GATX (NYSE:GATX) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of GATX Corporation (NYSE:GATX) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $162.59 and traded as high as $172.97. GATX shares last traded at $171.9420, with a volume of 125,267 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Citigroup lifted their price target on GATX from $191.00 to $192.00 and gave the stock a “buy” rating in a report on Monday, November 24th. Susquehanna raised their target price on GATX from $190.00 to $192.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, GATX has a consensus rating of “Buy” and an average target price of $192.00.

GATX Stock Performance

The company has a debt-to-equity ratio of 3.26, a current ratio of 3.81 and a quick ratio of 3.81. The company has a 50 day simple moving average of $162.50 and a 200-day simple moving average of $162.64. The stock has a market capitalization of $6.06 billion, a P/E ratio of 19.81 and a beta of 1.17.

GATX (NYSE:GATX) last announced its quarterly earnings data on Tuesday, October 21st. The transportation company reported $2.10 earnings per share for the quarter, missing the consensus estimate of $2.32 by ($0.22). The firm had revenue of $439.30 million during the quarter, compared to analysts’ expectations of $435.21 million. GATX had a return on equity of 11.62% and a net margin of 18.35%.The company’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business posted $2.43 EPS. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. On average, equities analysts forecast that GATX Corporation will post 8.5 EPS for the current year.

GATX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, December 15th. GATX’s dividend payout ratio is presently 28.50%.

Insiders Place Their Bets

In related news, SVP Aken Jennifer Van sold 1,800 shares of GATX stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $164.15, for a total value of $295,470.00. Following the completion of the transaction, the senior vice president directly owned 5,912 shares in the company, valued at approximately $970,454.80. The trade was a 23.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.17% of the company’s stock.

Institutional Trading of GATX

Several institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in shares of GATX by 13.3% in the third quarter. JPMorgan Chase & Co. now owns 205,898 shares of the transportation company’s stock worth $35,991,000 after purchasing an additional 24,239 shares during the period. Swiss Life Asset Management Ltd bought a new stake in GATX during the third quarter valued at $281,000. CIBC Bancorp USA Inc. purchased a new position in GATX during the third quarter worth about $669,000. Danske Bank A S bought a new position in GATX in the 3rd quarter worth about $87,000. Finally, Advisory Services Network LLC purchased a new stake in shares of GATX in the 3rd quarter valued at about $123,000. 93.14% of the stock is currently owned by hedge funds and other 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.