GATX Co. (NYSE:GATX – Get Free Report)’s share price reached a new 52-week high on Friday after the company announced better than expected quarterly earnings. The company traded as high as $167.83 and last traded at $167.66, with a volume of 216047 shares traded. The stock had previously closed at $161.43.
The transportation company reported $1.93 EPS for the quarter, beating 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 period in the prior year, the business earned $1.74 EPS.
Wall Street Analysts Forecast Growth
GATX has been the topic of several recent analyst reports. The Goldman Sachs Group began coverage on shares of GATX in a research report on Monday, November 18th. They set a “buy” rating and a $185.00 price objective on the stock. Susquehanna lifted their price target on shares of GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Finally, Sidoti cut shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 price target on the stock. in a research note on Wednesday, December 4th.
Hedge Funds Weigh In On GATX
Institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC purchased a new position in shares of GATX in the 3rd quarter worth approximately $3,922,000. Creative Planning boosted its stake in GATX by 396.5% during the second quarter. Creative Planning now owns 27,858 shares of the transportation company’s stock worth $3,687,000 after buying an additional 22,247 shares during the period. Citigroup Inc. increased its position in GATX by 209.7% during the third quarter. Citigroup Inc. now owns 29,602 shares of the transportation company’s stock valued at $3,921,000 after acquiring an additional 20,045 shares during the last quarter. NFJ Investment Group LLC purchased a new stake in shares of GATX in the third quarter valued at $2,479,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of GATX by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 474,729 shares of the transportation company’s stock worth $62,878,000 after acquiring an additional 17,255 shares during the last quarter. Institutional investors own 93.14% of the company’s stock.
GATX Stock Performance
The stock has a market capitalization of $5.95 billion, a PE ratio of 22.41 and a beta of 0.99. The business’s 50 day moving average is $157.80 and its 200 day moving average is $145.22. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 3.41.
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.
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