Rhumbline Advisers Decreases Stake in GATX Corporation $GATX

Rhumbline Advisers cut its position in GATX Corporation (NYSE:GATX) by 3.4% during the third quarter, HoldingsChannel reports. The firm owned 116,485 shares of the transportation company’s stock after selling 4,157 shares during the quarter. Rhumbline Advisers’ holdings in GATX were worth $20,362,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of GATX. Charter Capital Management LLC DE acquired a new position in shares of GATX during the third quarter worth $515,000. JPMorgan Chase & Co. boosted its position in shares of GATX by 5.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 181,659 shares of the transportation company’s stock worth $27,896,000 after acquiring an additional 9,667 shares in the last quarter. Edgestream Partners L.P. purchased a new position in shares of GATX in the 2nd quarter valued at about $2,244,000. Connor Clark & Lunn Investment Management Ltd. raised its position 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 in the last quarter. Finally, AlphaQuest LLC lifted its stake in GATX by 2,010.2% during the second quarter. AlphaQuest LLC now owns 2,891 shares of the transportation company’s stock worth $444,000 after purchasing an additional 2,754 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

GATX Stock Up 0.9%

GATX stock opened at $191.94 on Tuesday. The company has a market cap of $6.85 billion, a price-to-earnings ratio of 22.42 and a beta of 1.19. The company has a fifty day moving average price of $178.10 and a 200 day moving average price of $168.82. The company has a debt-to-equity ratio of 3.26, a current ratio of 3.81 and a quick ratio of 3.81. GATX Corporation has a 12 month low of $139.44 and a 12 month high of $192.88.

Insider Activity at GATX

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 transaction, the senior vice president owned 5,912 shares of the company’s stock, valued at $970,454.80. This trade represents a 23.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.17% 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.