GATX (NYSE:GATX) Shares Gap Up - Time to Buy?

GATX Co. (NYSE:GATX - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $146.47, but opened at $152.11. GATX shares last traded at $160.32, with a volume of 45,898 shares changing hands.

Analyst Ratings Changes

GATX has been the topic of several research reports. Susquehanna dropped their price objective on shares of GATX from $165.00 to $160.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group reiterated a "buy" rating on shares of GATX in a research report on Wednesday, April 23rd.

GATX Trading Up 0.3%

The firm's fifty day moving average price is $147.98 and its 200-day moving average price is $155.39. The company has a market cap of $5.60 billion, a price-to-earnings ratio of 20.19 and a beta of 1.18. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.77 and a quick ratio of 3.41.

GATX (NYSE:GATX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.06. The firm had revenue of $421.60 million for the quarter, compared to the consensus estimate of $417.06 million. GATX had a net margin of 17.92% and a return on equity of 12.07%. GATX's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm posted $2.01 EPS. On average, equities analysts expect that GATX Co. will post 8.5 EPS for the current fiscal year.

GATX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.61 per share. The ex-dividend date is Friday, June 13th. This represents a $2.44 annualized dividend and a dividend yield of 1.56%. GATX's dividend payout ratio is presently 30.93%.

Institutional Trading of GATX

Several large investors have recently added to or reduced their stakes in GATX. Assetmark Inc. boosted its position in GATX by 60.4% during the 4th quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock worth $28,000 after acquiring an additional 67 shares during the period. Savant Capital LLC lifted its holdings in GATX by 4.6% in the fourth quarter. Savant Capital LLC now owns 1,584 shares of the transportation company's stock worth $245,000 after purchasing an additional 69 shares during the period. CWM LLC grew its position in GATX by 12.7% in the 1st quarter. CWM LLC now owns 621 shares of the transportation company's stock valued at $96,000 after buying an additional 70 shares in the last quarter. Principal Securities Inc. grew its position in GATX by 9.0% in the 4th quarter. Principal Securities Inc. now owns 919 shares of the transportation company's stock valued at $142,000 after buying an additional 76 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in GATX by 0.8% during the 4th quarter. Arizona State Retirement System now owns 9,816 shares of the transportation company's stock valued at $1,521,000 after buying an additional 77 shares during the period. 93.14% of the stock is currently owned by institutional investors and hedge funds.

GATX Company Profile

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.