Susquehanna Forecasts Strong Price Appreciation for GATX (NYSE:GATX) Stock

GATX (NYSE:GATX) had its target price boosted by Susquehanna from $218.00 to $220.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “positive” rating on the transportation company’s stock. Susquehanna‘s price objective would indicate a potential upside of 20.40% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings cut shares of GATX from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, October 21st. Citigroup boosted their price objective on GATX from $215.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, October 8th. Four analysts have rated the stock with a Buy rating. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $219.33.

GATX Stock Down 2.0%

Shares of GATX traded down $3.69 during trading hours on Thursday, reaching $182.73. The stock had a trading volume of 170,241 shares, compared to its average volume of 208,538. The firm has a 50-day simple moving average of $174.55 and a 200 day simple moving average of $179.10. GATX has a 12 month low of $150.69 and a 12 month high of $205.56. The company has a current ratio of 2.38, a quick ratio of 3.90 and a debt-to-equity ratio of 3.37. The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of 16.97 and a beta of 1.19.

GATX (NYSE:GATX) last released its quarterly earnings data on Thursday, October 29th. The transportation company reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.46. The firm had revenue of $598.00 million for the quarter, compared to the consensus estimate of $592.66 million. GATX had a net margin of 17.69% and a return on equity of 10.62%. The business’s revenue was up 36.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.25 earnings per share. Equities research analysts predict that GATX will post 10.30 earnings per share for the current fiscal year.

Insider Transactions at GATX

In other GATX news, SVP Kevin Hillesland sold 1,900 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $187.26, for a total value of $355,794.00. Following the completion of the sale, the senior vice president directly owned 7,212 shares of the company’s stock, valued at $1,350,519.12. This trade represents a 20.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Eren Doygun sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $179.52, for a total value of $179,520.00. Following the completion of the sale, the senior vice president owned 5,323 shares in the company, valued at approximately $955,584.96. The trade was a 15.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 17,665 shares of company stock valued at $3,260,604 in the last three months. 1.86% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On GATX

Several institutional investors have recently added to or reduced their stakes in GATX. BlackRock Inc. purchased a new position in shares of GATX in the second quarter worth about $823,055,000. Bank of America Corp DE purchased a new stake in shares of GATX during the 2nd quarter valued at approximately $178,042,000. Bank of New York Mellon Corp purchased a new stake in shares of GATX during the 2nd quarter valued at approximately $51,178,000. Jupiter Topco LLC bought a new position in GATX in the 2nd quarter worth approximately $25,363,000. Finally, Walleye Capital LLC bought a new position in GATX in the 2nd quarter worth approximately $21,691,000. 93.14% of the stock is owned by hedge funds and other institutional investors.

GATX Company Profile

GATX Corporation is a global asset-leasing company focused primarily on rail transportation. Through its rail businesses, the company owns, leases and manages a diverse fleet of freight railcars used to transport commodities and manufactured goods, including tank cars, covered and open hoppers, boxcars and specialized rail equipment. GATX also provides fleet management, maintenance and other services that support railcar customers.

GATX serves customers across North America and Europe through operations that include GATX Rail North America and GATX Rail Europe.