GATX Co. (NASDAQ:GATX) announced its quarterly earnings results on Thursday. The company reported $1.14 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.09. The company earned $362.10 million during the quarter, compared to analysts’ expectations of $355.71 million. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. GATX updated its FY17 guidance to $126.96.36.199 EPS.
GATX (NASDAQ:GATX) opened at 59.12 on Friday. The stock has a market capitalization of $2.36 billion and a PE ratio of 8.64. The stock’s 50 day moving average price is $60.33 and its 200 day moving average price is $48.85. GATX has a 1-year low of $34.78 and a 1-year high of $64.46.
The firm also recently announced a quarterly dividend, which was paid on Saturday, December 31st. Stockholders of record on Thursday, December 15th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, December 13th. This represents a $1.60 annualized dividend and a dividend yield of 2.71%.
A number of equities analysts have commented on the company. Axiom Securities reaffirmed a “sell” rating on shares of GATX in a research note on Tuesday, December 27th. Zacks Investment Research cut GATX from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 24th. Sidoti cut GATX from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 14th. TheStreet cut GATX from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th. Finally, Stifel Nicolaus cut GATX from a “hold” rating to a “sell” rating and set a $49.00 price target on the stock. in a research note on Thursday, January 12th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $49.33.
In related news, EVP James F. Earl sold 4,299 shares of the stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $50.70, for a total transaction of $217,959.30. Following the completion of the transaction, the executive vice president now directly owns 107,445 shares of the company’s stock, valued at $5,447,461.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP James M. Conniff sold 671 shares of the stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $46.48, for a total value of $31,188.08. Following the transaction, the vice president now directly owns 890 shares of the company’s stock, valued at $41,367.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,382 shares of company stock valued at $1,212,965.
GATX Company Profile
GATX Corporation is a railcar lessor, owning fleets in North America, Europe and Asia. The Company operates through four segments: Rail North America, Rail International, American Steamship Company (ASC) and Portfolio Management. Rail North America provides railcars pursuant to full-service leases under which it maintains the railcars, pays ad valorem taxes and insurance, and provides other ancillary services.