GATX Corporation (NYSE:GATX) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Tuesday, October 17th.
A number of other research firms have also issued reports on GATX. Buckingham Research started coverage on shares of GATX Corporation in a research note on Wednesday, June 21st. They issued a “neutral” rating and a $64.00 target price on the stock. Zacks Investment Research downgraded shares of GATX Corporation from a “buy” rating to a “hold” rating in a report on Monday, September 11th. Cowen and Company reissued a “hold” rating and issued a $63.00 price target on shares of GATX Corporation in a report on Monday, August 28th. Stifel Nicolaus raised shares of GATX Corporation from a “sell” rating to a “hold” rating and increased their price target for the company from $50.00 to $54.00 in a report on Monday, July 17th. Finally, Citigroup Inc. reduced their price target on shares of GATX Corporation from $73.00 to $71.00 and set a “buy” rating for the company in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $57.33.
GATX Corporation (NYSE GATX) traded up 0.07% during trading on Tuesday, reaching $60.00. The company had a trading volume of 24,814 shares. GATX Corporation has a 1-year low of $42.21 and a 1-year high of $66.30. The firm has a 50-day moving average of $61.32 and a 200-day moving average of $61.50. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 10.11 and a beta of 1.20.
GATX Corporation (NYSE:GATX) last posted its earnings results on Thursday, October 19th. The transportation company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.26. GATX Corporation had a net margin of 13.76% and a return on equity of 14.51%. The business had revenue of $259.60 million for the quarter, compared to analyst estimates of $350.04 million. During the same period last year, the business posted $1.50 EPS. GATX Corporation’s revenue was down 28.5% compared to the same quarter last year. On average, analysts anticipate that GATX Corporation will post $4.72 EPS for the current fiscal year.
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In related news, VP Jeffery R. Young sold 2,910 shares of GATX Corporation stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $58.70, for a total transaction of $170,817.00. Following the completion of the transaction, the vice president now directly owns 6,881 shares of the company’s stock, valued at approximately $403,914.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.50% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. Crossmark Global Holdings Inc. bought a new position in GATX Corporation during the 3rd quarter valued at about $233,000. Fox Run Management L.L.C. lifted its holdings in GATX Corporation by 145.8% during the 3rd quarter. Fox Run Management L.L.C. now owns 11,800 shares of the transportation company’s stock valued at $726,000 after purchasing an additional 7,000 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in GATX Corporation during the 2nd quarter valued at about $272,000. Public Employees Retirement System of Ohio lifted its holdings in GATX Corporation by 0.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 19,651 shares of the transportation company’s stock valued at $1,263,000 after purchasing an additional 107 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in GATX Corporation in the 2nd quarter valued at about $249,000.
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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