GATX Co. (NYSE:GATX) Receives $110.24 Consensus Price Target from Brokerages

GATX Co. (NYSE:GATXGet Rating) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $110.24.

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

In other GATX news, CEO Brian A. Kenney sold 36,223 shares of GATX stock in a transaction that occurred on Thursday, March 31st. The stock was sold at an average price of $123.97, for a total transaction of $4,490,565.31. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 directly owns 19,048 shares of the company’s stock, valued at approximately $2,220,425.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 98,969 shares of company stock worth $11,890,873. 3.00% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of GATX. Herold Advisors Inc. bought a new stake in GATX during the 1st quarter valued at about $25,000. Prospera Financial Services Inc purchased a new position in GATX in the 1st quarter worth approximately $29,000. Rockefeller Capital Management L.P. lifted its position in GATX by 143.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 367 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 216 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of GATX in the 1st quarter worth $38,000. Finally, Quadrant Capital Group LLC raised its stake in shares of GATX by 37.9% in the fourth quarter. Quadrant Capital Group LLC now owns 404 shares of the transportation company’s stock worth $42,000 after purchasing an additional 111 shares during the last quarter. Institutional investors and hedge funds own 93.76% of the company’s stock.

GATX opened at $94.30 on Thursday. The stock 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 current ratio of 4.76, a quick ratio of 4.76 and a debt-to-equity ratio of 3.05. GATX has a 12-month low of $84.50 and a 12-month high of $127.58. The stock has a 50-day moving average price of $106.13 and a 200-day moving average price of $107.92.

GATX (NYSE:GATXGet Rating) last issued 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. The business had revenue of $316.60 million during the quarter, compared to analyst estimates of $322.75 million. GATX had a return on equity of 11.46% and a net margin of 14.38%. GATX’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.02 earnings per share. On average, equities research analysts predict that GATX will post 5.83 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Tuesday, June 14th. GATX’s dividend payout ratio (DPR) is presently 41.19%.

GATX Company Profile (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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