Susquehanna Issues Positive Forecast for GATX (NYSE:GATX) Stock Price

Key Points

• Susquehanna has raised the target price for GATX stock from $190.00 to $192.00, indicating a potential upside of 15.01% from its previous close, and maintaining a "positive" rating.
• GATX reported earnings of $2.06 per share for the last quarter, surpassing analyst expectations, with a revenue of $430.50 million, compared to estimates of $425.52 million.
• The company's stock has been well-rated by several analysts, with a consensus rating of "Moderate Buy" and a consensus price target of $184.00.

GATX (NYSE:GATX - Get Free Report) had its target price raised by investment analysts at Susquehanna from $190.00 to $192.00 in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The firm presently has a "positive" rating on the transportation company's stock. Susquehanna's target price points to a potential upside of 15.01% from the company's previous close.

A number of other research analysts have also commented on GATX. Weiss Ratings reiterated a "buy (b)" rating on shares of GATX in a research note on Wednesday, October 8th. Citigroup initiated coverage on shares of GATX in a research note on Monday, September 22nd. They set a "buy" rating and a $201.00 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $184.00.

GATX Stock Performance

Shares of NYSE:GATX traded up $3.92 during trading hours on Wednesday, hitting $166.94. The stock had a trading volume of 7,038 shares, compared to its average volume of 176,801. The stock's fifty day simple moving average is $169.43 and its 200 day simple moving average is $157.59. GATX has a 1-year low of $136.81 and a 1-year high of $178.26. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 19.10 and a beta of 1.18. The company has a debt-to-equity ratio of 3.27, a quick ratio of 2.93 and a current ratio of 2.93.

GATX (NYSE:GATX - Get Free Report) last announced its quarterly 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. GATX had a net margin of 19.13% and a return on equity of 12.52%. The company had revenue of $430.50 million for the quarter, compared to analyst estimates of $425.52 million. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. Sell-side analysts anticipate that GATX will post 8.5 earnings per share for the current fiscal year.

Insider Buying and Selling at GATX

In other GATX news, SVP Kevin Hillesland sold 2,200 shares of GATX stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $152.59, for a total value of $335,698.00. Following the transaction, the senior vice president owned 7,606 shares in the company, valued at approximately $1,160,599.54. The trade was a 22.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Anne L. Arvia sold 979 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $165.35, for a total transaction of $161,877.65. Following the completion of the transaction, the director directly owned 33,077 shares of the company's stock, valued at $5,469,281.95. This represents a 2.87% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,914 shares of company stock worth $2,953,509. 2.17% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On GATX

A number of institutional investors have recently modified their holdings of GATX. J.W. Cole Advisors Inc. raised its holdings 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 valued at $219,000 after purchasing an additional 65 shares in the last quarter. Savant Capital LLC raised its holdings in GATX by 3.9% in the 2nd quarter. Savant Capital LLC now owns 1,799 shares of the transportation company's stock worth $276,000 after acquiring an additional 68 shares during the period. CWM LLC raised its holdings in GATX by 12.7% in the 1st quarter. CWM LLC now owns 621 shares of the transportation company's stock worth $96,000 after acquiring an additional 70 shares during the period. Thrivent Financial for Lutherans raised its holdings in GATX by 0.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 8,406 shares of the transportation company's stock worth $1,291,000 after acquiring an additional 73 shares during the period. Finally, State of Alaska Department of Revenue raised its holdings in GATX by 2.3% in the 1st quarter. State of Alaska Department of Revenue now owns 4,154 shares of the transportation company's stock worth $644,000 after acquiring an additional 95 shares during the period. Institutional investors and hedge funds 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.

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