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

GATX Co. (NYSE:GATX - Get Free Report)'s share price 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 changing hands.

Insider Buying and Selling

In other news, major shareholder Farm Mutual Automobile I. State bought 8,984 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 3,312,294 shares of the company's stock, valued at approximately $442,688,093.10. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On GATX

Several large investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its stake in GATX by 25.7% during the third quarter. Blue Trust Inc. now owns 4,412 shares of the transportation company's stock worth $584,000 after acquiring an additional 903 shares during the last quarter. nVerses Capital LLC bought a new stake in GATX during the third quarter worth approximately $146,000. Wolff Wiese Magana LLC bought a new stake in GATX during the third quarter worth approximately $28,000. Creative Planning increased its stake in GATX by 0.8% during the third quarter. Creative Planning now owns 28,076 shares of the transportation company's stock worth $3,719,000 after acquiring an additional 218 shares during the last quarter. Finally, CWM LLC increased its stake in GATX by 20.2% during the third quarter. CWM LLC now owns 487 shares of the transportation company's stock worth $65,000 after acquiring an additional 82 shares during the last quarter. 93.14% of the stock is owned by institutional investors.

GATX Stock Performance

The stock has a market cap of $4.98 billion, a P/E ratio of 19.91 and a beta of 0.95. The business has a 50 day moving average price of $135.82 and a 200 day moving average price of $134.58. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 3.52.

GATX (NYSE:GATX - Get Free Report) last released its earnings results on Tuesday, July 23rd. The transportation company reported $1.43 EPS for the quarter, missing analysts' consensus estimates of $1.82 by ($0.39). The business had revenue of $386.70 million for the quarter, compared to the consensus estimate of $385.45 million. GATX had a net margin of 15.86% and a return on equity of 10.61%. The company's quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.73 EPS. As a group, sell-side analysts expect that GATX Co. will post 7.5 EPS for the current year.

GATX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $0.58 per share. The ex-dividend date was Friday, September 13th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.66%. GATX's dividend 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.