GATX (NYSE:GATX) Shares Gap Up on Analyst Upgrade

Shares of GATX Co. (NYSE:GATX) gapped up prior to trading on Tuesday after Susquehanna raised their price target on the stock from $122.00 to $140.00. The stock had previously closed at $131.03, but opened at $138.89. Susquehanna currently has a neutral rating on the stock. GATX shares last traded at $135.03, with a volume of 11,023 shares traded.

Insider Transactions at GATX

In other news, major shareholder Farm Mutual Automobile I. State bought 8,984 shares of the stock in a transaction dated Wednesday, October 9th. The stock was bought at an average price of $133.65 per share, for a total transaction of $1,200,711.60. Following the purchase, the insider now directly owns 3,312,294 shares in the company, valued at $442,688,093.10. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GATX. Vanguard Group Inc. lifted its stake in shares of GATX by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 3,917,862 shares of the transportation company’s stock valued at $471,005,000 after purchasing an additional 14,420 shares during the period. Quadrature Capital Ltd raised its stake in GATX by 3.1% during the fourth quarter. Quadrature Capital Ltd now owns 2,969 shares of the transportation company’s stock valued at $357,000 after buying an additional 90 shares during the last quarter. CWM LLC raised its stake in GATX by 155.7% during the first quarter. CWM LLC now owns 335 shares of the transportation company’s stock valued at $45,000 after buying an additional 204 shares during the last quarter. First Bank & Trust purchased a new position in GATX during the first quarter valued at $211,000. Finally, Breakwater Capital Group purchased a new position in GATX during the first quarter valued at $201,000. Hedge funds and other institutional investors own 93.14% of the company’s stock.

GATX Stock Up 6.7 %

The stock has a 50 day simple moving average of $135.88 and a 200-day simple moving average of $134.63. The firm has a market cap of $4.98 billion, a PE ratio of 19.91 and a beta of 0.95. The company has a debt-to-equity ratio of 3.52, a current ratio of 4.97 and a quick ratio of 4.97.

GATX (NYSE:GATX) last announced its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). The company had revenue of $386.70 million for the quarter, compared to analysts’ expectations of $385.45 million. GATX had a net margin of 15.86% and a return on equity of 10.61%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.73 EPS. Sell-side analysts predict that GATX Co. will post 7.5 EPS for the current fiscal year.

GATX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Friday, September 13th. GATX’s payout ratio is 33.05%.

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.