GATX (NYSE:GATX) Price Target Raised to $122.00 at Susquehanna

GATX (NYSE:GATX) had its target price upped by investment analysts at Susquehanna from $120.00 to $122.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target would indicate a potential downside of 3.27% from the company’s previous close.

Other research analysts have also issued reports about the stock. Wells Fargo & Company upped their target price on shares of GATX from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. TD Cowen increased their price objective on shares of GATX from $122.00 to $136.00 and gave the stock a “market perform” rating in a report on Wednesday, January 24th.

GATX Price Performance

NYSE:GATX opened at $126.12 on Wednesday. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of 17.64 and a beta of 0.98. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 3.26. The company’s 50-day moving average is $129.77 and its two-hundred day moving average is $119.83. GATX has a 12-month low of $97.21 and a 12-month high of $135.65.

GATX (NYSE:GATX) last released its earnings results on Tuesday, January 23rd. The transportation company reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.16. The company had revenue of $368.70 million for the quarter, compared to analyst estimates of $365.32 million. GATX had a net margin of 18.37% and a return on equity of 11.81%. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.54 EPS. Research analysts expect that GATX will post 7.53 EPS for the current year.

Insider Transactions at GATX

In related news, CEO Robert C. Lyons sold 19,300 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $125.70, for a total transaction of $2,426,010.00. Following the completion of the sale, the chief executive officer now owns 44,710 shares of the company’s stock, valued at approximately $5,620,047. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Robert C. Lyons sold 19,300 shares of the firm’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 transaction of $2,426,010.00. Following the completion of the sale, the chief executive officer now 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 can be accessed through this link. Also, SVP Kevin Hillesland sold 2,200 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 7,711 shares of the company’s stock, valued at approximately $1,031,963.13. The disclosure for this sale can be found here. Insiders have sold a total of 39,694 shares of company stock worth $5,040,656 in the last three months. Company insiders own 1.99% of the company’s stock.

Hedge Funds Weigh In On GATX

Several large investors have recently added to or reduced their stakes in GATX. SG Americas Securities LLC bought a new position in GATX during the third quarter worth $1,358,000. Linden Thomas Advisory Services LLC bought a new stake in GATX in the third quarter valued at $647,000. Raymond James & Associates lifted its stake in GATX by 4.3% in the third quarter. Raymond James & Associates now owns 30,455 shares of the transportation company’s stock valued at $3,314,000 after buying an additional 1,252 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in GATX by 8.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,743 shares of the transportation company’s stock valued at $734,000 after buying an additional 505 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new stake in GATX in the third quarter valued at $568,000. 93.14% of the stock is currently owned by institutional investors.

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.