GATX (NYSE:GATX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of GATX (NYSE:GATX – Get Rating) in a research note issued to investors on Thursday morning. The brokerage issued a hold rating on the transportation company’s stock.

Several other analysts have also recently weighed in on GATX. Wells Fargo & Company boosted their price target on GATX from $120.00 to $125.00 and gave the stock an overweight rating in a report on Wednesday, January 25th. Susquehanna upped their target price on GATX from $110.00 to $115.00 and gave the company a neutral rating in a report on Wednesday, January 25th. Finally, Sidoti initiated coverage on GATX in a report on Tuesday, March 14th. They issued a buy rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $117.33.

GATX Stock Performance

NYSE:GATX opened at $101.09 on Thursday. The stock has a market cap of $3.57 billion, a P/E ratio of 23.29 and a beta of 1.05. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 3.18. The stock’s 50-day moving average is $109.75 and its 200-day moving average is $104.69. GATX has a 1-year low of $84.96 and a 1-year high of $127.58.

GATX (NYSE:GATX – Get Rating) last released its quarterly earnings results on Tuesday, January 24th. The transportation company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.16. The company had revenue of $322.70 million for the quarter, compared to analysts’ expectations of $327.63 million. GATX had a return on equity of 10.87% and a net margin of 12.25%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.69 earnings per share. Equities research analysts anticipate that GATX will post 6.71 earnings per share for the current year.

GATX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 3rd will be issued a $0.55 dividend. The ex-dividend date is Thursday, March 2nd. This is a boost from GATX’s previous quarterly dividend of $0.52. This represents a $2.20 annualized dividend and a yield of 2.18%. GATX’s dividend payout ratio is presently 50.69%.

Insider Activity at GATX

In related news, CFO Thomas A. Ellman sold 18,900 shares of the company’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $115.98, for a total value of $2,192,022.00. Following the sale, the chief financial officer now directly owns 35,361 shares in the company, valued at $4,101,168.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other GATX news, CFO Thomas A. Ellman sold 18,900 shares of the stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $115.98, for a total transaction of $2,192,022.00. Following the transaction, the chief financial officer now directly owns 35,361 shares in the company, valued at approximately $4,101,168.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeffery R. Young sold 216 shares of the stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $117.10, for a total value of $25,293.60. Following the transaction, the senior vice president now owns 6,871 shares in the company, valued at $804,594.10. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On GATX

A number of institutional investors and hedge funds have recently modified their holdings of GATX. TCI Wealth Advisors Inc. raised its position in shares of GATX by 76.2% during the third quarter. TCI Wealth Advisors Inc. now owns 569 shares of the transportation company’s stock worth $48,000 after purchasing an additional 246 shares during the period. Cutler Group LLC CA acquired a new position in shares of GATX during the third quarter worth approximately $50,000. Ellevest Inc. raised its position in shares of GATX by 114.4% during the fourth quarter. Ellevest Inc. now owns 506 shares of the transportation company’s stock worth $54,000 after purchasing an additional 270 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of GATX by 124.8% during the third quarter. Rockefeller Capital Management L.P. now owns 733 shares of the transportation company’s stock worth $62,000 after purchasing an additional 407 shares during the period. Finally, Bessemer Group Inc. raised its position in shares of GATX by 489.1% during the third quarter. Bessemer Group Inc. now owns 760 shares of the transportation company’s stock worth $65,000 after purchasing an additional 631 shares during the period. 99.10% of the stock is currently owned by institutional investors.

GATX Company Profile

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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.