GATX (NYSE:GATX) Coverage Initiated by Analysts at The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of GATX (NYSE:GATX) in a research note released on Monday, Marketbeat.com reports. The firm issued a buy rating and a $185.00 price target on the transportation company’s stock.

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

GATX Trading Up 3.1 %

GATX stock opened at $159.00 on Monday. GATX has a 52-week low of $106.92 and a 52-week high of $160.06. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 3.41. The firm has a market cap of $5.64 billion, a P/E ratio of 21.26 and a beta of 0.95. The company’s 50-day simple moving average is $139.63 and its 200-day simple moving average is $137.24.

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

GATX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Friday, December 13th. GATX’s dividend payout ratio is presently 31.02%.

Insider Buying and Selling

In related news, major shareholder Farm Mutual Automobile I. State acquired 8,984 shares of the stock in a transaction on Wednesday, October 9th. The shares were bought at an average price of $133.65 per share, with a total value of $1,200,711.60. Following the completion of the purchase, the insider now owns 3,312,294 shares of the company’s stock, valued at approximately $442,688,093.10. This represents a 0.27 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On GATX

A number of hedge funds have recently modified their holdings of GATX. Gradient Investments LLC acquired a new position in GATX during the 2nd quarter worth about $25,000. Wolff Wiese Magana LLC acquired a new stake in shares of GATX during the third quarter worth about $28,000. Quarry LP acquired a new stake in shares of GATX during the second quarter worth about $37,000. Canada Pension Plan Investment Board purchased a new position in shares of GATX in the second quarter valued at approximately $53,000. Finally, CWM LLC grew its holdings in shares of GATX by 20.2% in the third quarter. CWM LLC now owns 487 shares of the transportation company’s stock valued at $65,000 after purchasing an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

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.