Susquehanna Boosts GATX (NYSE:GATX) Price Target to $122.00

GATX (NYSE:GATX) had its price objective upped by Susquehanna from $120.00 to $122.00 in a report issued on Wednesday morning, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

A number of other analysts have also recently commented on GATX. TD Cowen lifted their price objective on GATX from $122.00 to $136.00 and gave the stock a market perform rating in a research report on Wednesday, January 24th. Wells Fargo & Company lifted their price objective on GATX from $130.00 to $140.00 and gave the stock an overweight rating in a research report on Wednesday, January 24th.

GATX Trading Down 0.4 %

NYSE:GATX opened at $127.47 on Wednesday. The company has a market capitalization of $4.53 billion, a PE ratio of 18.16 and a beta of 0.98. The company has a quick ratio of 2.79, a current ratio of 3.39 and a debt-to-equity ratio of 3.28. GATX has a 52-week low of $97.21 and a 52-week high of $135.65. The stock has a fifty day simple moving average of $129.77 and a 200-day simple moving average of $120.07.

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

GATX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 30th. Shareholders of record on Friday, June 14th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.82%. The ex-dividend date is Friday, June 14th. GATX’s dividend payout ratio (DPR) is 33.05%.

Insider Buying and Selling at GATX

In other GATX news, CFO Thomas A. Ellman sold 18,000 shares of GATX stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $127.54, for a total value of $2,295,720.00. Following the completion of the sale, the chief financial officer now owns 35,429 shares in the company, valued at approximately $4,518,614.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Robert C. Lyons sold 19,300 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was 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 in the company, valued at approximately $5,620,047. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas A. Ellman sold 18,000 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $127.54, for a total value of $2,295,720.00. Following the sale, the chief financial officer now owns 35,429 shares of the company’s stock, valued at approximately $4,518,614.66. The disclosure for this sale can be found here. Insiders sold 39,694 shares of company stock worth $5,040,656 in the last 90 days. 1.80% of the stock is owned by company insiders.

Institutional Trading of GATX

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of GATX by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,917,862 shares of the transportation company’s stock worth $471,005,000 after purchasing an additional 14,420 shares during the period. Earnest Partners LLC lifted its position in GATX by 3.0% during the 3rd quarter. Earnest Partners LLC now owns 2,829,696 shares of the transportation company’s stock worth $307,956,000 after acquiring an additional 82,608 shares in the last quarter. Sei Investments Co. lifted its position in GATX by 32.2% during the 4th quarter. Sei Investments Co. now owns 784,202 shares of the transportation company’s stock worth $94,277,000 after acquiring an additional 191,187 shares in the last quarter. American Century Companies Inc. lifted its position in GATX by 22.6% during the 3rd quarter. American Century Companies Inc. now owns 468,726 shares of the transportation company’s stock worth $51,011,000 after acquiring an additional 86,501 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in GATX by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 447,361 shares of the transportation company’s stock worth $53,782,000 after acquiring an additional 6,476 shares in the last quarter. Hedge funds and other institutional investors 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.