GATX (NYSE:GATX) Sets New 1-Year High – Here’s Why

GATX Corporation (NYSE:GATX)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $193.06 and last traded at $191.99, with a volume of 2976 shares trading hands. The stock had previously closed at $192.06.

Analysts Set New Price Targets

Several brokerages recently weighed in on GATX. Weiss Ratings restated a “buy (b)” rating on shares of GATX in a research note on Thursday, January 22nd. Citigroup upped their target price on shares of GATX from $192.00 to $198.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. The Goldman Sachs Group restated a “buy” rating and issued a $204.00 price target on shares of GATX in a research report on Wednesday, January 14th. Finally, Susquehanna increased their target price on shares of GATX from $192.00 to $212.00 and gave the company a “positive” rating in a research note on Monday, January 26th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, GATX has an average rating of “Buy” and an average price target of $204.67.

GATX Stock Down 1.4%

The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 3.26. The business has a 50-day simple moving average of $179.15 and a two-hundred day simple moving average of $169.29. The stock has a market capitalization of $6.81 billion, a P/E ratio of 22.28 and a beta of 1.19.

GATX (NYSE:GATX) last issued its quarterly earnings data on Thursday, February 19th. The transportation company reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.02. GATX had a net margin of 18.35% and a return on equity of 11.62%. The firm had revenue of $449.00 million for the quarter, compared to analysts’ expectations of $443.67 million. During the same period in the prior year, the firm earned $1.93 earnings per share. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities research analysts forecast that GATX Corporation will post 8.5 earnings per share for the current fiscal year.

Insider Activity at GATX

In related news, SVP Aken Jennifer Van sold 1,800 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $164.15, for a total value of $295,470.00. Following the completion of the transaction, the senior vice president owned 5,912 shares in the company, valued at $970,454.80. The trade was a 23.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.17% of the stock is owned by company insiders.

Institutional Trading of GATX

A number of institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC lifted its stake in shares of GATX by 364.5% in the 3rd quarter. Larson Financial Group LLC now owns 144 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 113 shares during the period. Ameriflex Group Inc. bought a new stake in GATX in the third quarter valued at about $27,000. Community Bank N.A. acquired a new position in GATX in the third quarter valued at about $27,000. Caitong International Asset Management Co. Ltd acquired a new position in GATX in the fourth quarter valued at about $27,000. Finally, Los Angeles Capital Management LLC bought a new position in GATX during the fourth quarter worth about $27,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

About GATX

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.