GATX (NYSE:GATX) Sets New 52-Week High at $106.94

GATX Co. (NYSE:GATX)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $106.94 and last traded at $106.94, with a volume of 994 shares trading hands. The stock had previously closed at $104.42.

A number of research analysts have issued reports on GATX shares. Wells Fargo & Company upped their price objective on GATX from $103.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, October 20th. TheStreet upgraded GATX from a “c+” rating to a “b” rating in a research note on Thursday, October 21st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $98.49.

The company has a debt-to-equity ratio of 3.06, a quick ratio of 4.31 and a current ratio of 4.31. The company has a market cap of $3.70 billion, a P/E ratio of 37.51 and a beta of 0.96. The firm has a 50 day moving average price of $95.72 and a two-hundred day moving average price of $93.43.

GATX (NYSE:GATX) last posted its quarterly earnings results on Wednesday, October 20th. The transportation company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.04. The company had revenue of $313.50 million during the quarter, compared to the consensus estimate of $319.15 million. GATX had a return on equity of 7.27% and a net margin of 8.05%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.03 EPS. On average, sell-side analysts predict that GATX Co. will post 4.5 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 31st. Stockholders of record on Wednesday, December 15th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 14th. This represents a $2.00 annualized dividend and a dividend yield of 1.92%. GATX’s payout ratio is 71.94%.

Several hedge funds have recently bought and sold shares of the company. Arizona State Retirement System grew its stake in shares of GATX by 1.1% during the 3rd quarter. Arizona State Retirement System now owns 9,161 shares of the transportation company’s stock worth $820,000 after acquiring an additional 97 shares during the period. Zacks Investment Management lifted its holdings in GATX by 0.6% during the 2nd quarter. Zacks Investment Management now owns 20,427 shares of the transportation company’s stock worth $1,807,000 after purchasing an additional 121 shares in the last quarter. M&T Bank Corp lifted its holdings in GATX by 5.8% during the 2nd quarter. M&T Bank Corp now owns 2,526 shares of the transportation company’s stock worth $224,000 after purchasing an additional 138 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in GATX by 94.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 291 shares of the transportation company’s stock worth $26,000 after purchasing an additional 141 shares in the last quarter. Finally, Texas Permanent School Fund lifted its holdings in GATX by 0.6% during the 2nd quarter. Texas Permanent School Fund now owns 26,381 shares of the transportation company’s stock worth $2,334,000 after purchasing an additional 158 shares in the last quarter.

About GATX (NYSE:GATX)

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.

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