GATX (NYSE:GATX) Receives New Coverage from Analysts at StockNews.com

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

Other equities research analysts have also issued reports about the company. Wells Fargo & Company raised their target price on GATX from $120.00 to $125.00 and gave the company an overweight rating in a research report on Wednesday, January 25th. Sidoti started coverage on GATX in a research report on Tuesday, March 14th. They set a buy rating for the company. Finally, Susquehanna increased their price target on GATX from $110.00 to $115.00 and gave the stock a neutral rating in a research note on Wednesday, January 25th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $117.33.

GATX Trading Down 3.1 %

Shares of GATX stock opened at $101.09 on Thursday. GATX has a 1 year low of $84.96 and a 1 year high of $127.58. The firm has a market cap of $3.57 billion, a PE ratio of 23.29 and a beta of 1.05. The stock has a fifty day moving average price of $109.75 and a 200-day moving average price of $104.69. The company has a debt-to-equity ratio of 3.18, a current ratio of 3.04 and a quick ratio of 3.04.

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

GATX Increases Dividend

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

Insider Transactions at GATX

In other news, SVP Jeffery R. Young sold 216 shares of the stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $117.10, for a total transaction of $25,293.60. Following the completion of the transaction, the senior vice president now owns 6,871 shares in the company, valued at approximately $804,594.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other GATX news, SVP Jeffery R. Young sold 216 shares of the firm’s stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $117.10, for a total value of $25,293.60. Following the completion of the transaction, the senior vice president now owns 6,871 shares in the company, valued at approximately $804,594.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Thomas A. Ellman sold 18,900 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 35,361 shares of the company’s stock, valued at approximately $4,101,168.78. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GATX. Truist Financial Corp raised its holdings in shares of GATX by 4.2% in the 4th quarter. Truist Financial Corp now owns 10,238 shares of the transportation company’s stock valued at $1,089,000 after acquiring an additional 417 shares in the last quarter. Metropolitan Life Insurance Co NY raised its holdings in shares of GATX by 4.8% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 2,181 shares of the transportation company’s stock valued at $232,000 after acquiring an additional 100 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of GATX in the 4th quarter valued at about $679,000. Mackenzie Financial Corp raised its holdings in shares of GATX by 49.9% in the 4th quarter. Mackenzie Financial Corp now owns 3,776 shares of the transportation company’s stock valued at $402,000 after acquiring an additional 1,257 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of GATX by 17.6% in the 4th quarter. Morgan Stanley now owns 277,021 shares of the transportation company’s stock valued at $29,459,000 after acquiring an additional 41,490 shares in the last quarter. Institutional investors own 99.10% of the company’s stock.

About GATX

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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.