GATX (NYSE:GATX) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Shares of GATX Corporation (NYSE:GATX) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $165.72 and traded as high as $183.49. GATX shares last traded at $180.12, with a volume of 147,680 shares.

Wall Street Analysts Forecast Growth

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

GATX Stock Performance

The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 3.26. The firm has a market cap of $6.43 billion, a PE ratio of 21.04 and a beta of 1.16. The stock’s 50 day moving average price is $171.22 and its 200 day moving average price is $165.72.

GATX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders 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 payout ratio is currently 28.50%.

Insider Activity

In related news, SVP Aken Jennifer Van sold 1,800 shares of the firm’s stock in a transaction dated 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 filing with the SEC, which can be accessed through this link. Company insiders own 2.17% of the company’s stock.

Institutional Trading of GATX

Large investors have recently bought and sold shares of the company. Alliancebernstein L.P. boosted its position in GATX by 681.7% in the 3rd quarter. Alliancebernstein L.P. now owns 574,333 shares of the transportation company’s stock valued at $100,393,000 after buying an additional 500,857 shares during the last quarter. Norges Bank acquired a new position in shares of GATX in the second quarter worth about $58,621,000. Squarepoint Ops LLC boosted its holdings in GATX by 429.5% in the second quarter. Squarepoint Ops LLC now owns 187,835 shares of the transportation company’s stock valued at $28,844,000 after purchasing an additional 152,361 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in GATX by 52.7% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 434,415 shares of the transportation company’s stock valued at $66,709,000 after purchasing an additional 149,950 shares during the last quarter. Finally, Encompass Capital Advisors LLC acquired a new stake in GATX during the 2nd quarter valued at approximately $23,025,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

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.