GATX (NYSE:GATX) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

GATX Corporation (NYSE:GATX)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $167.77 and traded as high as $190.57. GATX shares last traded at $189.4690, with a volume of 114,238 shares traded.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. 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. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $204.00 price target on shares of GATX in a research note on Wednesday, January 14th. Citigroup raised their price objective on shares of GATX from $192.00 to $198.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $204.67.

GATX Price Performance

The company has a market cap of $6.76 billion, a P/E ratio of 22.13 and a beta of 1.19. The company has a fifty day simple moving average of $176.09 and a 200-day simple moving average of $167.77. The company has a debt-to-equity ratio of 3.26, a current ratio of 3.81 and a quick ratio of 3.81.

Insider Buying and Selling at GATX

In other news, SVP Aken Jennifer Van sold 1,800 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $164.15, for a total transaction of $295,470.00. Following the sale, the senior vice president owned 5,912 shares in the company, valued at $970,454.80. The trade was a 23.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.17% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC boosted its stake in shares of GATX by 364.5% during the 3rd quarter. Larson Financial Group LLC now owns 144 shares of the transportation company’s stock valued at $25,000 after buying an additional 113 shares during the period. Community Bank N.A. acquired a new stake in GATX during the third quarter valued at $27,000. Ameriflex Group Inc. purchased a new position in GATX in the third quarter valued at about $27,000. Rothschild Investment LLC increased its position in GATX by 127.6% in the 4th quarter. Rothschild Investment LLC now owns 173 shares of the transportation company’s stock worth $29,000 after purchasing an additional 97 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its stake in shares of GATX by 434.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 187 shares of the transportation company’s stock worth $29,000 after purchasing an additional 152 shares in the last quarter. 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.