GATX (GATX) Expected to Announce Earnings on Thursday

GATX (NYSE:GATX) will likely be releasing its results before the market opens on Thursday, January 22nd. Analysts expect GATX to post earnings of $2.42 per share and revenue of $443.6670 million for the quarter.

GATX (NYSE:GATX) last issued its quarterly earnings data on Tuesday, October 21st. The transportation company reported $2.10 earnings per share for the quarter, missing the consensus estimate of $2.32 by ($0.22). The business had revenue of $439.30 million during the quarter, compared to the consensus estimate of $435.21 million. GATX had a return on equity of 11.62% and a net margin of 18.35%.GATX’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned $2.43 EPS.

GATX Stock Performance

Shares of NYSE GATX opened at $178.95 on Wednesday. GATX has a 12-month low of $139.44 and a 12-month high of $180.33. The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 20.91 and a beta of 1.16. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 3.26. The firm has a 50 day moving average of $167.76 and a 200 day moving average of $164.72.

GATX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.4%. GATX’s payout ratio is presently 28.50%.

Analysts Set New Price Targets

GATX has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GATX in a report on Wednesday, October 8th. Citigroup upped their price target on GATX from $192.00 to $198.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Susquehanna lifted their price objective on GATX from $190.00 to $192.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $204.00 price objective on shares of GATX in a research note on Wednesday, January 14th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, GATX presently has a consensus rating of “Buy” and an average target price of $198.00.

Insider Activity at GATX

In other news, SVP Aken Jennifer Van sold 1,800 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $164.15, for a total value of $295,470.00. Following the completion of the transaction, the senior vice president owned 5,912 shares of the company’s stock, valued at $970,454.80. This represents a 23.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.17% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Jump Financial LLC purchased a new stake in GATX during the 3rd quarter valued at approximately $2,589,000. Capital Fund Management S.A. bought a new position in shares of GATX during the third quarter worth $2,416,000. MML Investors Services LLC grew its stake in GATX by 5.2% during the second quarter. MML Investors Services LLC now owns 11,822 shares of the transportation company’s stock valued at $1,815,000 after acquiring an additional 585 shares in the last quarter. AQR Capital Management LLC increased its holdings in GATX by 21.3% in the 1st quarter. AQR Capital Management LLC now owns 7,716 shares of the transportation company’s stock valued at $1,198,000 after acquiring an additional 1,357 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in GATX by 201.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,539 shares of the transportation company’s stock worth $697,000 after purchasing an additional 3,034 shares in the last quarter. 93.14% of the stock is owned by hedge funds and other institutional investors.

About GATX

GATX Corporation (NYSE: GATX) is a global railcar leasing and asset management company headquartered in Chicago, Illinois. Founded in 1898 as General American Transportation Corporation, GATX has grown into one of the world’s leading lessors of railcars, marine vessels and industrial assets. The company’s core business focuses on leasing and managing high-value equipment for customers in the energy, industrial, chemical, agricultural and metals markets.

In its Rail North America segment, GATX owns and manages a diverse fleet of more than 60,000 railcars, including tank cars, covered hoppers, boxcars and flatcars.