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

GATX (NYSE:GATX) had its price target boosted by Susquehanna from $120.00 to $122.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company raised their price target on GATX from $130.00 to $140.00 and gave the company an overweight rating in a report on Wednesday, January 24th. TD Cowen lifted their target price on 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 $127.51 on Wednesday. The company has a debt-to-equity ratio of 3.28, a quick ratio of 2.79 and a current ratio of 3.39. The business’s fifty day moving average is $129.78 and its 200 day moving average is $120.20. The company has a market capitalization of $4.53 billion, a PE ratio of 18.16 and a beta of 0.98. GATX has a fifty-two week low of $97.21 and a fifty-two week high of $135.65.

GATX (NYSE:GATX) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.29. The business had revenue of $379.90 million for the quarter, compared to analysts’ expectations of $375.80 million. GATX had a return on equity of 11.29% and a net margin of 17.64%. The business’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the firm earned $2.20 earnings per share. Sell-side analysts predict that GATX will post 7.53 earnings per share for the current year.

GATX Dividend Announcement

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

Insider Buying and Selling at GATX

In other GATX news, CEO Robert C. Lyons sold 19,300 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 44,710 shares in the company, valued at $5,620,047. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Kevin Hillesland sold 2,200 shares of the business’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 value of $294,426.00. Following the completion of the sale, the senior vice president now owns 7,711 shares in the company, valued at $1,031,963.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert C. Lyons sold 19,300 shares of the business’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 value 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 disclosure for this sale can be found here. Insiders sold 39,694 shares of company stock worth $5,040,656 over the last 90 days. Company insiders own 1.80% of the company’s stock.

Institutional Trading of GATX

Large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in GATX by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 3,917,862 shares of the transportation company’s stock worth $471,005,000 after buying an additional 14,420 shares in the last quarter. Earnest Partners LLC raised its stake in GATX by 3.0% in the third quarter. Earnest Partners LLC now owns 2,829,696 shares of the transportation company’s stock worth $307,956,000 after buying an additional 82,608 shares in the last quarter. Sei Investments Co. raised its stake in GATX by 32.2% in the fourth quarter. Sei Investments Co. now owns 784,202 shares of the transportation company’s stock worth $94,277,000 after buying an additional 191,187 shares in the last quarter. American Century Companies Inc. raised its stake in GATX by 22.6% in the third quarter. American Century Companies Inc. now owns 468,726 shares of the transportation company’s stock worth $51,011,000 after buying an additional 86,501 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in GATX by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 447,361 shares of the transportation company’s stock worth $53,782,000 after buying 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.