GATX (NYSE:GATX) Given New $220.00 Price Target at Susquehanna

GATX (NYSE:GATX) had its price objective raised by analysts at Susquehanna from $218.00 to $220.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “positive” rating on the transportation company’s stock. Susquehanna‘s target price would suggest a potential upside of 15.39% from the stock’s previous close.

Several other equities analysts have also commented on GATX. Weiss Ratings lowered shares of GATX from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, October 21st. Citigroup upped their price target on shares of GATX from $215.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, October 8th. Four research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $219.33.

GATX Stock Up 2.6%

Shares of NYSE GATX opened at $190.65 on Thursday. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.90 and a current ratio of 2.38. GATX has a 52 week low of $150.42 and a 52 week high of $205.56. The stock has a market capitalization of $6.65 billion, a P/E ratio of 17.61 and a beta of 1.19. The stock’s fifty day moving average is $174.30 and its 200 day moving average is $179.05.

GATX (NYSE:GATX) last posted its quarterly earnings results on Thursday, October 29th. The transportation company reported $2.92 EPS for the quarter, beating analysts’ consensus estimates of $2.46 by $0.46. GATX had a return on equity of 10.62% and a net margin of 17.69%. The business had revenue of $598.00 million during the quarter, compared to the consensus estimate of $592.66 million. During the same quarter in the previous year, the firm earned $2.25 earnings per share. GATX’s revenue for the quarter was up 36.1% compared to the same quarter last year. Sell-side analysts forecast that GATX will post 10.30 earnings per share for the current fiscal year.

Insider Transactions at GATX

In other news, SVP Eren Doygun sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $179.52, for a total value of $179,520.00. Following the sale, the senior vice president directly owned 5,323 shares in the company, valued at approximately $955,584.96. This trade represents a 15.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Geoffrey Phillips sold 2,500 shares of GATX stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $177.60, for a total transaction of $444,000.00. Following the sale, the vice president directly owned 1 shares in the company, valued at $177.60. This trade represents a 99.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.86% of the stock is currently owned by corporate insiders.

Institutional Trading of GATX

A number of hedge funds have recently added to or reduced their stakes in the stock. Root Financial Partners LLC bought a new stake in shares of GATX during the third quarter worth $28,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of GATX during the second quarter worth $32,000. Assetmark Inc. lifted its stake in shares of GATX by 50.8% in the 1st quarter. Assetmark Inc. now owns 196 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 66 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of GATX by 23.3% in the 2nd quarter. Versant Capital Management Inc now owns 407 shares of the transportation company’s stock valued at $72,000 after acquiring an additional 77 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of GATX by 53.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 688 shares of the transportation company’s stock valued at $117,000 after acquiring an additional 239 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Company Profile

GATX Corporation is a global asset-leasing company focused primarily on rail transportation. Through its rail businesses, the company owns, leases and manages a diverse fleet of freight railcars used to transport commodities and manufactured goods, including tank cars, covered and open hoppers, boxcars and specialized rail equipment. GATX also provides fleet management, maintenance and other services that support railcar customers.

GATX serves customers across North America and Europe through operations that include GATX Rail North America and GATX Rail Europe.