GATX (NYSE:GATX) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of GATX (NYSE:GATX) in a research note published on Monday morning, MarketBeat reports. The firm issued a buy rating and a $185.00 price objective on the transportation company’s stock.

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

GATX Stock Up 1.2 %

GATX stock opened at $154.26 on Monday. The stock has a market cap of $5.48 billion, a PE ratio of 20.62 and a beta of 0.95. 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 stock’s fifty day moving average is $139.63 and its two-hundred day moving average is $137.24. GATX has a 1-year low of $106.92 and a 1-year high of $156.03.

GATX (NYSE:GATX) last released its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.54. The firm had revenue of $405.40 million for the quarter, compared to the consensus estimate of $391.65 million. GATX had a return on equity of 11.98% and a net margin of 17.76%. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 EPS. On average, sell-side analysts expect that GATX will post 7.6 EPS for the current fiscal year.

GATX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Friday, December 13th. GATX’s dividend payout ratio is presently 31.02%.

Insider Activity at GATX

In related news, major shareholder Farm Mutual Automobile I. State purchased 8,984 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $442,688,093.10. This represents a 0.27 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.99% of the company’s stock.

Institutional Trading of GATX

A number of large investors have recently added to or reduced their stakes in GATX. Kingswood Wealth Advisors LLC boosted its holdings in shares of GATX by 89.2% in the second quarter. Kingswood Wealth Advisors LLC now owns 8,273 shares of the transportation company’s stock worth $1,095,000 after buying an additional 3,900 shares during the period. Natixis Advisors LLC boosted its stake in GATX by 2.2% in 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. Vaughan Nelson Investment Management L.P. grew its position in GATX by 6.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 347,451 shares of the transportation company’s stock worth $45,989,000 after purchasing an additional 20,985 shares in the last quarter. American Century Companies Inc. raised its stake in GATX by 16.9% during 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 period. Finally, Atria Investments Inc acquired a new stake in shares of GATX in the first quarter worth $1,747,000. 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.