GATX (NYSE:GATX) Earns Buy Rating from Analysts at Citigroup

Stock analysts at Citigroup began coverage on shares of GATX (NYSE:GATX) in a report released on Monday, MarketBeat.com reports. The firm set a “buy” rating and a $201.00 price target on the transportation company’s stock. Citigroup’s price target indicates a potential upside of 13.78% from the stock’s previous close.

Separately, Susquehanna set a $190.00 target price on shares of GATX and gave the company a “positive” rating in a report on Monday, August 18th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, GATX currently has an average rating of “Moderate Buy” and a consensus price target of $183.50.

GATX Stock Performance

NYSE:GATX opened at $176.66 on Monday. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 3.27. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 20.21 and a beta of 1.18. The firm’s fifty day simple moving average is $161.31 and its 200 day simple moving average is $154.95. GATX has a twelve month low of $127.69 and a twelve month high of $178.26.

GATX (NYSE:GATX) last posted its earnings results on Tuesday, July 29th. The transportation company reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.11. The business had revenue of $430.50 million for the quarter, compared to analyst estimates of $425.52 million. GATX had a net margin of 19.13% and a return on equity of 12.52%. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. As a group, equities research analysts expect that GATX will post 8.5 earnings per share for the current fiscal year.

Insider Activity at GATX

In other news, SVP Kevin Hillesland sold 2,200 shares of the business’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $152.59, for a total value of $335,698.00. Following the completion of the sale, the senior vice president owned 7,606 shares of the company’s stock, valued at approximately $1,160,599.54. The trade was a 22.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anne L. Arvia sold 979 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $165.35, for a total transaction of $161,877.65. Following the completion of the sale, the director directly owned 33,077 shares of the company’s stock, valued at $5,469,281.95. The trade was a 2.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,914 shares of company stock worth $2,953,509 over the last quarter. Company insiders own 2.17% of the company’s stock.

Institutional Investors Weigh In On GATX

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its position in shares of GATX by 0.5% in the 2nd quarter. Bank of America Corp DE now owns 1,219,746 shares of the transportation company’s stock worth $187,304,000 after purchasing an additional 6,104 shares during the last quarter. Sei Investments Co. increased its position in shares of GATX by 2.4% in the 2nd quarter. Sei Investments Co. now owns 924,437 shares of the transportation company’s stock worth $141,956,000 after purchasing an additional 21,631 shares during the last quarter. Geode Capital Management LLC grew its position in shares of GATX by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 879,139 shares of the transportation company’s stock valued at $135,017,000 after buying an additional 6,612 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of GATX by 52.7% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 434,415 shares of the transportation company’s stock valued at $66,709,000 after buying an additional 149,950 shares during the last quarter. Finally, Ensign Peak Advisors Inc grew its position in shares of GATX by 11.1% during the 2nd quarter. Ensign Peak Advisors Inc now owns 410,550 shares of the transportation company’s stock valued at $63,044,000 after buying an additional 40,915 shares during the last quarter. Institutional investors own 93.14% of the company’s stock.

About GATX

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.