GATX (NYSE:GATX) Reaches New 52-Week High Following Better-Than-Expected Earnings

GATX Co. (NYSE:GATX) shares reached a new 52-week high during trading on Friday following a better than expected earnings announcement. The company traded as high as $167.83 and last traded at $167.66, with a volume of 216047 shares. The stock had previously closed at $161.43.

The transportation company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.25. GATX had a return on equity of 11.98% and a net margin of 17.76%. During the same quarter in the previous year, the business posted $1.74 EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Susquehanna upped their price target on GATX from $122.00 to $140.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. The Goldman Sachs Group assumed coverage on GATX in a report on Monday, November 18th. They issued a “buy” rating and a $185.00 price target on the stock. Finally, Sidoti cut GATX from a “buy” rating to a “neutral” rating and set a $158.00 price target on the stock. in a report on Wednesday, December 4th.

Institutional Investors Weigh In On GATX

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp lifted its stake in shares of GATX by 0.6% during the 3rd quarter. State Street Corp now owns 1,294,895 shares of the transportation company’s stock worth $171,509,000 after purchasing an additional 7,585 shares during the period. Geode Capital Management LLC lifted its stake in shares of GATX by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 849,603 shares of the transportation company’s stock worth $112,550,000 after purchasing an additional 12,571 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of GATX by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 474,729 shares of the transportation company’s stock worth $62,878,000 after purchasing an additional 17,255 shares during the period. Natixis Advisors LLC lifted its stake in shares of GATX by 2.2% during the 3rd quarter. Natixis Advisors LLC now owns 167,651 shares of the transportation company’s stock worth $22,206,000 after purchasing an additional 3,580 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of GATX by 19.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 92,861 shares of the transportation company’s stock worth $12,299,000 after purchasing an additional 15,092 shares during the period. Hedge funds and other institutional investors own 93.14% of the company’s stock.

GATX Stock Up 3.9 %

The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 3.41. The firm has a market capitalization of $5.95 billion, a PE ratio of 22.41 and a beta of 0.99. The firm has a 50-day moving average of $157.80 and a two-hundred day moving average of $145.28.

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.