Susquehanna Upgrades GATX (NYSE:GATX) to Positive

Key Points

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Susquehanna upgraded shares of GATX (NYSE:GATX - Free Report) from a neutral rating to a positive rating in a research report released on Monday, Marketbeat.com reports. They currently have $190.00 target price on the transportation company's stock.

Separately, The Goldman Sachs Group reissued a "buy" rating on shares of GATX in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, GATX currently has a consensus rating of "Moderate Buy" and an average target price of $177.67.

GATX Trading Up 3.8%

Shares of NYSE GATX traded up $6.0190 during mid-day trading on Monday, hitting $166.1990. The company's stock had a trading volume of 196,655 shares, compared to its average volume of 174,390. The company's fifty day simple moving average is $155.48 and its 200-day simple moving average is $154.15. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 19.02 and a beta of 1.18. GATX has a one year low of $127.69 and a one year high of $168.89. The company has a debt-to-equity ratio of 3.27, a current ratio of 2.93 and a quick ratio of 2.93.

GATX (NYSE:GATX - Get Free Report) last issued its earnings results on Tuesday, July 29th. The transportation company reported $2.06 EPS for the quarter, beating the consensus estimate of $1.95 by $0.11. The company had revenue of $430.50 million during the quarter, compared to analysts' expectations of $425.52 million. GATX had a net margin of 19.13% and a return on equity of 12.52%. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. On average, sell-side analysts anticipate that GATX will post 8.5 earnings per share for the current fiscal year.

GATX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.44 annualized dividend and a yield of 1.5%. GATX's payout ratio is 27.92%.

Insider Buying and Selling at GATX

In other GATX news, SVP Kevin Hillesland sold 2,200 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $152.59, for a total transaction of $335,698.00. Following the sale, the senior vice president directly owned 7,606 shares of the company's stock, valued at $1,160,599.54. The trade was a 22.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Jennifer Mcmanus sold 1,800 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $154.92, for a total transaction of $278,856.00. Following the completion of the sale, the vice president directly owned 3,468 shares in the company, valued at approximately $537,262.56. The trade was a 34.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,679 shares of company stock valued at $3,705,974. Corporate insiders own 2.17% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. J.W. Cole Advisors Inc. grew its position in shares of GATX by 4.8% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 1,429 shares of the transportation company's stock worth $219,000 after purchasing an additional 65 shares in the last quarter. Savant Capital LLC grew its position in shares of GATX by 3.9% during the 2nd quarter. Savant Capital LLC now owns 1,799 shares of the transportation company's stock worth $276,000 after purchasing an additional 68 shares in the last quarter. CWM LLC grew its position in shares of GATX by 12.7% during the 1st quarter. CWM LLC now owns 621 shares of the transportation company's stock worth $96,000 after purchasing an additional 70 shares in the last quarter. State of Alaska Department of Revenue grew its position in shares of GATX by 2.3% during the 1st quarter. State of Alaska Department of Revenue now owns 4,154 shares of the transportation company's stock worth $644,000 after purchasing an additional 95 shares in the last quarter. Finally, State of Michigan Retirement System grew its position in shares of GATX by 1.2% during the 1st quarter. State of Michigan Retirement System now owns 8,512 shares of the transportation company's stock worth $1,322,000 after purchasing an additional 100 shares in the last quarter. 93.14% of the stock is owned by institutional investors.

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.