GATX Co. (NYSE:GATX) Given Average Rating of “Moderate Buy” by Analysts

Shares of GATX Co. (NYSE:GATXGet Rating) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $110.24.

Separately, StockNews.com downgraded shares of GATX from a “buy” rating to a “hold” rating in a research report on Saturday, June 18th.

In related news, CEO Brian A. Kenney sold 21,520 shares of the business’s stock in a transaction dated Wednesday, April 6th. The stock was sold at an average price of $116.77, for a total value of $2,512,890.40. Following the completion of the sale, the chief executive officer now directly owns 19,048 shares of the company’s stock, valued at approximately $2,224,234.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian A. Kenney sold 19,263 shares of the stock in a transaction that occurred on Friday, April 8th. The stock was sold at an average price of $116.57, for a total value of $2,245,487.91. Following the completion of the transaction, the chief executive officer now owns 19,048 shares in the company, valued at approximately $2,220,425.36. The disclosure for this sale can be found here. Insiders have sold 98,969 shares of company stock valued at $11,890,873 in the last ninety days. 3.00% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its holdings in GATX by 1.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 466,706 shares of the transportation company’s stock worth $41,798,000 after purchasing an additional 7,153 shares in the last quarter. Securian Asset Management Inc. grew its holdings in GATX by 3.2% during the fourth quarter. Securian Asset Management Inc. now owns 3,199 shares of the transportation company’s stock worth $333,000 after buying an additional 100 shares in the last quarter. Gateway Investment Advisers LLC raised its position in GATX by 31.6% in the 4th quarter. Gateway Investment Advisers LLC now owns 39,473 shares of the transportation company’s stock valued at $4,113,000 after buying an additional 9,474 shares during the last quarter. Centiva Capital LP bought a new position in GATX during the 3rd quarter valued at $224,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in GATX during the 4th quarter worth $439,000. 93.76% of the stock is owned by institutional investors and hedge funds.

GATX stock opened at $94.30 on Thursday. The company has a debt-to-equity ratio of 3.05, a quick ratio of 4.76 and a current ratio of 4.76. GATX has a 52-week low of $84.50 and a 52-week high of $127.58. The company has a market capitalization of $3.36 billion, a P/E ratio of 18.67 and a beta of 0.97. The company has a fifty day moving average price of $106.13 and a 200-day moving average price of $107.92.

GATX (NYSE:GATXGet Rating) last announced its earnings results on Wednesday, April 20th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.97. GATX had a return on equity of 11.46% and a net margin of 14.38%. The business had revenue of $316.60 million during the quarter, compared to analyst estimates of $322.75 million. During the same period last year, the company earned $1.02 EPS. GATX’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, sell-side analysts forecast that GATX will post 5.83 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $2.08 annualized dividend and a dividend yield of 2.21%. GATX’s payout ratio is 41.19%.

About GATX (Get Rating)

GATX Corporation operates as railcar leasing company in the United States and internationally. The company operates through three segments: Rail North America, Rail International, and Portfolio Management. It leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.

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Analyst Recommendations for GATX (NYSE:GATX)

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