Envestnet Asset Management Inc. Sells 3,387 Shares of GATX Corporation $GATX

Envestnet Asset Management Inc. reduced its stake in GATX Corporation (NYSE:GATX) by 1.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 197,681 shares of the transportation company’s stock after selling 3,387 shares during the period. Envestnet Asset Management Inc.’s holdings in GATX were worth $34,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of GATX. AQR Capital Management LLC grew its stake in GATX by 21.3% in the 1st quarter. AQR Capital Management LLC now owns 7,716 shares of the transportation company’s stock valued at $1,198,000 after buying an additional 1,357 shares during the last quarter. Millennium Management LLC grew its position in shares of GATX by 54.9% in the first quarter. Millennium Management LLC now owns 58,011 shares of the transportation company’s stock valued at $9,007,000 after purchasing an additional 20,569 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of GATX by 1.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 116,834 shares of the transportation company’s stock worth $18,141,000 after purchasing an additional 1,968 shares during the period. Jane Street Group LLC increased its stake in shares of GATX by 280.6% during the first quarter. Jane Street Group LLC now owns 53,690 shares of the transportation company’s stock worth $8,336,000 after purchasing an additional 39,582 shares during the period. Finally, KLP Kapitalforvaltning AS lifted its holdings in GATX by 6.0% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 7,100 shares of the transportation company’s stock worth $1,090,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Stock Performance

Shares of NYSE:GATX opened at $189.08 on Thursday. GATX Corporation has a 1 year low of $139.44 and a 1 year high of $191.75. The stock has a market capitalization of $6.75 billion, a price-to-earnings ratio of 22.09 and a beta of 1.19. The company has a debt-to-equity ratio of 3.26, a current ratio of 3.81 and a quick ratio of 3.81. The company’s 50 day simple moving average is $176.56 and its 200 day simple moving average is $167.92.

Insider Activity

In other news, SVP Aken Jennifer Van sold 1,800 shares of the business’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 completion of the transaction, the senior vice president owned 5,912 shares of the company’s stock, valued at approximately $970,454.80. The trade was a 23.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.17% of the company’s stock.

Analysts Set New Price Targets

GATX has been the topic of a number of research reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $204.00 price objective on shares of GATX in a report on Wednesday, January 14th. Citigroup lifted their price objective 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. Susquehanna increased their target price 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. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of GATX in a research report on Thursday, January 22nd. Four equities research 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.

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.