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

Key Points

• Susquehanna raised its GATX price target to $220 from $218 and maintained a positive rating, implying 15.39% upside from the current share price.
• Analyst sentiment remains favorable: GATX has a consensus Buy rating and an average price target of $219.33.
• GATX reported quarterly EPS of $2.92, beating the $2.46 estimate, while revenue rose 36.1% year over year to $598 million.

GATX (NYSE:GATX - Get Free Report) had its price target raised by equities researchers at Susquehanna from $218.00 to $220.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a "positive" rating on the transportation company's stock. Susquehanna's price objective would indicate a potential upside of 15.39% from the stock's current price.

Several other analysts have also issued reports on GATX. Weiss Ratings cut shares of GATX from a "buy (b)" rating to a "buy (b-)" rating in a research note on Wednesday, October 21st. Citigroup boosted their price objective on shares of GATX from $215.00 to $216.00 and gave the stock a "buy" rating in a research note on Thursday, October 8th. Four investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $219.33.

GATX Stock Up 2.6%

NYSE:GATX opened at $190.65 on Thursday. The firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of 17.61 and a beta of 1.19. GATX has a twelve month low of $150.42 and a twelve month high of $205.56. The stock's 50 day moving average price is $174.30 and its two-hundred day moving average price is $179.05. The company has a quick ratio of 3.90, a current ratio of 2.38 and a debt-to-equity ratio of 3.37.

GATX (NYSE:GATX - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The transportation company reported $2.92 EPS for the quarter, beating the consensus estimate of $2.46 by $0.46. GATX had a return on equity of 10.62% and a net margin of 17.69%. The company had revenue of $598.00 million during the quarter, compared to the consensus estimate of $592.66 million. During the same quarter in the prior year, the firm posted $2.25 EPS. The firm's revenue for the quarter was up 36.1% compared to the same quarter last year. Equities research analysts expect that GATX will post 10.30 earnings per share for the current fiscal year.

Insider Buying and Selling at GATX

In other news, VP Geoffrey Phillips sold 2,500 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $177.60, for a total value of $444,000.00. Following the transaction, the vice president directly owned 1 shares of the company's stock, valued at $177.60. This represents a 99.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Eren Doygun sold 1,000 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $179.52, for a total transaction of $179,520.00. Following the completion of the transaction, the senior vice president directly owned 5,323 shares in the company, valued at $955,584.96. The trade was a 15.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.86% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its holdings in GATX by 141.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 30,522 shares of the transportation company's stock valued at $5,155,000 after purchasing an additional 17,895 shares during the period. Beverly Hills Private Wealth LLC bought a new position in shares of GATX during the third quarter worth approximately $201,000. Ethic Inc. increased its holdings in shares of GATX by 63.0% during the third quarter. Ethic Inc. now owns 5,443 shares of the transportation company's stock worth $925,000 after purchasing an additional 2,103 shares during the period. Kestra Advisory Services LLC increased its holdings in shares of GATX by 6.5% during the third quarter. Kestra Advisory Services LLC now owns 1,792 shares of the transportation company's stock worth $305,000 after purchasing an additional 110 shares during the period. Finally, Verity Asset Management Inc. raised its position in shares of GATX by 2.4% in the third quarter. Verity Asset Management Inc. now owns 9,845 shares of the transportation company's stock valued at $1,674,000 after buying an additional 228 shares in the last quarter. Institutional investors and hedge funds 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.

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