GATX (NYSE:GATX) Downgraded by Sidoti to Neutral

GATX (NYSE:GATX) was downgraded by Sidoti from a “buy” rating to a “neutral” rating in a research report issued on Wednesday, MarketBeat Ratings reports. They presently have a $158.00 price target on the transportation company’s stock. Sidoti’s price target would suggest a potential downside of 0.78% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. The Goldman Sachs Group initiated coverage on shares of GATX in a research note on Monday, November 18th. They set a “buy” rating and a $185.00 target price for the company. Susquehanna increased their price objective on GATX from $122.00 to $140.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, GATX currently has a consensus rating of “Hold” and a consensus target price of $151.80.

GATX Trading Down 1.4 %

NYSE:GATX opened at $159.24 on Wednesday. The company has a market capitalization of $5.65 billion, a PE ratio of 21.29 and a beta of 0.99. GATX has a 52-week low of $110.94 and a 52-week high of $167.25. The stock’s 50 day moving average price is $145.17 and its 200 day moving average price is $139.42. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 3.41.

GATX (NYSE:GATX) last announced its earnings results on Tuesday, October 22nd. The transportation company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.54. GATX had a net margin of 17.76% and a return on equity of 11.98%. The business had revenue of $405.40 million for the quarter, compared to analyst estimates of $391.65 million. During the same period last year, the firm posted $1.44 earnings per share. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. On average, research analysts anticipate that GATX will post 7.6 EPS for the current year.

Insider Activity at GATX

In other GATX news, major shareholder Farm Mutual Automobile I. State acquired 8,984 shares of the business’s stock in a transaction on Wednesday, October 9th. The stock was purchased at an average price of $133.65 per share, for a total transaction of $1,200,711.60. Following the completion of the transaction, the insider now owns 3,312,294 shares of the company’s stock, valued at $442,688,093.10. The trade was a 0.27 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On GATX

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Natixis Advisors LLC boosted its holdings in GATX by 2.2% during the third quarter. Natixis Advisors LLC now owns 167,651 shares of the transportation company’s stock worth $22,206,000 after buying an additional 3,580 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of GATX by 6.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 347,451 shares of the transportation company’s stock worth $45,989,000 after acquiring an additional 20,985 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of GATX by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 474,729 shares of the transportation company’s stock worth $62,878,000 after acquiring an additional 17,255 shares during the period. American Century Companies Inc. increased its stake in GATX by 16.9% in the 2nd quarter. American Century Companies Inc. now owns 831,625 shares of the transportation company’s stock valued at $110,074,000 after purchasing an additional 120,149 shares in the last quarter. Finally, Seven Eight Capital LP acquired a new position in GATX during the second quarter worth $487,000. 93.14% of the stock is owned by institutional investors and hedge funds.

About GATX

GATX Corporation, together its subsidiaries, operates as railcar leasing company in the United States, Canada, Mexico, Europe, and India. It operates through three segments: Rail North America, Rail International, and Portfolio Management. The company leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.