GATX (NYSE:GATX) Price Target Raised to $215.00

GATX (NYSE:GATX) had its price target boosted by Citigroup from $214.00 to $215.00 in a report issued on Monday,Benzinga reports. Citigroup currently has a buy rating on the transportation company’s stock.

Other equities analysts have also issued research reports about the company. The Goldman Sachs Group reiterated a “buy” rating and set a $222.00 price objective on shares of GATX in a research note on Thursday, May 7th. Weiss Ratings restated a “buy (b)” rating on shares of GATX in a research note on Friday, July 17th. Finally, Susquehanna raised their target price on GATX from $218.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, GATX presently has a consensus rating of “Buy” and a consensus price target of $219.00.

GATX Stock Down 1.4%

GATX stock opened at $179.21 on Monday. The company has a market capitalization of $6.33 billion, a P/E ratio of 17.74 and a beta of 1.17. GATX has a 12 month low of $150.42 and a 12 month high of $205.56. The firm’s fifty day simple moving average is $176.81 and its 200-day simple moving average is $180.73. The company has a debt-to-equity ratio of 3.44, a current ratio of 3.90 and a quick ratio of 3.91.

GATX (NYSE:GATX) last issued its earnings results on Thursday, July 30th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.46 by $0.38. The firm had revenue of $580.10 million during the quarter, compared to analysts’ expectations of $598.77 million. GATX had a net margin of 17.94% and a return on equity of 10.43%. The firm’s revenue was up 34.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.06 earnings per share. GATX has set its FY 2026 guidance at 9.900-10.30 EPS. As a group, equities research analysts forecast that GATX will post 10.1 earnings per share for the current year.

GATX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, September 15th. GATX’s dividend payout ratio (DPR) is currently 26.14%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GATX. Northwestern Mutual Wealth Management Co. raised its holdings in GATX by 270,265.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 640,765 shares of the transportation company’s stock worth $108,674,000 after purchasing an additional 640,528 shares during the period. Norges Bank acquired a new stake in GATX in the fourth quarter valued at approximately $86,241,000. Alliancebernstein L.P. grew its holdings in GATX by 681.7% in the third quarter. Alliancebernstein L.P. now owns 574,333 shares of the transportation company’s stock valued at $100,393,000 after purchasing an additional 500,857 shares during the period. Squarepoint Ops LLC increased its position in shares of GATX by 429.5% in the second quarter. Squarepoint Ops LLC now owns 187,835 shares of the transportation company’s stock valued at $28,844,000 after buying an additional 152,361 shares in the last quarter. Finally, Steadfast Capital Management LP acquired a new position in shares of GATX during the 3rd quarter worth approximately $24,489,000. Hedge funds and other institutional investors own 93.14% of the company’s stock.

GATX Company Profile

GATX Corporation (NYSE: GATX) is a global railcar leasing and asset management company headquartered in Chicago, Illinois. Founded in 1898 as General American Transportation Corporation, GATX has grown into one of the world’s leading lessors of railcars, marine vessels and industrial assets. The company’s core business focuses on leasing and managing high-value equipment for customers in the energy, industrial, chemical, agricultural and metals markets.

In its Rail North America segment, GATX owns and manages a diverse fleet of more than 60,000 railcars, including tank cars, covered hoppers, boxcars and flatcars.