell” rating to a “hold” rating and raised their price target for the company from $50.00 to $54.00 in a report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. GATX Corporation currently has an average rating of “Hold” and a consensus price target of $56.14.
Shares of GATX Corporation (NYSE GATX) opened at 60.63 on Wednesday. GATX Corporation has a 12-month low of $40.66 and a 12-month high of $66.30. The company has a market capitalization of $2.35 billion, a P/E ratio of 10.22 and a beta of 1.19. The stock’s 50 day moving average is $62.07 and its 200-day moving average is $60.82.
GATX Corporation (NYSE:GATX) last released its earnings results on Thursday, July 20th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.21. GATX Corporation had a net margin of 17.09% and a return on equity of 17.83%. The business had revenue of $348.40 million during the quarter, compared to analyst estimates of $352.64 million. During the same quarter in the prior year, the firm earned $1.49 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. Analysts anticipate that GATX Corporation will post $4.60 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 30th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Thursday, September 14th. GATX Corporation’s payout ratio is 28.38%.
In other news, SVP Paul F. Titterton sold 2,843 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $61.68, for a total transaction of $175,356.24. Following the completion of the sale, the senior vice president now owns 12,261 shares of the company’s stock, valued at $756,258.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Deborah A. Golden sold 1,368 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $64.46, for a total transaction of $88,181.28. Following the sale, the executive vice president now directly owns 37,083 shares of the company’s stock, valued at approximately $2,390,370.18. The disclosure for this sale can be found here. Insiders have sold 7,278 shares of company stock valued at $463,874 in the last ninety days. Insiders own 3.50% of the company’s stock.
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GATX Corporation Company Profile
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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