GATX (NYSE:GATX) Price Target Raised to $115.00 at Susquehanna

GATX (NYSE:GATXGet Rating) had its price objective raised by equities research analysts at Susquehanna from $110.00 to $115.00 in a research note issued on Wednesday, The Fly reports. Susquehanna’s price objective would indicate a potential upside of 4.65% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Susquehanna Bancshares lowered shares of GATX to a “neutral” rating in a research note on Monday, November 7th. StockNews.com assumed coverage on shares of GATX in a research note on Wednesday, October 12th. They issued a “hold” rating for the company.

GATX Stock Performance

Shares of GATX stock opened at $109.89 on Wednesday. The firm has a market capitalization of $3.87 billion, a PE ratio of 23.53 and a beta of 1.07. The firm has a fifty day simple moving average of $109.88 and a two-hundred day simple moving average of $101.72. The company has a current ratio of 4.14, a quick ratio of 4.14 and a debt-to-equity ratio of 3.28. GATX has a 12 month low of $84.96 and a 12 month high of $127.58.

GATX (NYSE:GATXGet Rating) last announced its quarterly earnings results on Tuesday, October 25th. The transportation company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.03). GATX had a net margin of 13.25% and a return on equity of 10.98%. The business had revenue of $321.00 million for the quarter, compared to the consensus estimate of $321.66 million. Analysts forecast that GATX will post 5.94 EPS for the current fiscal year.

Insider Transactions at GATX

In other news, SVP Aken Jennifer Van sold 760 shares of the firm’s stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $111.38, for a total transaction of $84,648.80. Following the completion of the sale, the senior vice president now owns 4,830 shares in the company, valued at approximately $537,965.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Deborah A. Golden sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $105.47, for a total transaction of $263,675.00. Following the completion of the sale, the executive vice president now owns 8,448 shares in the company, valued at approximately $891,010.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Aken Jennifer Van sold 760 shares of the firm’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $111.38, for a total transaction of $84,648.80. Following the completion of the transaction, the senior vice president now directly owns 4,830 shares of the company’s stock, valued at $537,965.40. The disclosure for this sale can be found here. Insiders sold a total of 4,160 shares of company stock worth $440,313 in the last quarter. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in GATX by 4.1% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,691 shares of the transportation company’s stock worth $229,000 after buying an additional 106 shares during the period. Park Avenue Securities LLC boosted its holdings in GATX by 2.8% in the 3rd quarter. Park Avenue Securities LLC now owns 3,953 shares of the transportation company’s stock worth $337,000 after buying an additional 107 shares during the period. Quent Capital LLC boosted its holdings in GATX by 9.0% in the 3rd quarter. Quent Capital LLC now owns 1,307 shares of the transportation company’s stock worth $111,000 after buying an additional 108 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in GATX by 2.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 4,490 shares of the transportation company’s stock worth $554,000 after buying an additional 114 shares during the period. Finally, Brown Advisory Inc. boosted its holdings in GATX by 1.1% in the 3rd quarter. Brown Advisory Inc. now owns 10,866 shares of the transportation company’s stock worth $925,000 after buying an additional 118 shares during the period. 99.10% of the stock is owned by institutional investors.

GATX Company Profile

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GATX Corp. engages in leasing and owning railcar and fleets in North America, Europe and Asia. It operates through the following segments: Rail North America, Rail International and Portfolio Management. The Rail North America segment provides railcars pursuant to full-service leases under which it maintains the railcars and provides other ancillary services.

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