GATX Corporation $GATX Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its position in shares of GATX Corporation (NYSE:GATX) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,485 shares of the transportation company’s stock after selling 4,157 shares during the quarter. Rhumbline Advisers owned approximately 0.33% of GATX worth $20,362,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charter Capital Management LLC DE acquired a new stake in shares of GATX in the third quarter valued at approximately $515,000. JPMorgan Chase & Co. grew its holdings in GATX by 5.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 181,659 shares of the transportation company’s stock valued at $27,896,000 after buying an additional 9,667 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of GATX in the 2nd quarter worth $2,244,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of GATX by 179.2% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,591 shares of the transportation company’s stock worth $2,701,000 after acquiring an additional 11,290 shares during the period. Finally, AlphaQuest LLC boosted its position in shares of GATX by 2,010.2% during the 2nd quarter. AlphaQuest LLC now owns 2,891 shares of the transportation company’s stock valued at $444,000 after acquiring an additional 2,754 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GATX shares. Susquehanna raised their price objective on shares of GATX from $192.00 to $212.00 and gave the stock a “positive” rating in a research report on Monday, January 26th. The Goldman Sachs Group restated a “buy” rating and set a $204.00 price target on shares of GATX in a report on Wednesday, January 14th. Citigroup upped their price objective on GATX from $192.00 to $198.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a research note on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, GATX has an average rating of “Buy” and an average price target of $204.67.

Insider Activity at GATX

In other news, SVP Aken Jennifer Van sold 1,800 shares of the company’s stock in a transaction on 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 owned 5,912 shares of the company’s stock, valued at approximately $970,454.80. This represents 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.

GATX Trading Up 0.9%

GATX opened at $191.94 on Tuesday. GATX Corporation has a 52 week low of $139.44 and a 52 week high of $192.88. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 3.26. The business has a fifty day simple moving average of $178.10 and a 200-day simple moving average of $168.82. The firm has a market cap of $6.85 billion, a P/E ratio of 22.42 and a beta of 1.19.

GATX 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.