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

The Goldman Sachs Group began coverage on shares of GATX (NYSE:GATX - Free Report) in a report published on Monday, MarketBeat.com reports. The brokerage issued a buy rating and a $185.00 target price on the transportation company's stock.

Separately, Susquehanna increased their price objective on GATX from $122.00 to $140.00 and gave the stock a "neutral" rating in a report on Monday, October 21st.

GATX Stock Up 0.5 %

GATX stock traded up $0.80 during trading hours on Monday, hitting $152.33. The company's stock had a trading volume of 156,068 shares, compared to its average volume of 151,228. The company has a market capitalization of $5.41 billion, a PE ratio of 20.26 and a beta of 0.95. GATX has a 12 month low of $106.92 and a 12 month high of $156.03. 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 stock has a 50 day moving average price of $138.40 and a two-hundred day moving average price of $136.76.

GATX (NYSE:GATX - Get Free Report) last announced its 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. GATX had a net margin of 17.76% and a return on equity of 11.98%. The company had revenue of $405.40 million for the quarter, compared to analyst estimates of $391.65 million. During the same period in the prior year, the business earned $1.44 earnings per share. GATX's quarterly revenue was up 12.6% on a year-over-year basis. On average, equities research analysts expect that GATX will post 7.6 earnings per share for the current year.

GATX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.58 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.52%. GATX's payout ratio is presently 31.02%.

Insider Buying and Selling

In other GATX news, major shareholder Farm Mutual Automobile I. State acquired 8,984 shares of GATX stock in a transaction that occurred 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 directly owns 3,312,294 shares in the company, valued at $442,688,093.10. This trade represents a 0.27 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in shares of GATX by 1.5% in the third 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 last quarter. Public Employees Retirement System of Ohio raised its stake in GATX by 144.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,570 shares of the transportation company's stock valued at $208,000 after acquiring an additional 928 shares during the period. MML Investors Services LLC lifted its stake in shares of GATX by 4.2% during the 3rd quarter. MML Investors Services LLC now owns 10,983 shares of the transportation company's stock valued at $1,455,000 after buying an additional 441 shares in the last quarter. iSAM Funds UK Ltd purchased a new position in shares of GATX in the third quarter valued at $220,000. Finally, State Street Corp lifted its holdings in shares of GATX by 0.6% in the third quarter. State Street Corp now owns 1,294,895 shares of the transportation company's stock worth $171,509,000 after buying an additional 7,585 shares in the last quarter. 93.14% of the stock is owned by institutional investors.

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.