Allianz Asset Management GmbH Acquires 17,836 Shares of GATX Corporation $GATX

Allianz Asset Management GmbH lifted its holdings in GATX Corporation (NYSE:GATX) by 236.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 25,370 shares of the transportation company’s stock after purchasing an additional 17,836 shares during the quarter. Allianz Asset Management GmbH’s holdings in GATX were worth $4,435,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of GATX. Hantz Financial Services Inc. lifted its stake in GATX by 434.3% in the second quarter. Hantz Financial Services Inc. now owns 187 shares of the transportation company’s stock valued at $29,000 after buying an additional 152 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of GATX by 61.3% during the third quarter. Jones Financial Companies Lllp now owns 221 shares of the transportation company’s stock worth $39,000 after acquiring an additional 84 shares in the last quarter. Bayforest Capital Ltd raised its holdings in shares of GATX by 219.0% during the second quarter. Bayforest Capital Ltd now owns 370 shares of the transportation company’s stock worth $57,000 after acquiring an additional 254 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in GATX in the 2nd quarter valued at $65,000. Finally, Mather Group LLC. acquired a new position in GATX in the 3rd quarter worth $72,000. 93.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Aken Jennifer Van sold 1,800 shares of GATX stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $164.15, for a total value of $295,470.00. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.17% of the stock is currently owned by corporate insiders.

GATX Trading Up 0.2%

NYSE GATX opened at $189.47 on Wednesday. GATX Corporation has a 12 month low of $139.44 and a 12 month high of $191.44. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 3.26. The stock has a 50 day moving average of $176.09 and a 200-day moving average of $167.77. The company has a market cap of $6.76 billion, a PE ratio of 22.13 and a beta of 1.19.

Analyst Upgrades and Downgrades

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

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.