Susquehanna Boosts GATX (NYSE:GATX) Price Target to $122.00

GATX (NYSE:GATX - Get Free Report) had its price objective lifted by equities researchers at Susquehanna from $120.00 to $122.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a "neutral" rating on the transportation company's stock. Susquehanna's price target would indicate a potential downside of 3.02% from the stock's previous close.

A number of other equities analysts have also recently issued reports on the company. TD Cowen raised their target price on GATX from $122.00 to $136.00 and gave the stock a "market perform" rating in a report on Wednesday, January 24th. Wells Fargo & Company boosted their target price on GATX from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, January 24th.

GATX Price Performance

Shares of NYSE:GATX traded down $0.32 during midday trading on Wednesday, reaching $125.80. The company's stock had a trading volume of 145,070 shares, compared to its average volume of 140,701. GATX has a fifty-two week low of $97.21 and a fifty-two week high of $135.65. The company has a market capitalization of $4.47 billion, a P/E ratio of 17.53 and a beta of 0.98. The company has a debt-to-equity ratio of 3.26, a current ratio of 2.79 and a quick ratio of 2.79. The business's fifty day simple moving average is $129.79 and its 200-day simple moving average is $119.97.

GATX (NYSE:GATX - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $2.01 earnings per share for the quarter, beating analysts' consensus estimates of $1.72 by $0.29. The company had revenue of $379.90 million during the quarter, compared to analyst estimates of $375.80 million. GATX had a return on equity of 11.81% and a net margin of 18.37%. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the company posted $2.20 earnings per share. As a group, equities research analysts expect that GATX will post 7.53 EPS for the current fiscal year.

Insider Transactions at GATX

In other news, SVP Kevin Hillesland sold 2,200 shares of the company's stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $133.83, for a total transaction of $294,426.00. Following the sale, the senior vice president now owns 7,711 shares in the company, valued at approximately $1,031,963.13. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, SVP Kevin Hillesland sold 2,200 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $133.83, for a total value of $294,426.00. Following the sale, the senior vice president now owns 7,711 shares in the company, valued at approximately $1,031,963.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Thomas A. Ellman sold 18,000 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $127.54, for a total value of $2,295,720.00. Following the completion of the sale, the chief financial officer now owns 35,429 shares in the company, valued at approximately $4,518,614.66. The disclosure for this sale can be found here. Insiders have sold a total of 39,694 shares of company stock worth $5,040,656 in the last 90 days. Corporate insiders own 1.99% of the company's stock.

Institutional Investors Weigh In On GATX

A number of large investors have recently added to or reduced their stakes in GATX. Orion Capital Management LLC acquired a new position in GATX in the 3rd quarter valued at $27,000. GAMMA Investing LLC acquired a new position in GATX in the 4th quarter valued at $32,000. McGlone Suttner Wealth Management Inc. acquired a new position in GATX in the 4th quarter valued at $36,000. Headinvest LLC acquired a new position in GATX in the 3rd quarter valued at $33,000. Finally, CWM LLC grew its holdings in GATX by 155.7% in the 1st quarter. CWM LLC now owns 335 shares of the transportation company's stock valued at $45,000 after buying an additional 204 shares in the last quarter. Institutional investors own 93.14% of the company's stock.

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.