GATX Corporation (GATX) Stock Rating Upgraded by BidaskClub
GATX Corporation (NYSE:GATX) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Tuesday.
Several other analysts have also issued reports on the company. Zacks Investment Research lowered GATX Corporation from a “buy” rating to a “hold” rating in a report on Monday, September 4th. Citigroup Inc. dropped their target price on GATX Corporation from $73.00 to $71.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Stifel Nicolaus upgraded GATX Corporation from a “sell” rating to a “hold” rating and upped their target price for the stock from $50.00 to $54.00 in a report on Monday, July 17th. Buckingham Research initiated coverage on GATX Corporation in a report on Wednesday, June 21st. They set a “neutral” rating and a $64.00 target price on the stock. Finally, Cowen and Company reiterated a “hold” rating and set a $63.00 target price on shares of GATX Corporation in a report on Monday, August 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $57.83.
GATX Corporation (NYSE:GATX) opened at 63.95 on Tuesday. GATX Corporation has a 12 month low of $42.21 and a 12 month high of $66.30. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 10.78 and a beta of 1.20. The firm has a 50-day moving average price of $61.12 and a 200 day moving average price of $61.46.
GATX Corporation (NYSE:GATX) last released its earnings results on Thursday, July 20th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.21. GATX Corporation had a return on equity of 17.83% and a net margin of 17.09%. The business had revenue of $348.40 million for the quarter, compared to analyst estimates of $352.64 million. During the same quarter in the prior year, the company posted $1.49 earnings per share. GATX Corporation’s revenue was down 2.9% on a year-over-year basis. On average, equities analysts forecast that GATX Corporation will post $4.60 EPS for the current year.
In other GATX Corporation news, VP Jeffery R. Young sold 2,910 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $58.70, for a total transaction of $170,817.00. Following the transaction, the vice president now owns 6,881 shares of the company’s stock, valued at $403,914.70. The sale was disclosed in a document filed with the SEC, which is available through this link. 3.50% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in GATX Corporation by 0.5% during the second quarter. Vanguard Group Inc. now owns 4,928,720 shares of the transportation company’s stock worth $316,768,000 after buying an additional 22,954 shares during the last quarter. BlackRock Inc. increased its position in GATX Corporation by 14,968.9% during the first quarter. BlackRock Inc. now owns 4,203,323 shares of the transportation company’s stock worth $256,234,000 after buying an additional 4,175,429 shares during the last quarter. State Street Corp increased its position in GATX Corporation by 4.5% during the second quarter. State Street Corp now owns 1,392,167 shares of the transportation company’s stock worth $89,470,000 after buying an additional 59,729 shares during the last quarter. Northern Trust Corp increased its position in GATX Corporation by 4.3% during the second quarter. Northern Trust Corp now owns 1,085,985 shares of the transportation company’s stock worth $69,796,000 after buying an additional 45,088 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in GATX Corporation by 35.2% during the first quarter. AQR Capital Management LLC now owns 518,271 shares of the transportation company’s stock worth $31,594,000 after buying an additional 135,041 shares during the last quarter.
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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