GATX (NYSE:GATX) Given New $220.00 Price Target at Susquehanna

GATX (NYSE:GATX) had its target price increased by Susquehanna from $218.00 to $220.00 in a research note published on Thursday morning,Benzinga reports. The brokerage currently has a positive rating on the transportation company’s stock.

GATX has been the topic of several other research reports. 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 upped their target price on GATX from $215.00 to $216.00 and gave the company a “buy” rating in a report on Thursday, October 8th. Four investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $219.33.

GATX Stock Performance

NYSE GATX opened at $186.65 on Thursday. The company has a fifty day moving average price of $174.46 and a 200-day moving average price of $179.08. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 17.33 and a beta of 1.19. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.38 and a quick ratio of 3.90. GATX has a 1 year low of $150.69 and a 1 year high of $205.56.

GATX (NYSE:GATX) last released its quarterly earnings results on Thursday, October 29th. The transportation company reported $2.92 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.46. GATX had a net margin of 17.69% and a return on equity of 10.62%. The company had revenue of $598.00 million for the quarter, compared to analyst estimates of $592.66 million. During the same period last year, the firm earned $2.25 earnings per share. The firm’s revenue was up 36.1% on a year-over-year basis. As a group, equities research analysts predict that GATX will post 10.30 EPS for the current fiscal year.

GATX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $2.64 annualized dividend and a dividend yield of 1.4%. GATX’s dividend payout ratio (DPR) is 24.51%.

Insider Activity at GATX

In other news, CEO Robert Lyons sold 12,265 shares of GATX stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $186.00, for a total transaction of $2,281,290.00. Following the completion of the transaction, the chief executive officer directly owned 56,510 shares in the company, valued at approximately $10,510,860. This trade represents a 17.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Eren Doygun sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $179.52, for a total value of $179,520.00. Following the sale, the senior vice president directly owned 5,323 shares in the company, valued at approximately $955,584.96. This represents a 15.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 15,765 shares of company stock valued at $2,904,810 in the last three months. Company insiders own 1.86% of the company’s stock.

Hedge Funds Weigh In On GATX

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of GATX in the second quarter valued at $823,055,000. Bank of America Corp DE bought a new stake in shares of GATX in the 2nd quarter worth about $178,042,000. Bank of New York Mellon Corp purchased a new position in shares of GATX during the 2nd quarter worth about $51,178,000. Jupiter Topco LLC purchased a new position in shares of GATX during the 2nd quarter worth about $25,363,000. Finally, Walleye Capital LLC bought a new position in GATX during the 2nd quarter valued at about $21,691,000. Institutional investors own 93.14% of the company’s stock.

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.