GATX (NYSE:GATX) Lifted to “B” at TheStreet

TheStreet upgraded shares of GATX (NYSE:GATX) from a c+ rating to a b rating in a research report released on Thursday morning, TheStreetRatingsTable reports.

Several other research analysts also recently issued reports on GATX. Wells Fargo & Company raised their price objective on shares of GATX from $103.00 to $110.00 and gave the stock an overweight rating in a research report on Wednesday. Susquehanna Bancshares upgraded shares of GATX from a neutral rating to a positive rating and set a $89.97 price objective for the company in a research note on Monday, July 26th. Cowen upgraded shares of GATX from a market perform rating to an outperform rating and set a $101.00 price objective for the company in a research note on Friday, July 16th. Finally, Susquehanna upgraded shares of GATX from a neutral rating to a positive rating in a research report on Monday, July 26th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Buy and a consensus price target of $98.49.

GATX stock opened at $93.75 on Thursday. The firm has a market cap of $3.33 billion, a PE ratio of 31.04 and a beta of 0.97. GATX has a 52-week low of $65.00 and a 52-week high of $106.31. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 2.97. The company’s 50 day moving average is $90.21 and its two-hundred day moving average is $92.68.

GATX (NYSE:GATX) last announced its quarterly earnings data on Wednesday, October 20th. The transportation company reported $1.11 EPS for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.04. The company had revenue of $313.50 million for the quarter, compared to the consensus estimate of $319.15 million. GATX had a net margin of 8.74% and a return on equity of 7.13%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 EPS. On average, equities research analysts anticipate that GATX will post 4.4 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 30th. Investors of record on Wednesday, September 15th were issued a $0.50 dividend. The ex-dividend date was Tuesday, September 14th. This represents a $2.00 annualized dividend and a yield of 2.13%. GATX’s dividend payout ratio is presently 43.57%.

In other GATX news, EVP Robert C. Lyons sold 1,967 shares of the business’s stock in a transaction on Thursday, August 12th. The shares were sold at an average price of $94.11, for a total transaction of $185,114.37. Following the completion of the sale, the executive vice president now owns 44,710 shares in the company, valued at $4,207,658.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 7.30% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the business. Millennium Management LLC increased its holdings in GATX by 268.5% in the second quarter. Millennium Management LLC now owns 194,590 shares of the transportation company’s stock worth $17,215,000 after buying an additional 141,785 shares during the last quarter. Earnest Partners LLC grew its holdings in GATX by 5.1% during the first quarter. Earnest Partners LLC now owns 2,483,388 shares of the transportation company’s stock valued at $230,309,000 after purchasing an additional 120,070 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of GATX by 35.6% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 424,980 shares of the transportation company’s stock valued at $37,598,000 after acquiring an additional 111,580 shares during the period. Vanguard Group Inc. boosted its position in shares of GATX by 2.8% in the second quarter. Vanguard Group Inc. now owns 3,625,880 shares of the transportation company’s stock valued at $320,782,000 after acquiring an additional 99,799 shares during the period. Finally, Scopus Asset Management L.P. lifted its position in GATX by 90.9% in the first quarter. Scopus Asset Management L.P. now owns 186,291 shares of the transportation company’s stock worth $17,277,000 after purchasing an additional 88,715 shares during the period.

About GATX

GATX Corp. engages in leasing and owning railcar and fleets in North America, Europe and Asia. It operates through the following segments: Rail North America, Rail International and Portfolio Management. The Rail North America segment provides railcars pursuant to full-service leases under which it maintains the railcars and provides other ancillary services.

See Also: Outperform Rating

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