GATX Corporation (GATX) Given Consensus Recommendation of “Hold” by Brokerages
Shares of GATX Corporation (NYSE:GATX) have received a consensus rating of “Hold” from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $62.75.
Several equities analysts have issued reports on the stock. Stifel Nicolaus restated a “hold” rating and issued a $56.00 price objective on shares of GATX Corporation in a research note on Tuesday, October 17th. BidaskClub upgraded shares of GATX Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. Axiom Securities restated a “sell” rating on shares of GATX Corporation in a research note on Wednesday, July 26th. Zacks Investment Research downgraded shares of GATX Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Finally, ValuEngine upgraded shares of GATX Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st.
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GATX Corporation (NYSE:GATX) last released its quarterly earnings data on Thursday, October 19th. The transportation company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.26. GATX Corporation had a net margin of 13.76% and a return on equity of 14.51%. The company had revenue of $259.60 million during the quarter, compared to the consensus estimate of $350.04 million. During the same quarter in the prior year, the firm posted $1.50 earnings per share. GATX Corporation’s revenue for the quarter was down 28.5% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 31st. Stockholders of record on Friday, December 15th will be issued a $0.42 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.83%. GATX Corporation’s payout ratio is 34.93%.
In other news, VP Jeffery R. Young sold 2,910 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $58.70, for a total value of $170,817.00. Following the completion of the sale, the vice president now directly owns 6,881 shares of the company’s stock, valued at $403,914.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.50% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in GATX Corporation by 0.5% during the second quarter. Vanguard Group Inc. now owns 4,928,720 shares of the transportation company’s stock worth $316,768,000 after purchasing an additional 22,954 shares in the last quarter. BlackRock Inc. raised its holdings in GATX Corporation by 14,968.9% during the first quarter. BlackRock Inc. now owns 4,203,323 shares of the transportation company’s stock worth $256,234,000 after purchasing an additional 4,175,429 shares in the last quarter. State Street Corp raised its holdings in GATX Corporation by 4.5% during the second quarter. State Street Corp now owns 1,392,167 shares of the transportation company’s stock worth $89,470,000 after purchasing an additional 59,729 shares in the last quarter. Northern Trust Corp raised its holdings in GATX Corporation by 4.3% during the second quarter. Northern Trust Corp now owns 1,085,985 shares of the transportation company’s stock worth $69,796,000 after purchasing an additional 45,088 shares in the last quarter. Finally, LSV Asset Management raised its holdings in GATX Corporation by 48.5% during the second quarter. LSV Asset Management now owns 398,136 shares of the transportation company’s stock worth $25,588,000 after purchasing an additional 130,034 shares in 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.
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