GATX (NYSE:GATX) Price Target Raised to $122.00 at Susquehanna

GATX (NYSE:GATX) had its price target lifted by investment analysts at Susquehanna from $120.00 to $122.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective would indicate a potential downside of 3.27% from the company’s current price.

GATX has been the topic of a number of other research reports. TD Cowen boosted their price target on GATX from $122.00 to $136.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 24th. Wells Fargo & Company upped their target price on GATX from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th.

GATX Stock Performance

Shares of GATX stock opened at $126.12 on Wednesday. The firm has a market cap of $4.48 billion, a P/E ratio of 17.64 and a beta of 0.98. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 3.26. GATX has a 12 month low of $97.21 and a 12 month high of $135.65. The stock’s fifty day moving average price is $129.77 and its 200-day moving average price is $119.83.

GATX (NYSE:GATX) last posted its earnings results on Tuesday, January 23rd. The transportation company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.16. GATX had a return on equity of 11.81% and a net margin of 18.37%. The company had revenue of $368.70 million for the quarter, compared to analyst estimates of $365.32 million. During the same quarter in the previous year, the firm earned $1.54 earnings per share. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, equities research analysts expect that GATX will post 7.53 earnings per share for the current fiscal year.

Insider Buying and Selling at GATX

In other GATX news, CFO Thomas A. Ellman sold 18,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 35,429 shares of the company’s stock, valued at $4,518,614.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Thomas A. Ellman sold 18,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $127.54, for a total transaction of $2,295,720.00. Following the completion of the transaction, the chief financial officer now directly owns 35,429 shares of the company’s stock, valued at approximately $4,518,614.66. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Kevin Hillesland sold 2,200 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $133.83, for a total value of $294,426.00. Following the completion of the transaction, the senior vice president now directly owns 7,711 shares of the company’s stock, valued at $1,031,963.13. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,694 shares of company stock valued at $5,040,656. 1.99% of the stock is owned by company insiders.

Institutional Trading of GATX

Large investors have recently added to or reduced their stakes in the stock. Orion Capital Management LLC purchased a new stake in GATX in the 3rd quarter valued at $27,000. GAMMA Investing LLC purchased a new stake in GATX in the 4th quarter valued at $32,000. Headinvest LLC purchased a new stake in GATX in the 3rd quarter valued at $33,000. McGlone Suttner Wealth Management Inc. purchased a new stake in GATX in the 4th quarter valued at $36,000. Finally, Bruce G. Allen Investments LLC purchased a new stake in GATX in the 4th quarter valued at $42,000. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

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.