Citigroup Begins Coverage on GATX (NYSE:GATX)

Stock analysts at Citigroup began coverage on shares of GATX (NYSE:GATX) in a research note issued on Monday, MarketBeat reports. The brokerage set a “buy” rating and a $201.00 price target on the transportation company’s stock. Citigroup’s target price would indicate a potential upside of 13.78% from the company’s previous close.

Separately, Susquehanna set a $190.00 price objective on shares of GATX and gave the stock a “positive” rating in a research note on Monday, August 18th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $183.50.

GATX Trading Up 0.4%

Shares of GATX opened at $176.66 on Monday. The company has a debt-to-equity ratio of 3.27, a current ratio of 2.93 and a quick ratio of 2.93. The firm has a 50 day simple moving average of $161.31 and a 200-day simple moving average of $154.95. GATX has a 1-year low of $127.69 and a 1-year high of $178.26. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 20.21 and a beta of 1.18.

GATX (NYSE:GATX) last issued its quarterly earnings data on Tuesday, July 29th. The transportation company reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.11. GATX had a net margin of 19.13% and a return on equity of 12.52%. The business had revenue of $430.50 million during the quarter, compared to analysts’ expectations of $425.52 million. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. Equities analysts forecast that GATX will post 8.5 EPS for the current fiscal year.

Insider Activity

In other GATX news, VP Geoffrey Phillips sold 2,100 shares of GATX stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $168.74, for a total value of $354,354.00. Following the transaction, the vice president owned 6,740 shares in the company, valued at $1,137,307.60. This trade represents a 23.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Kevin Hillesland sold 2,200 shares of GATX stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $152.59, for a total transaction of $335,698.00. Following the completion of the transaction, the senior vice president owned 7,606 shares in the company, valued at approximately $1,160,599.54. This trade represents a 22.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,914 shares of company stock valued at $2,953,509 over the last quarter. Insiders own 2.17% of the company’s stock.

Hedge Funds Weigh In On GATX

Hedge funds have recently made changes to their positions in the stock. Hantz Financial Services Inc. boosted its holdings in shares of GATX by 434.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 187 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 152 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of GATX in the 1st quarter valued at $30,000. TCTC Holdings LLC boosted its holdings in shares of GATX by 117.0% in the 1st quarter. TCTC Holdings LLC now owns 243 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 131 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of GATX by 101.2% in the 1st quarter. UMB Bank n.a. now owns 328 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 165 shares during the last quarter. Finally, Bayforest Capital Ltd boosted its holdings in shares of GATX by 219.0% in the 2nd quarter. Bayforest Capital Ltd now owns 370 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 254 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Company Profile

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.