Stifel Nicolaus Upgrades GATX Corp to Hold

By Ryan Adsit

GATX Corp (NYSE: GATX) received a Hold rating from Stifel Nicolaus analyst Michael Baudendistel today. The company’s shares closed on Friday at $61.80.

According to, Baudendistel is a 3-star analyst with an average return of 3.6% and a 66.7% success rate. Baudendistel covers the Industrial Goods sector, focusing on stocks such as Wabash National Corp, Freightcar America, and Trinity Industries.

GATX Corp has an analyst consensus of Hold, with a price target consensus of $63.50.

Based on GATX Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $316 million and quarterly net profit of $57.5 million. In comparison, last year the company earned revenue of $359 million and had a net profit of $61.2 million.

Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. Last month, Paul Titterton, the VP & Chief Commercial Officer of GATX sold 2,843 shares for a total of $175,334.

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GATX Corp. leases, operates, manages, and remarkets long-lived, widely-used assets, primarily in the rail and marine markets. The company operates business through the following segments: Rail North America, Rail International, American Steamship Co. and Portfolio Management.