GATX (NYSE:GATX) Shares Gap Up Following Analyst Upgrade

GATX Co. (NYSE:GATX)’s share price gapped up before the market opened on Tuesday after Susquehanna raised their price target on the stock from $122.00 to $140.00. The stock had previously closed at $131.03, but opened at $138.89. Susquehanna currently has a neutral rating on the stock. GATX shares last traded at $135.03, with a volume of 11,023 shares.

Insider Buying and Selling

In other news, major shareholder Farm Mutual Automobile I. State bought 8,984 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The stock was acquired at an average price of $133.65 per share, for a total transaction of $1,200,711.60. Following the acquisition, the insider now owns 3,312,294 shares of the company’s stock, valued at $442,688,093.10. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of GATX by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,917,862 shares of the transportation company’s stock valued at $471,005,000 after buying an additional 14,420 shares during the last quarter. Quadrature Capital Ltd boosted its stake in GATX by 3.1% during the fourth quarter. Quadrature Capital Ltd now owns 2,969 shares of the transportation company’s stock valued at $357,000 after buying an additional 90 shares in the last quarter. CWM LLC grew its stake in shares of GATX by 155.7% in the 1st quarter. CWM LLC now owns 335 shares of the transportation company’s stock worth $45,000 after purchasing an additional 204 shares during the last quarter. Mather Group LLC. acquired a new position in GATX in the first quarter worth approximately $54,000. Finally, First Bank & Trust acquired a new position in shares of GATX in the 1st quarter worth $211,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Trading Up 3.0 %

The company has a fifty day simple moving average of $135.82 and a 200-day simple moving average of $134.58. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 3.52. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 18.67 and a beta of 0.95.

GATX (NYSE:GATX) last issued its earnings results on Tuesday, July 23rd. The transportation company reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). GATX had a net margin of 15.86% and a return on equity of 10.61%. The business had revenue of $386.70 million during the quarter, compared to analyst estimates of $385.45 million. During the same quarter in the prior year, the company earned $1.73 EPS. GATX’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, research analysts forecast that GATX Co. will post 7.5 earnings per share for the current fiscal year.

GATX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.58 per share. The ex-dividend date was Friday, September 13th. This represents a $2.32 annualized dividend and a dividend yield of 1.72%. GATX’s dividend payout ratio is 33.05%.

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.