Zacks Investment Research downgraded shares of GATX (NYSE:GATX) from a buy rating to a hold rating in a research note released on Friday.

According to Zacks, “Shares of GATX have outperformed its industry in a year's time.  Ushering in further good news, the company reported better-than-expected earnings per share in the third quarter of 2018. In fact, the company has an impressive earnings history having surpassed estimates in three of the trailing four quarters with an average beat of 26.5%. We are also impressed by the company’s efforts to reward its shareholders through share buybacks and dividend payments. In January, the company raised its quarterly dividend by 5% to 44 cents per share.  Efforts to modernize its fleet are also encouraging. However, we are concerned about the company's high debt levels. High operating expenses are concerning as well. In fact, the bottom line dipped 2.4% year over year in the third quarter of 2018 mainly due to high costs.”

A number of other analysts have also recently weighed in on GATX. Mizuho began coverage on shares of GATX in a research report on Thursday, June 28th. They set a buy rating and a $88.00 price target for the company. ValuEngine raised shares of GATX from a hold rating to a buy rating in a research report on Friday, June 29th. Stifel Nicolaus set a $78.00 price objective on shares of GATX and gave the company a hold rating in a research report on Thursday, July 19th. Finally, Buckingham Research upped their price objective on shares of GATX from $67.00 to $74.00 and gave the company a neutral rating in a research report on Friday, July 27th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $79.50.

Shares of GATX stock opened at $72.50 on Friday. The company has a debt-to-equity ratio of 2.40, a current ratio of 3.05 and a quick ratio of 2.77. GATX has a twelve month low of $56.00 and a twelve month high of $91.12. The firm has a market cap of $2.73 billion, a P/E ratio of 15.43, a price-to-earnings-growth ratio of 0.95 and a beta of 1.39.

GATX (NYSE:GATX) last announced its quarterly earnings results on Tuesday, October 23rd. The transportation company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.15. GATX had a net margin of 37.15% and a return on equity of 10.65%. The firm had revenue of $349.70 million during the quarter, compared to analysts’ expectations of $357.00 million. During the same period in the prior year, the company earned $1.25 EPS. The firm’s revenue was down 2.8% on a year-over-year basis. As a group, sell-side analysts expect that GATX will post 5.07 earnings per share for the current year.

In other GATX news, VP James M. Conniff sold 492 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $85.64, for a total value of $42,134.88. Following the completion of the transaction, the vice president now directly owns 2,200 shares of the company’s stock, valued at approximately $188,408. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP William M. Muckian sold 3,930 shares of the company’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $84.94, for a total transaction of $333,814.20. Following the completion of the transaction, the vice president now directly owns 14,560 shares of the company’s stock, valued at $1,236,726.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,668 shares of company stock valued at $3,708,000. 3.63% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of GATX by 1.4% in the 2nd quarter. BlackRock Inc. now owns 4,280,856 shares of the transportation company’s stock valued at $317,768,000 after purchasing an additional 58,854 shares in the last quarter. Northern Trust Corp raised its stake in shares of GATX by 3.5% in the 2nd quarter. Northern Trust Corp now owns 1,089,826 shares of the transportation company’s stock valued at $80,898,000 after purchasing an additional 36,450 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of GATX by 20.6% in the 2nd quarter. Janus Henderson Group PLC now owns 849,712 shares of the transportation company’s stock valued at $63,074,000 after purchasing an additional 145,019 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of GATX by 3.8% in the 1st quarter. Principal Financial Group Inc. now owns 192,356 shares of the transportation company’s stock valued at $13,175,000 after purchasing an additional 7,049 shares in the last quarter. Finally, United Services Automobile Association raised its stake in shares of GATX by 16.2% in the 2nd quarter. United Services Automobile Association now owns 168,651 shares of the transportation company’s stock valued at $12,519,000 after purchasing an additional 23,554 shares in the last quarter.

GATX Company Profile

GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets in North America and internationally. The company operates through four segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management. The Rail North America segment primarily leases railcars and locomotives.

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