GATX Corporation (NYSE:GATX) Given “Sell” Rating at Axiom Securities
GATX has been the subject of several other reports. Zacks Investment Research upgraded GATX Corporation from a hold rating to a buy rating and set a $67.00 price target for the company in a research report on Friday, April 21st. ValuEngine upgraded GATX Corporation from a buy rating to a strong-buy rating in a research report on Saturday, June 3rd. Buckingham Research started coverage on GATX Corporation in a research report on Wednesday, June 21st. They issued a neutral rating and a $64.00 price target for the company. Citigroup Inc. reduced their price target on GATX Corporation from $73.00 to $71.00 and set a buy rating for the company in a research report on Friday, July 21st. Finally, Stifel Nicolaus upgraded GATX Corporation from a sell rating to a hold rating and lifted their price target for the company from $50.00 to $54.00 in a research report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $56.14.
Shares of GATX Corporation (GATX) opened at 61.69 on Wednesday. The company has a market capitalization of $2.41 billion, a P/E ratio of 10.40 and a beta of 1.20. GATX Corporation has a 1-year low of $40.66 and a 1-year high of $66.30. The company has a 50-day moving average price of $63.15 and a 200 day moving average price of $60.38.
GATX Corporation (NYSE:GATX) last announced its quarterly earnings results on Thursday, July 20th. The transportation company reported $1.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.21. The company had revenue of $348.40 million during the quarter, compared to analysts’ expectations of $352.64 million. GATX Corporation had a return on equity of 17.83% and a net margin of 17.09%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.49 earnings per share. Equities research analysts anticipate that GATX Corporation will post $4.60 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend was Tuesday, June 13th. GATX Corporation’s dividend payout ratio is 28.38%.
In related news, EVP Thomas A. Ellman sold 2,239 shares of GATX Corporation stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $61.52, for a total transaction of $137,743.28. Following the completion of the sale, the executive vice president now owns 30,740 shares of the company’s stock, valued at $1,891,124.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Paul F. Titterton sold 2,843 shares of GATX Corporation stock in a transaction on Monday, June 5th. The shares were sold at an average price of $61.68, for a total value of $175,356.24. Following the sale, the senior vice president now directly owns 12,261 shares of the company’s stock, valued at approximately $756,258.48. The disclosure for this sale can be found here. Insiders have sold 9,517 shares of company stock valued at $601,618 in the last three months. 3.50% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Bessemer Group Inc. raised its stake in GATX Corporation by 12.4% in the second quarter. Bessemer Group Inc. now owns 4,549 shares of the transportation company’s stock valued at $293,000 after buying an additional 501 shares in the last quarter. Bbva Compass Bancshares Inc. raised its stake in GATX Corporation by 2.0% in the second quarter. Bbva Compass Bancshares Inc. now owns 14,860 shares of the transportation company’s stock valued at $956,000 after buying an additional 293 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in GATX Corporation by 3.6% in the second quarter. Great West Life Assurance Co. Can now owns 23,057 shares of the transportation company’s stock valued at $1,481,000 after buying an additional 803 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in GATX Corporation by 1.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 12,660 shares of the transportation company’s stock valued at $814,000 after buying an additional 120 shares in the last quarter. Finally, ING Groep NV acquired a new stake in GATX Corporation during the second quarter valued at about $306,000.
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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