GATX (NYSE:GATX) Stock Passes Above 200 Day Moving Average – Here’s What Happened

GATX Corporation (NYSE:GATX) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $179.57 and traded as high as $180.86. GATX shares last traded at $178.3190, with a volume of 304,447 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GATX shares. Citigroup upgraded GATX from a “neutral” rating to a “buy” rating and upped their target price for the stock from $210.00 to $211.00 in a report on Wednesday, April 8th. Weiss Ratings restated a “buy (b)” rating on shares of GATX in a research note on Tuesday, April 21st. The Goldman Sachs Group restated a “buy” rating and issued a $222.00 price target on shares of GATX in a research note on Thursday, May 7th. Finally, Susquehanna lowered their price target on GATX from $220.00 to $218.00 and set a “positive” rating on the stock in a research report on Friday, May 8th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $217.00.

GATX Trading Down 2.2%

The business’s 50-day moving average price is $180.38 and its 200 day moving average price is $179.57. The company has a market cap of $6.33 billion, a P/E ratio of 19.13 and a beta of 1.17. The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.91 and a current ratio of 3.91.

GATX (NYSE:GATX) last issued its earnings results on Thursday, May 7th. The transportation company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.07. GATX had a net margin of 17.88% and a return on equity of 10.31%. The company had revenue of $583.70 million for the quarter, compared to analysts’ expectations of $599.76 million. During the same period in the prior year, the firm earned $2.15 EPS. GATX’s quarterly revenue was up 38.4% compared to the same quarter last year. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. As a group, analysts expect that GATX Corporation will post 9.8 earnings per share for the current year.

GATX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, June 15th. GATX’s payout ratio is currently 28.33%.

Institutional Investors Weigh In On GATX

Several hedge funds have recently added to or reduced their stakes in GATX. Larson Financial Group LLC boosted its position in GATX by 364.5% during the third quarter. Larson Financial Group LLC now owns 144 shares of the transportation company’s stock worth $25,000 after purchasing an additional 113 shares during the period. Community Bank N.A. bought a new position in shares of GATX in the third quarter valued at about $27,000. Ameriflex Group Inc. acquired a new stake in shares of GATX during the 3rd quarter worth about $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of GATX during the 4th quarter worth about $27,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of GATX during the 4th quarter worth about $27,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

About GATX

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.