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GATX (GATX) Reaches $68.60 After 8.00% Down Move; GDL Fund (GDL) Sentiment Is 1.08

The stock of GATX Corporation (NYSE:GATX) is a huge mover today! The stock decreased 1.49% or $1.04 during the last trading session, reaching $68.6. About 63,734 shares traded. GATX Corporation (NYSE:GATX) has risen 18.16% since April 17, 2017 and is uptrending. It has outperformed by 6.61% the S&P500.The move comes after 7 months negative chart setup for the $2.59B company. It was reported on Apr, 17 by We have $63.11 PT which if reached, will make NYSE:GATX worth $207.44M less.

GDL Fund (GDL) investors sentiment increased to 1.08 in Q4 2017. It’s up 0.31, from 0.77 in 2017Q3. The ratio has increased, as 14 hedge funds increased or started new holdings, while 13 reduced and sold their stock positions in GDL Fund. The hedge funds in our database now own: 5.89 million shares, down from 7.44 million shares in 2017Q3. Also, the number of hedge funds holding GDL Fund in top ten holdings was flat from 1 to 1 for the same number . Sold All: 2 Reduced: 11 Increased: 8 New Position: 6.

GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets in North America and internationally. The company has market cap of $2.59 billion. The firm operates in four divisions: Rail North America, Rail International, American Steamship Company , and Portfolio Management. It has a 5.38 P/E ratio. The Rail North America segment primarily leases railcars and locomotive.

Analysts await GATX Corporation (NYSE:GATX) to report earnings on April, 19 before the open. They expect $1.17 EPS, down 18.75% or $0.27 from last year’s $1.44 per share. GATX’s profit will be $44.22 million for 14.66 P/E if the $1.17 EPS becomes a reality. After $0.68 actual EPS reported by GATX Corporation for the previous quarter, Wall Street now forecasts 72.06% EPS growth.

Among 3 analysts covering GATX (NYSE:GATX), 0 have Buy rating, 2 Sell and 1 Hold. Therefore 0 are positive. GATX had 3 analyst reports since January 12, 2017 according to SRatingsIntel. The company was downgraded on Thursday, January 12 by Stifel Nicolaus. The stock has “Market Perform” rating by Cowen & Co on Friday, March 3. As per Friday, June 16, the company rating was maintained by Axiom Capital.

Glacier Peak Capital Llc holds 5.17% of its portfolio in The GDL Fund for 396,644 shares. Financial & Investment Management Group Ltd owns 354,644 shares or 1.2% of their US portfolio. Moreover, Gabelli & Co Investment Advisers Inc. has 0.92% invested in the company for 717,293 shares. The Alabama-based Cornerstone Advisors Inc has invested 0.27% in the stock. Ancora Advisors Llc, a Us-based fund reported 169,020 shares.

GATX Corporation (NYSE:GATX) Institutional Positions Chart

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