GATX Corporation (NYSE:GATX) was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday.

Several other equities research analysts also recently commented on GATX. Zacks Investment Research downgraded GATX Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Cowen and Company reiterated a “hold” rating and set a $63.00 target price on shares of GATX Corporation in a report on Monday, August 28th. Axiom Securities reiterated a “sell” rating on shares of GATX Corporation in a report on Wednesday, July 26th. Stifel Nicolaus upgraded GATX Corporation from a “sell” rating to a “hold” rating and raised their target price for the company from $50.00 to $54.00 in a report on Monday, July 17th. Finally, Buckingham Research assumed coverage on GATX Corporation in a report on Wednesday, June 21st. They set a “neutral” rating and a $64.00 target price on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. GATX Corporation currently has a consensus rating of “Hold” and a consensus price target of $56.14.

Shares of GATX Corporation (NYSE:GATX) traded up 2.48% during mid-day trading on Friday, reaching $62.08. 152,908 shares of the company’s stock were exchanged. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 10.47 and a beta of 1.20. The stock has a 50 day moving average price of $61.84 and a 200 day moving average price of $60.91. GATX Corporation has a 52 week low of $40.66 and a 52 week high of $66.30.

GATX Corporation (NYSE:GATX) last announced its earnings results on Thursday, July 20th. The transportation company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.11 by $0.21. The business had revenue of $348.40 million for the quarter, compared to the consensus estimate of $352.64 million. GATX Corporation had a return on equity of 17.83% and a net margin of 17.09%. The company’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the business posted $1.49 EPS. Equities research analysts predict that GATX Corporation will post $4.60 EPS for the current year.

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In other news, SVP Paul F. Titterton sold 2,843 shares of GATX Corporation stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $61.68, for a total value of $175,356.24. Following the completion of the transaction, the senior vice president now owns 12,261 shares in the company, valued at approximately $756,258.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Deborah A. Golden sold 2,429 shares of GATX Corporation stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $65.42, for a total value of $158,905.18. Following the completion of the transaction, the executive vice president now owns 39,783 shares of the company’s stock, valued at approximately $2,602,603.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,278 shares of company stock valued at $463,874. Insiders own 3.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tyers Asset Management LLC boosted its position in GATX Corporation by 10.1% during the 1st quarter. Tyers Asset Management LLC now owns 1,914 shares of the transportation company’s stock valued at $117,000 after purchasing an additional 176 shares during the period. Shine Investment Advisory Services Inc. acquired a new position in GATX Corporation during the 2nd quarter valued at approximately $118,000. IFP Advisors Inc boosted its position in GATX Corporation by 0.4% during the 1st quarter. IFP Advisors Inc now owns 2,195 shares of the transportation company’s stock valued at $134,000 after purchasing an additional 9 shares during the period. Flinton Capital Management LLC boosted its position in GATX Corporation by 10.1% during the 1st quarter. Flinton Capital Management LLC now owns 2,436 shares of the transportation company’s stock valued at $149,000 after purchasing an additional 224 shares during the period. Finally, Riverhead Capital Management LLC boosted its position in GATX Corporation by 55.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,331 shares of the transportation company’s stock valued at $150,000 after purchasing an additional 831 shares during the period.

About GATX Corporation

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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