GATX (NYSE:GATX) Price Target Raised to $140.00

GATX (NYSE:GATX) had its price target upped by Susquehanna from $122.00 to $140.00 in a research report report published on Monday, Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

GATX Trading Up 0.4 %

GATX opened at $139.05 on Monday. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 19.81 and a beta of 0.95. GATX has a one year low of $100.67 and a one year high of $151.33. The business has a 50 day simple moving average of $135.94 and a two-hundred day simple moving average of $134.68. The company has a debt-to-equity ratio of 3.52, a current ratio of 4.97 and a quick ratio of 4.97.

GATX (NYSE:GATX) last announced its earnings results on Tuesday, October 22nd. The transportation company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.54. The company had revenue of $405.40 million during the quarter, compared to the consensus estimate of $391.65 million. GATX had a return on equity of 10.61% and a net margin of 15.86%. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.44 earnings per share. Analysts predict that GATX will post 7.5 EPS for the current year.

Insider Activity at GATX

In other news, major shareholder Farm Mutual Automobile I. State acquired 8,984 shares of the business’s stock in a transaction on Wednesday, October 9th. The shares were acquired at an average cost of $133.65 per share, with a total value of $1,200,711.60. Following the transaction, the insider now owns 3,312,294 shares in the company, valued at $442,688,093.10. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On GATX

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gradient Investments LLC purchased a new position in GATX in the second quarter worth about $25,000. Wolff Wiese Magana LLC purchased a new position in GATX during the 3rd quarter valued at approximately $28,000. Quarry LP bought a new stake in GATX in the 2nd quarter worth approximately $37,000. CWM LLC raised its holdings in shares of GATX by 155.7% during the 1st quarter. CWM LLC now owns 335 shares of the transportation company’s stock worth $45,000 after acquiring an additional 204 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of GATX during the 2nd quarter valued at approximately $53,000. 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.