The Goldman Sachs Group Begins Coverage on GATX (NYSE:GATX)

Stock analysts at The Goldman Sachs Group started coverage on shares of GATX (NYSE:GATX) in a report issued on Monday, Marketbeat reports. The firm set a “buy” rating and a $185.00 price target on the transportation company’s stock. The Goldman Sachs Group’s price objective points to a potential upside of 21.42% from the stock’s current price.

Separately, Susquehanna increased their price objective on shares of GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a research note on Monday, October 21st.

GATX Trading Up 0.0 %

NYSE GATX opened at $152.36 on Monday. GATX has a 12 month low of $106.92 and a 12 month high of $156.03. The company has a debt-to-equity ratio of 3.41, a current ratio of 3.41 and a quick ratio of 3.41. The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of 20.37 and a beta of 0.95. The company’s fifty day moving average price is $139.21 and its two-hundred day moving average price is $137.12.

GATX (NYSE:GATX) last posted its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.54. GATX had a net margin of 17.76% and a return on equity of 11.98%. The firm had revenue of $405.40 million for the quarter, compared to the consensus estimate of $391.65 million. During the same period in the prior year, the firm posted $1.44 EPS. The firm’s revenue was up 12.6% compared to the same quarter last year. As a group, research analysts predict that GATX will post 7.6 earnings per share for the current fiscal year.

Insider Transactions at GATX

In other GATX news, major shareholder Farm Mutual Automobile I. State purchased 8,984 shares of GATX stock in a transaction dated Wednesday, October 9th. The shares were bought at an average cost of $133.65 per share, for a total transaction of $1,200,711.60. Following the transaction, the insider now owns 3,312,294 shares in the company, valued at $442,688,093.10. This represents a 0.27 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.99% of the company’s stock.

Institutional Trading of GATX

Several hedge funds have recently bought and sold shares of GATX. American Century Companies Inc. lifted its position in GATX by 16.9% in the 2nd quarter. American Century Companies Inc. now owns 831,625 shares of the transportation company’s stock valued at $110,074,000 after purchasing an additional 120,149 shares during the last quarter. Earnest Partners LLC lifted its position in GATX by 2.7% in the 1st quarter. Earnest Partners LLC now owns 3,049,841 shares of the transportation company’s stock valued at $408,770,000 after purchasing an additional 80,087 shares during the last quarter. Sei Investments Co. lifted its position in GATX by 4.9% in the 2nd quarter. Sei Investments Co. now owns 869,643 shares of the transportation company’s stock valued at $115,106,000 after purchasing an additional 40,924 shares during the last quarter. International Assets Investment Management LLC bought a new stake in GATX in the 3rd quarter valued at about $3,922,000. Finally, AE Wealth Management LLC lifted its position in GATX by 46.4% in the 2nd quarter. AE Wealth Management LLC now owns 71,366 shares of the transportation company’s stock valued at $9,446,000 after purchasing an additional 22,619 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors.

GATX Company Profile

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.