GATX (NYSE:GATX) Reaches New 1-Year High – Time to Buy?

GATX Corporation (NYSE:GATX) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $186.69 and last traded at $184.1230, with a volume of 11786 shares trading hands. The stock had previously closed at $181.91.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Citigroup raised their price objective on GATX from $192.00 to $198.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. The Goldman Sachs Group reiterated a “buy” rating and issued a $204.00 price target on shares of GATX in a research note on Wednesday, January 14th. Susquehanna upped their price objective on shares of GATX from $192.00 to $212.00 and gave the stock a “positive” rating in a report on Monday, January 26th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of GATX in a report on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $204.67.

GATX Price Performance

The firm’s fifty day simple moving average is $172.77 and its 200-day simple moving average is $166.33. The firm has a market capitalization of $6.58 billion, a PE ratio of 21.55 and a beta of 1.19. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 3.26.

Insider Transactions at GATX

In other GATX news, SVP Aken Jennifer Van sold 1,800 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $164.15, for a total transaction of $295,470.00. Following the sale, the senior vice president directly owned 5,912 shares in the company, valued at approximately $970,454.80. This trade represents a 23.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.17% of the company’s stock.

Hedge Funds Weigh In On GATX

Hedge funds and other institutional investors have recently modified their holdings of the company. Larson Financial Group LLC lifted its holdings in GATX by 364.5% in the third quarter. Larson Financial Group LLC now owns 144 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 113 shares during the period. Community Bank N.A. purchased a new position in shares of GATX in the third quarter worth approximately $27,000. Ameriflex Group Inc. bought a new stake in GATX during the third quarter valued at approximately $27,000. Hantz Financial Services Inc. increased its holdings in GATX by 434.3% during the second quarter. Hantz Financial Services Inc. now owns 187 shares of the transportation company’s stock valued at $29,000 after buying an additional 152 shares during the last quarter. Finally, Elevation Wealth Partners LLC bought a new position in GATX in the fourth quarter worth approximately $32,000. 93.14% of the stock is owned by institutional investors.

GATX Company Profile

GATX Corporation (NYSE: GATX) is a global railcar leasing and asset management company headquartered in Chicago, Illinois. Founded in 1898 as General American Transportation Corporation, GATX has grown into one of the world’s leading lessors of railcars, marine vessels and industrial assets. The company’s core business focuses on leasing and managing high-value equipment for customers in the energy, industrial, chemical, agricultural and metals markets.

In its Rail North America segment, GATX owns and manages a diverse fleet of more than 60,000 railcars, including tank cars, covered hoppers, boxcars and flatcars.