GATX Corporation (GATX) Earning Somewhat Positive Press Coverage, Study Finds
Media stories about GATX Corporation (NYSE:GATX) have trended somewhat positive on Sunday, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. GATX Corporation earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave news articles about the transportation company an impact score of 46.7742554143617 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Intrexon Corp (XON) Position Maintained by Delta Asset Management LLC TN (lazeresportes.com)
- Intrexon Corp (XON) Receiving Somewhat Favorable Media Coverage, Study Shows (trikkles.com)
- Intrexon Corporation (XON) Receives $40.96 Average PT from Brokerages (badhub.net)
- Air Lease Corporation (AL) Expected to Announce Earnings of $0.88 Per Share (wpsuperfanboy.com)
- Emerald Advisers Inc. PA Lowers Position in Intrexon Corporation (XON) (campdesrecrues.com)
GATX Corporation (NYSE:GATX) traded up 1.88% on Friday, hitting $62.78. 162,524 shares of the stock were exchanged. The stock has a market cap of $2.43 billion, a PE ratio of 10.58 and a beta of 1.19. GATX Corporation has a 1-year low of $40.66 and a 1-year high of $66.30. The company’s 50 day moving average is $63.04 and its 200 day moving average is $60.47.
GATX Corporation (NYSE:GATX) last issued its earnings results on Thursday, July 20th. The transportation company reported $1.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.21. GATX Corporation had a net margin of 17.09% and a return on equity of 17.83%. The company had revenue of $348.40 million for the quarter, compared to the consensus estimate of $352.64 million. During the same quarter in the previous year, the company earned $1.49 EPS. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, equities research analysts expect that GATX Corporation will post $4.60 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, September 30th. Stockholders of record on Friday, September 15th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.68 annualized dividend and a dividend yield of 2.68%. GATX Corporation’s dividend payout ratio is presently 28.38%.
A number of research analysts have recently issued reports on GATX shares. Axiom Securities restated a “sell” rating on shares of GATX Corporation in a research report on Friday, June 16th. ValuEngine upgraded shares of GATX Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 3rd. Zacks Investment Research upgraded shares of GATX Corporation from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Friday, April 21st. Buckingham Research started coverage on shares of GATX Corporation in a research report on Wednesday, June 21st. They issued a “neutral” rating and a $64.00 price target on the stock. Finally, Cowen and Company restated a “market perform” rating and issued a $63.00 price target (up from $62.00) on shares of GATX Corporation in a research report on Sunday, April 23rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $56.14.
In other news, SVP Paul F. Titterton sold 2,843 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $61.68, for a total value of $175,356.24. Following the sale, the senior vice president now owns 12,261 shares in the company, valued at approximately $756,258.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas A. Ellman sold 2,239 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $61.52, for a total transaction of $137,743.28. Following the completion of the sale, the executive vice president now owns 30,740 shares in the company, valued at approximately $1,891,124.80. The disclosure for this sale can be found here. Insiders sold a total of 9,517 shares of company stock worth $601,618 in the last 90 days. 3.50% of the stock is owned by corporate insiders.
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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