GATX (NYSE:GATX) PT Raised to $122.00

GATX (NYSE:GATX) had its price objective hoisted by equities researchers at Susquehanna from $120.00 to $122.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target points to a potential downside of 4.68% from the company’s current price.

Several other analysts also recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of GATX from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. TD Cowen boosted their price objective on shares of GATX from $122.00 to $136.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 24th.

GATX Stock Performance

GATX stock opened at $127.99 on Wednesday. The company has a 50 day moving average price of $129.80 and a 200-day moving average price of $120.01. The company has a debt-to-equity ratio of 3.28, a quick ratio of 2.79 and a current ratio of 3.39. GATX has a fifty-two week low of $97.21 and a fifty-two week high of $135.65. The company has a market capitalization of $4.55 billion, a PE ratio of 17.83 and a beta of 0.98.

GATX (NYSE:GATX) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.29. GATX had a net margin of 17.64% and a return on equity of 11.29%. The firm had revenue of $379.90 million during the quarter, compared to the consensus estimate of $375.80 million. During the same quarter in the previous year, the firm posted $2.20 earnings per share. The company’s revenue was up 12.1% on a year-over-year basis. As a group, equities analysts forecast that GATX will post 7.53 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Robert C. Lyons sold 19,300 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $125.70, for a total value of $2,426,010.00. Following the completion of the transaction, the chief executive officer now owns 44,710 shares of the company’s stock, valued at $5,620,047. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other GATX news, CEO Robert C. Lyons sold 19,300 shares of GATX stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $125.70, for a total value of $2,426,010.00. Following the transaction, the chief executive officer now directly owns 44,710 shares of the company’s stock, valued at $5,620,047. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kevin Hillesland sold 2,200 shares of GATX stock in a transaction on Friday, March 8th. The stock was sold at an average price of $133.83, for a total transaction of $294,426.00. Following the completion of the transaction, the senior vice president now directly owns 7,711 shares in the company, valued at $1,031,963.13. The disclosure for this sale can be found here. Insiders sold 39,694 shares of company stock valued at $5,040,656 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On GATX

Institutional investors and hedge funds have recently bought and sold shares of the company. Orion Capital Management LLC purchased a new stake in shares of GATX during the third quarter valued at $27,000. GAMMA Investing LLC purchased a new stake in shares of GATX during the fourth quarter valued at $32,000. Headinvest LLC purchased a new stake in shares of GATX during the third quarter valued at $33,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of GATX during the fourth quarter valued at $36,000. Finally, Bruce G. Allen Investments LLC purchased a new stake in shares of GATX during the fourth quarter valued at $42,000. 93.14% of the stock is owned by hedge funds and other institutional investors.

About GATX

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.