GATX Corporation (NYSE:GATX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

According to Zacks, “Shares of GATX Corporation have outperformed the Zacks categorized Transportation-Equipment & Leasing industry in the last one year on the back of its strong product portfolio and impressive earnings history. The company has outshined the Zacks Consensus Estimate for earnings in each of the last four quarters. The company is expected to perform well with respect to the bottom line in the near future as well. We are also impressed by GATX Corporation's efforts to reward investors through share buybacks and dividend payments. However, the company's struggles on the top line front bother us. Moreover, GATX Corporation is a highly leveraged company.”

GATX has been the topic of several other research reports. Axiom Securities reaffirmed a “sell” rating on shares of GATX Corporation in a research note on Friday, June 16th. ValuEngine raised GATX Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 3rd. Buckingham Research started coverage on GATX Corporation in a research note on Wednesday, June 21st. They issued a “neutral” rating and a $64.00 price target on the stock. Cowen and Company reaffirmed a “market perform” rating and issued a $63.00 price target (up previously from $62.00) on shares of GATX Corporation in a research note on Sunday, April 23rd. Finally, Stifel Nicolaus raised GATX Corporation from a “sell” rating to a “hold” rating and upped their price target for the company from $50.00 to $54.00 in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $53.33.

GATX Corporation (NYSE:GATX) traded up 2.7770% on Monday, hitting $63.5162. The stock had a trading volume of 257,917 shares. GATX Corporation has a 12 month low of $40.66 and a 12 month high of $66.30. The company has a market cap of $2.48 billion, a PE ratio of 10.4657 and a beta of 1.20. The company has a 50-day moving average of $61.68 and a 200 day moving average of $60.25.

GATX Corporation (NYSE:GATX) last announced its quarterly earnings results on Thursday, April 20th. The transportation company reported $1.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.36. GATX Corporation had a return on equity of 18.91% and a net margin of 17.52%. The business had revenue of $316.10 million for the quarter, compared to analyst estimates of $312.24 million. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. On average, analysts predict that GATX Corporation will post $4.55 EPS for the current fiscal year.

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In other GATX Corporation news, EVP Deborah A. Golden sold 2,429 shares of the company’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $65.42, for a total transaction of $158,905.18. Following the sale, the executive vice president now owns 39,783 shares in the company, valued at approximately $2,602,603.86. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Paul F. Titterton sold 2,843 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $61.68, for a total value of $175,356.24. Following the sale, the senior vice president now owns 12,261 shares in the company, valued at approximately $756,258.48. The disclosure for this sale can be found here. Insiders sold a total of 9,517 shares of company stock worth $601,618 in the last quarter. Company insiders own 3.50% of the company’s stock.

Large investors have recently modified their holdings of the company. Oregon Public Employees Retirement Fund increased its stake in shares of GATX Corporation by 4.0% in the second quarter. Oregon Public Employees Retirement Fund now owns 14,727 shares of the transportation company’s stock valued at $947,000 after buying an additional 572 shares during the period. James Investment Research Inc. increased its stake in shares of GATX Corporation by 0.8% in the second quarter. James Investment Research Inc. now owns 34,773 shares of the transportation company’s stock valued at $2,235,000 after buying an additional 265 shares during the period. Capstone Asset Management Co. increased its stake in shares of GATX Corporation by 7.0% in the second quarter. Capstone Asset Management Co. now owns 3,513 shares of the transportation company’s stock valued at $226,000 after buying an additional 230 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of GATX Corporation during the second quarter valued at $308,000. Finally, Cambria Investment Management L.P. bought a new stake in shares of GATX Corporation during the first quarter valued at $1,204,000.

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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Analyst Recommendations for GATX Corporation (NYSE:GATX)

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