GATX (NYSE:GATX) Shares Pass Above 200-Day Moving Average – What’s Next?

GATX Corporation (NYSE:GATX) shares crossed 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 Analyst Weigh In

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

GATX Price Performance

The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.91 and a current ratio of 3.91. The company has a 50-day simple moving average of $179.94 and a 200-day simple moving average of $179.64. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 18.48 and a beta of 1.17.

GATX (NYSE:GATX) last posted its quarterly earnings results on Thursday, May 7th. The transportation company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.28 by $0.07. GATX had a return on equity of 10.31% and a net margin of 17.88%.The business had revenue of $583.70 million during the quarter, compared to analysts’ expectations of $599.76 million. During the same period last year, the firm earned $2.15 EPS. The company’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, research analysts predict that GATX Corporation will post 9.8 earnings per share for the current year.

GATX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.66 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.64 dividend on an annualized basis and a yield of 1.5%. GATX’s dividend payout ratio (DPR) is 28.33%.

Hedge Funds Weigh In On GATX

A number of institutional investors and hedge funds have recently made changes to their positions in GATX. Bank of America Corp DE increased its holdings in shares of GATX by 0.8% in the 1st quarter. Bank of America Corp DE now owns 1,005,419 shares of the transportation company’s stock valued at $171,665,000 after purchasing an additional 7,867 shares in the last quarter. Amundi boosted its holdings in GATX by 100.6% during the first quarter. Amundi now owns 8,828 shares of the transportation company’s stock worth $1,507,000 after buying an additional 4,428 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in GATX by 18.5% during the first quarter. EverSource Wealth Advisors LLC now owns 832 shares of the transportation company’s stock worth $142,000 after buying an additional 130 shares during the period. California State Teachers Retirement System increased its holdings in GATX by 17.3% in the first quarter. California State Teachers Retirement System now owns 37,587 shares of the transportation company’s stock valued at $6,418,000 after buying an additional 5,536 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of GATX by 45.3% during the 1st quarter. Empowered Funds LLC now owns 2,421 shares of the transportation company’s stock valued at $413,000 after acquiring an additional 755 shares during the period. 93.14% of the stock is owned by institutional investors and hedge funds.

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.