GATX Corporation (NYSE:GATX) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Saturday.

A number of other research firms have also commented on GATX. Buckingham Research started coverage on shares of GATX Corporation in a research report on Wednesday, June 21st. They issued a “neutral” rating and a $64.00 price objective for the company. Zacks Investment Research upgraded shares of GATX Corporation from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research report on Monday, July 24th. Cowen and Company restated a “hold” rating and issued a $63.00 price objective on shares of GATX Corporation in a research report on Monday, August 28th. Stifel Nicolaus upgraded shares of GATX Corporation from a “sell” rating to a “hold” rating and raised their price objective for the company from $50.00 to $54.00 in a research report on Monday, July 17th. Finally, ValuEngine upgraded shares of GATX Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 3rd. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $56.00.

GATX Corporation (NYSE:GATX) traded down 1.08% on Friday, hitting $58.38. 337,992 shares of the stock traded hands. The stock has a 50 day moving average of $61.49 and a 200 day moving average of $60.93. GATX Corporation has a 52 week low of $40.66 and a 52 week high of $66.30. The firm has a market capitalization of $2.26 billion, a PE ratio of 9.84 and a beta of 1.20.

GATX Corporation (NYSE:GATX) last posted its quarterly earnings data on Thursday, July 20th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $352.64 million. During the same quarter last year, the company posted $1.49 earnings per share. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. Equities research analysts anticipate that GATX Corporation will post $4.60 earnings per share for the current year.

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In other GATX Corporation news, VP James M. Conniff sold 638 shares of GATX Corporation stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $64.94, for a total transaction of $41,431.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 shares were 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 of the company’s stock, valued at $2,602,603.86. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,435 shares of company stock valued at $288,518. 3.50% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the business. Fox Run Management L.L.C. bought a new stake in GATX Corporation during the second quarter valued at approximately $308,000. PNC Financial Services Group Inc. lifted its position in GATX Corporation by 6.3% during the first quarter. PNC Financial Services Group Inc. now owns 6,607 shares of the transportation company’s stock valued at $401,000 after purchasing an additional 392 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in GATX Corporation by 8.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 298,994 shares of the transportation company’s stock valued at $18,227,000 after purchasing an additional 24,109 shares during the last quarter. Laurion Capital Management LP bought a new stake in GATX Corporation during the first quarter valued at approximately $353,000. Finally, Bessemer Group Inc. lifted its position in GATX Corporation by 12.4% during the second quarter. Bessemer Group Inc. now owns 4,549 shares of the transportation company’s stock valued at $293,000 after purchasing an additional 501 shares during the last quarter.

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.

Analyst Recommendations for GATX Corporation (NYSE:GATX)

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