GATX (GATX) Price Target Raised to $65.00

GATX (NYSE:GATX) had its price target upped by Stifel Nicolaus from $60.00 to $65.00 in a research note issued to investors on Wednesday. Stifel Nicolaus currently has a hold rating on the transportation company’s stock.

A number of other research analysts have also recently issued reports on the company. Zacks Investment Research cut GATX from a buy rating to a hold rating in a research note on Monday, March 26th. ValuEngine upgraded GATX from a buy rating to a strong-buy rating in a research note on Thursday, March 1st. Citigroup lifted their price objective on GATX from $71.00 to $78.00 and gave the company a buy rating in a research note on Wednesday, January 24th. Cowen reiterated a market perform rating and set a $69.00 price objective (up previously from $61.00) on shares of GATX in a research note on Friday, January 19th. Finally, Seaport Global Securities assumed coverage on GATX in a research note on Thursday, January 4th. They set a neutral rating for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $70.20.

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NYSE:GATX opened at $68.49 on Wednesday. The company has a market capitalization of $2,602.62, a PE ratio of 14.60, a PEG ratio of 1.00 and a beta of 1.23. The company has a debt-to-equity ratio of 2.45, a current ratio of 3.32 and a quick ratio of 3.32. GATX has a 52 week low of $56.00 and a 52 week high of $73.25.

GATX (NYSE:GATX) last released its earnings results on Thursday, January 18th. The transportation company reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.04). The firm had revenue of $352.80 million during the quarter, compared to analysts’ expectations of $347.90 million. GATX had a net margin of 36.46% and a return on equity of 12.15%. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.14 EPS. research analysts expect that GATX will post 4.57 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 31st. Shareholders of record on Monday, March 5th will be paid a dividend of $0.44 per share. This is a boost from GATX’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $1.76 dividend on an annualized basis and a yield of 2.57%. GATX’s payout ratio is presently 37.45%.

In other news, VP Eric D. Harkness sold 2,550 shares of the business’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $70.48, for a total value of $179,724.00. Following the completion of the transaction, the vice president now owns 5,121 shares in the company, valued at $360,928.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Brian A. Kenney sold 20,112 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $71.24, for a total value of $1,432,778.88. The disclosure for this sale can be found here. Insiders have sold 48,578 shares of company stock valued at $3,452,793 in the last quarter. 3.63% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of GATX by 1.7% in the fourth quarter. BlackRock Inc. now owns 4,163,530 shares of the transportation company’s stock worth $258,805,000 after purchasing an additional 69,597 shares during the last quarter. Gabelli Funds LLC raised its stake in shares of GATX by 0.4% in the fourth quarter. Gabelli Funds LLC now owns 1,682,600 shares of the transportation company’s stock worth $104,590,000 after purchasing an additional 7,000 shares during the last quarter. LSV Asset Management grew its holdings in shares of GATX by 9.5% in the fourth quarter. LSV Asset Management now owns 592,109 shares of the transportation company’s stock worth $36,805,000 after acquiring an additional 51,273 shares during the period. Wells Fargo & Company MN grew its holdings in shares of GATX by 1.0% in the fourth quarter. Wells Fargo & Company MN now owns 588,875 shares of the transportation company’s stock worth $36,604,000 after acquiring an additional 5,611 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of GATX by 5.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 335,637 shares of the transportation company’s stock worth $20,864,000 after acquiring an additional 16,924 shares during the period.

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GATX 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.

Analyst Recommendations for GATX (NYSE:GATX)

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