Susquehanna Cuts GATX (NYSE:GATX) Price Target to $160.00

GATX (NYSE:GATX) had its target price cut by Susquehanna from $165.00 to $160.00 in a research report sent to investors on Thursday morning, Marketbeat.com reports. They currently have a neutral rating on the transportation company’s stock.

Separately, The Goldman Sachs Group reissued a “buy” rating on shares of GATX in a research report on Wednesday.

GATX Stock Up 0.5 %

GATX opened at $144.88 on Thursday. The company has a market capitalization of $5.17 billion, a PE ratio of 18.65 and a beta of 1.00. The business has a 50-day moving average of $153.53 and a 200-day moving average of $154.20. GATX has a fifty-two week low of $122.00 and a fifty-two week high of $168.89. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.77 and a quick ratio of 3.41.

GATX (NYSE:GATX) last posted its earnings results on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.06. GATX had a net margin of 17.92% and a return on equity of 12.07%. The firm had revenue of $421.60 million during the quarter, compared to analysts’ expectations of $417.06 million. During the same period in the previous year, the company earned $2.01 earnings per share. Equities research analysts forecast that GATX will post 8.5 EPS for the current fiscal year.

GATX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.68%. GATX’s dividend payout ratio is 30.93%.

Insider Buying and Selling

In other news, SVP Jeffery R. Young sold 297 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $164.63, for a total transaction of $48,895.11. Following the completion of the transaction, the senior vice president now directly owns 7,362 shares in the company, valued at $1,212,006.06. The trade was a 3.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert Zmudka sold 4,800 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $163.83, for a total transaction of $786,384.00. Following the completion of the sale, the vice president now owns 7,493 shares in the company, valued at approximately $1,227,578.19. The trade was a 39.05 % decrease in their position. The disclosure for this sale can be found here. 2.17% of the stock is owned by insiders.

Institutional Trading of GATX

Hedge funds have recently bought and sold shares of the stock. UMB Bank n.a. lifted its stake in shares of GATX by 91.8% in the fourth quarter. UMB Bank n.a. now owns 163 shares of the transportation company’s stock valued at $25,000 after buying an additional 78 shares during the period. Assetmark Inc. lifted its position in shares of GATX by 60.4% in the 4th quarter. Assetmark Inc. now owns 178 shares of the transportation company’s stock worth $28,000 after acquiring an additional 67 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of GATX in the 1st quarter worth approximately $30,000. Brown Brothers Harriman & Co. acquired a new stake in shares of GATX during the 4th quarter worth approximately $39,000. Finally, Orion Capital Management LLC bought a new stake in shares of GATX during the fourth quarter valued at approximately $39,000. 93.14% of the stock is owned by institutional investors.

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.