GATX Co. (GATX) Given Consensus Rating of “Buy” by Analysts

GATX Co. (NYSE:GATX) has earned a consensus rating of “Buy” from the six brokerages that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $83.00.

A number of research analysts have recently weighed in on the company. Zacks Investment Research downgraded GATX from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Wells Fargo & Co set a $90.00 price objective on GATX and gave the company an “outperform” rating in a research report on Wednesday, January 23rd.

In related news, SVP Jeffery R. Young sold 2,223 shares of GATX stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $77.48, for a total transaction of $172,238.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeffery R. Young sold 1,273 shares of GATX stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $75.89, for a total value of $96,607.97. Following the sale, the senior vice president now directly owns 5,627 shares of the company’s stock, valued at approximately $427,033.03. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,022 shares of company stock valued at $385,753. Insiders own 3.63% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in GATX by 2.1% during the fourth quarter. BlackRock Inc. now owns 4,370,637 shares of the transportation company’s stock valued at $309,484,000 after purchasing an additional 89,986 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of GATX by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,117,019 shares of the transportation company’s stock worth $220,718,000 after buying an additional 25,945 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of GATX by 4.6% in the third quarter. Bank of New York Mellon Corp now owns 919,283 shares of the transportation company’s stock worth $79,601,000 after buying an additional 40,008 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of GATX by 4.7% in the third quarter. Janus Henderson Group PLC now owns 889,854 shares of the transportation company’s stock worth $77,052,000 after buying an additional 40,142 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of GATX by 30.8% in the third quarter. Clearbridge Investments LLC now owns 644,334 shares of the transportation company’s stock worth $55,793,000 after buying an additional 151,880 shares during the last quarter.

Shares of GATX stock opened at $75.30 on Friday. GATX has a 1-year low of $63.98 and a 1-year high of $91.12. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.55. The firm has a market cap of $2.76 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 1.01 and a beta of 1.52.

GATX (NYSE:GATX) last issued its quarterly earnings results on Tuesday, January 22nd. The transportation company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.10. GATX had a return on equity of 10.97% and a net margin of 15.53%. The business had revenue of $356.40 million for the quarter, compared to the consensus estimate of $348.64 million. During the same quarter in the previous year, the company posted $8.83 earnings per share. GATX’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities research analysts anticipate that GATX will post 5 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, March 31st. Investors of record on Monday, March 4th will be given a dividend of $0.46 per share. This is a boost from GATX’s previous quarterly dividend of $0.44. The ex-dividend date is Friday, March 1st. This represents a $1.84 dividend on an annualized basis and a yield of 2.44%. GATX’s dividend payout ratio (DPR) is presently 35.25%.

GATX Company Profile

GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets in North America and internationally. The company operates through four segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management. The Rail North America segment primarily leases railcars and locomotives.

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