GATX Co. (NYSE:GATX) – Investment analysts at Seaport Global Securities upped their Q1 2018 earnings estimates for shares of GATX in a research note issued on Friday. Seaport Global Securities analyst W. Milby now anticipates that the transportation company will post earnings of $1.22 per share for the quarter, up from their prior estimate of $1.12. Seaport Global Securities currently has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for GATX’s Q2 2018 earnings at $1.26 EPS, Q3 2018 earnings at $1.11 EPS, Q4 2018 earnings at $1.06 EPS, FY2018 earnings at $4.64 EPS, Q1 2019 earnings at $1.19 EPS, Q2 2019 earnings at $1.23 EPS, Q3 2019 earnings at $1.32 EPS, Q4 2019 earnings at $1.27 EPS and FY2019 earnings at $5.00 EPS.
GATX has been the topic of several other research reports. BidaskClub downgraded shares of GATX from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Buckingham Research dropped their target price on shares of GATX from $64.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, October 20th. ValuEngine downgraded shares of GATX from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 6th. Cowen restated a “market perform” rating and set a $69.00 price objective (up previously from $61.00) on shares of GATX in a research report on Friday. Finally, Zacks Investment Research upgraded shares of GATX from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research report on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $58.83.
GATX (NYSE:GATX) last issued its earnings results on Thursday, January 18th. The transportation company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.04). The firm had revenue of $352.80 million during the quarter, compared to the consensus estimate of $347.90 million. GATX had a return on equity of 12.15% and a net margin of 36.46%. The company’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.14 EPS.
A number of institutional investors have recently modified their holdings of GATX. Riverhead Capital Management LLC lifted its position in GATX by 55.4% during the second 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. Advisor Group Inc. lifted its position in GATX by 15.5% during the second quarter. Advisor Group Inc. now owns 2,519 shares of the transportation company’s stock valued at $161,000 after purchasing an additional 338 shares during the period. Neuberger Berman Group LLC bought a new position in GATX during the second quarter valued at approximately $215,000. Crossmark Global Holdings Inc. bought a new position in GATX during the third quarter valued at approximately $233,000. Finally, Flinton Capital Management LLC lifted its position in GATX by 51.7% during the second quarter. Flinton Capital Management LLC now owns 3,696 shares of the transportation company’s stock valued at $237,000 after purchasing an additional 1,260 shares during the period.
The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 31st. Investors of record on Friday, December 15th were given a dividend of $0.42 per share. The ex-dividend date was Thursday, December 14th. This represents a $1.68 dividend on an annualized basis and a yield of 2.46%. GATX’s dividend payout ratio (DPR) is 13.05%.
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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